$500 Million been subsidized by Africa’s Richest Man Aliko Dangote & partnered with Billionaire Investors to support Africa
By Abdul Rahman Bangura-
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Sources from Bloomberg revealed that, a crew that arose from Carlyle Group Inc. asserted on past Wednesday that they had accepted aid from the founders of the prominent U.S. private equity firm, as well as Aliko Dangote, to inaugurate the Alterra Capital Fund, which is committed to African acquisitions.
The co-founders of Carlyle, namely David Rubenstein and Bill Conway, are outstanding players in this fresh initiative. Therefore, the private equity firm has set an enterprising objective of raising $500 million in the coming months, although they have already organized to attach $140 million during their initial fundraising endeavors.
In a topography where prominent investors are hanging back to enter the African market, smaller firms are taking hold of chances. These options are occurring as startups proliferate to address the fissures in a mainland that tussles with inadequate economic and logistical infrastructure.
Thus, Alterra aims at to allot its investments across different sectors, comprising telecommunications, technology, logistics, healthcare, and consumer retail, according to Sangudi.
“This is an excellent time to put money to work in Africa as many of the current macro themes provide attractive potential investment opportunities.
“For example, the power challenges across Africa provide opportunities to invest in private distributed power solutions, while technology continues to drive Africa’s digital transformation at a rapid pace.”
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent