New GX Capital, which was one the early backers of Darkish Fibre Africa, is launching a R2.4-billion clean-tech funding fund in partnership with RMB Ventures.
Known as Airnergize Capital Fund I, the brand new fund will put money into renewable power and water and gasoline infrastructure throughout Africa. New GX Capital and RMBV have described the fund as “one of many largest of its type on the continent”.
New GX Capital was based by CEO Khudusela Pitje, a well known businessman who has pursuits within the telecommunications, expertise and infrastructure industries.
The Airnegize fund, which is black owned and managed, has secured R2.4-billion in preliminary commitments and is concentrating on an additional R1.6-billion by the point it closes within the months forward.
“Airnergize Capital can be managed by New GX, with a concentrate on thematic investments throughout renewable power, gasoline and water. Its funding technique is aligned with world sustainability objectives, prioritising modern options that help a low-carbon financial system and promote inclusive progress,” RMBV and New GX mentioned in a joint assertion on Friday.
The fund has already made its first funding by “merchandising in” Sustainable Energy Options Africa (SPS), a portfolio firm within the New GX secure. SPS is an enormous participant within the business and industrial photo voltaic PV and battery market.
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“The fund’s investments will help the expansion of sustainable infrastructure and contribute to the financial growth of South Africa,” mentioned RMBV’s Eutychus Mbuthia. – © 2025 NewsCentral Media
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