The American fund manager Z Capital Group (ZCG) announced, in a press release published on Tuesday, November 21, the signing of a joint venture agreement with the Nigerian sovereign wealth fund to launch a fund specialized in infrastructure in Africa. The new investment vehicle includes investing in sectors such as healthcare, digital and social infrastructure, renewable energies, and climate-resilient agriculture

ZCG and the Nigeria Sovereign Investment Authority aim to raise between $1 billion and $2 billion to invest in stocks, debt, and other mixed financial instruments in sectors such as healthcare, digital and social infrastructure, renewable energy, and climate-resilient agriculture, the source said. NSIA is already investing in infrastructure development through vehicles such as the Nigeria Infrastructure Fund, which finances highway and road construction as well as health, electricity, and agricultural projects