NSIA, firm to create infrastructure fund in Africa

The Nigeria Sovereign Investment Authority (NSIA) and Z Capital Group (ZCG), a leading private markets asset manager, yesterday announced a joint venture partnership to establish a fund focused on infrastructure investments in Africa.

Under the agreement, ZCG and NSIA will pursue equity, debt, and other blended financial instruments for investments across diverse sectors, including, but not limited to, healthcare, renewable energy, mobility & logistics, energy transition, climate-adaptive infrastructure, digital & social infrastructure, climate-smart agriculture, and green industrialization.

Founder, President, and Chief Executive Officer of ZCG, James Zenni, said, “We look forward to combining our investing, consulting, and technology expertise with NSIA’s deep expertise in managing large-scale infrastructure projects throughout the continent,”

Managing Director and Chief Executive Officer of NSIA, Aminu Umar-Sadiq,  said, “In collaboration with ZCG, we can deepen existing investments to further support Africans and play a leading role in propelling sustained socio-economic development across Africa.”