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Laxman Pai, Opalesque Asia:

The Nigerian Sovereign Investment Authority (NSIA) has agreed on a partnership with a U.S.-based private markets asset manager Z Capital Group (ZCG) to establish an investment infrastructure fund for Africa.

According to newspaper reports, the venture is targeting a fundraising goal of $1bn to $2bn. The companies have outlined their intentions to invest in equity, debt, and a mix of financial instruments in various sectors, encompassing healthcare, digital and social infrastructure, renewable energy, and climate-smart agriculture.

As per a media release, this strategic collaboration offers the opportunity to leverage the unique economic and financial opportunities that are currently burgeoning within the African continent.

"Against the backdrop of Africa's rapid economic evolution and growth, coupled with a growing population and increasing global influence, the partnership between ZCG and NSIA is poised to tap into the continent's promising investment landscape," the release said.

NSIA brings in-depth experience across key sectors, with a proven track record for executing large-scale infrastructure projects in Africa enabled through stakeholder relationships, relevant market insights, and strong pipelines for sourcing investment opportunities, it added.

James Zenni, founder and chief executive officer of ZCG said, "Given Africa's rapidly expanding population and its increasing cultural and political influence on a global scale,......................

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