New $250m fund to drive W/Africa’s technology development

A new $250 million infrastructure fund has been set up by Convergence Partners, an investment management company, to help bridge Africa’s widening digital divide. The Convergence Partners Communications Infrastructure Fund (CPCIF) is the only fund dedicated solely to Africa’s Information Communications Technology (ICT) sector. With a first close of $145 million, according to CPCIF, it is…