IFC considers to invest US$25 million in Convergence Partners Digital Infrastructure Fund

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The International Finance Corporation (IFC) is considering a potential equity investment of US$25 million in Convergence Partners Digital Infrastructure Fund (CPDIF). The main focus of the fund is to invest in companies operating in the digital technology sector and ICT infrastructure in sub-Saharan Africa. 

The CPDIF Fund has a total capital target size of US$250 million, with a US$300 million hard cap. The proposed investment by IFC is for up to US$25 million in equity, covering no more than 20% of the total allocated capital.

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