Analysis & Features

Convergence Partners raises $296 million to invest in digital infrastructure projects in Africa

CPDIF was launched in June 2020 and had a first close of $120 million in July 2021. The Fund is focused on investing in digital infrastructure opportunities across sub-Saharan Africa. These include investments in fibre networks, data centres, wireless, towers, cloud, Internet of Things (IoT), artificial intelligence (AI) and other critical digital infrastructure that is vital for the growth of the digital economy in the region. [c]