Dangote Backs $500 Million Africa-focused Fund 

Oct 11, 2023 · 2m 13s
Dangote Backs $500 Million Africa-focused Fund 
Description

Aliko Dangote, Africa's richest man, has teamed up with US billionaire investors to back a $500 million Africa-focused fund. The investors, Alterra Capital Partners, an Africa-focused private equity firm, has...

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Aliko Dangote, Africa's richest man, has teamed up with US billionaire investors to back a $500 million Africa-focused fund.
The investors, Alterra Capital Partners, an Africa-focused private equity firm, has ambitious plans to raise up to $500 million in the coming months and has already secured $140 million in its initial closing.
The firm’s investment strategy is centred around critical sectors, including telecommunications, technology, logistics, healthcare, consumer services, and retail.
The firm has invested approximately $1 billion across 23 companies in Africa, indicating a significant track record in the region.
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Author Africa Business Radio
Organization Africa Business Radio
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