Investment bank SouthBridge in innovative joint venture deal with NACP, picks Charles Kié as a CEO

MAURITIUS – Investment bank SouthBridge Investments (SBI) and New African Capital Partners (NACP) have announced the launch of their joint venture named SBNA that will act as a “permanent capital fund” aiming to attract investors who take a long-term view on Africa.

The joint venture intends to directly invest in Africa’s future with long-term capital, focusing on FinTech, the financial sector integration, and micro and meso finance.

Charles Kié, CEO and co-founder of New African Capital Partners, will head SBNA.

Mr. Kié’s professional career includes 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 and 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.

“SBNA wishes to focus on digitalization, inclusion and sustainable finance  with efficiency and technology expected to open the banking system to the millions of people who deserve and need it”

According to SouthBridge, SBNA wishes to focus on digitalization, inclusion and sustainable finance  with efficiency and technology expected to open the banking system to the millions of people who deserve and need it.

To achieve the goals, SBNA brings together African know-how, strong financial, banking and technology skills, experience and knowledge with the  joint venture leveraging 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 SouthBridge Group that was incorporated in 2020 and represents a major commitment to invest 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.


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