SouthBridge Investments (SBI) and New African Capital Partners (NACP) announced the launch of their joint venture: SBNA.
SBNA will act as a “permanent capital fund” aiming to attract investors who take a long-term view of Africa. The joint venture intends to directly invest in Africa’s future with long-term capital, focusing on FinTech, financial sector integration, and micro and meso finance.
Charles Kié, CEO and co-founder of New African Capital Partners, will head SBNA. His professional career has included top jobs at Citibank, Banque Atlantique, Ecobank and AFC (Africa Finance Corporation), before co-founding NACP in October 2018 with Paulo Gomes.
The financial sector remains critically important to the continent’s development. Long-term capital, modernization, and investor commitment are key to the transformation of one of the world’s most promising banking markets.
With a substantial rate of return, the financial sector is set to attract more flows and generate many more opportunities. In this particular area, SBNA wishes to focus on digitalization, inclusion and sustainable finance. Efficiency and technology are expected to open the banking system to the millions of people who deserve and need it.
To fulfil these goals, SBNA brings together African know-how, strong financial, banking and technology skills, experience and knowledge. The joint venture will leverage this outstanding human capital and market knowledge to be a truly pan-African endeavour dedicated to Africa’s growth and integration.
SouthBridge Investments (SBI) is the investment arm of the SouthBridge Group. It was incorporated in 2020 and represents a major commitment to investing directly in Africa’s future. SBI will focus particularly on asset management and fund management in the areas of finance, manufacturing and industry, SMEs, with a particular impact on women entrepreneurship, sustainable development and green business.
Senior Partner Dr. Frannie Léautier heads SouthBridge Investments as its CEO. She has previously held senior leadership roles in prestigious international organizations such as the World Bank, African Development Bank and Trade and Development Bank
