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 spend money on renewable power and water and fuel infrastructure throughout Africa. New GX Capital and RMBV have described the fund as “one of many largest of its form on the continent”.
New GX Capital was based by CEO Khudusela Pitje, a widely 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 focusing on an additional R1.6-billion by the point it closes within the months forward.
“Airnergize Capital might be managed by New GX, with a give attention to thematic investments throughout renewable power, fuel and water. Its funding technique is aligned with international sustainability objectives, prioritising revolutionary options that assist a low-carbon economic system and promote inclusive development,” RMBV and New GX stated 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 steady. SPS is a giant participant within the industrial and industrial photo voltaic PV and battery market.
Learn: Vodacom, Orange to roll out photo voltaic cell towers in rural Africa
“The fund’s investments will assist the expansion of sustainable infrastructure and contribute to the financial improvement of South Africa,” stated RMBV’s Eutychus Mbuthia. – © 2025 NewsCentral Media
Get breaking information from TechCentral on WhatsApp. Join right here.
