Convergence Partners: Best TMT Impact Investment Strategy Africa 2021

Convergence Partners

Convergence Partners is an impact investor with a record for identifying, developing and adding value to investment opportunities in Africa’s Technology Media and Telecom (TMT) sector. The private equity fund manager spreads its portfolio across 18 countries. It has invested in major projects in every major region of sub-Saharan Africa and the company is always looking for opportunities to expand operations and further its contribution to the entire continent’s socio-economic development. Convergence Partners is headquartered in Johannesburg with offices in Mauritius and Nigeria. It spurs financial and social growth with strategic investments in ICT infrastructure and digital innovation. Convergence Partners was founded in 2006 by a tight-knit team of founders who had worked together before and remain active in the business, together with a stable, experienced team that has been built over the years since. The firm values diversity and its talented team is a balance of races, genders and countries of origin. Convergence launched its third private equity fund late last year; it aims to raise $250m by close and has attracted the attention of a number of DFIs. Convergence’s first two funds, the second of which is nearing full deployment, have invested in 29 companies and exited half of those deals. Convergence Partners is chipping away at the SDG challenges facing the Continent with an investment portfolio that strengthens continental connectivity as well as educational and financial inclusivity. The firm has recently taken the step of launching Sira, its self-developed bespoke impact measurement toolkit, that tracks impact achievements across its portfolios against SDG objectives. The CFI.co judging panel declares Convergence Partners winner of the 2021 award for best TMT Impact Investing Strategy (Africa).


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