DPI Reaches USD900m Final Close for ADP III

Development Partners International reached a USD900m final close for African Development Partners III (ADP III), with an additional USD250m of dedicated co-investment capital. The fund will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. Read More

DPI Reaches USD900m Final Close for ADP III

Development Partners International (DPI) announced that African Development Partners III Fund (ADP III) has held a final close at USD900m, with an additional USD250m of dedicated co-investment capital commitments. Investors in the fund include DPI’s existing limited partners, as well as more than 25 new investors. ADP III will invest… Read More

SoftBank Leads USD200m Series E for HRtech Andela

SoftBank Vision Fund 2 led a USD200m Series E for Andela, a platform for building remote tech teams in Africa and other markets, at a reported USD1.5b valuation, with participation from Whale Rock and follow-on from Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital. Read more… Read More



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