Convergence Partners

About The Fund

Convergence Partners, established in 2006, is an investment management firm that specializes in the TMT sector (telecommunications, media, and technology) in Africa, with a particular focus on impact investing in the ICT (information and communication technology) sector. They aim to catalyze investment capital to spur communications access and infrastructure development, thus driving enhanced returns and fostering continental development. They boast a history of initiating and nurturing investments that have been pivotal in improving ICT accessibility. In addition, they have been instrumental in major ICT infrastructure projects such as SEACOM, New Dawn, and FibreCo Telecommunications, which marked significant progressions such as the first undersea fiber system serving East Africa, the first African private sector communications satellite, and the first independent national fiber network in South Africa, respectively. Their funding ranges between $1,000,000 and $100,000,000, catering to various stages of the ICT asset life cycle, from the introduction and scaling of new technologies to broadening the services' reach to end-users. Convergence Partners positions itself as a sharpened force for creating economic growth alongside noticeable social development, emphasizing their role as seasoned pan-African private equity players. Their portfolio, team details, and notable achievements, including supporting data-driven solution advancements and contributing to digital connectivity projects in Africa, can be found on their website. Their investment approach is marked by a balance between achieving high returns and making socially impactful contributions to Africa's digital inclusion, with a vision to light up the continent through ICT.