SBI Holdings, Abu Dhabi to Create $100 Million Africa Fund

Sept. 13 (Bloomberg) -- SBI Holdings Inc. of Japan and a unit of Abu Dhabi Investment Council will create a $100 million fund to invest in African companies in Nigeria, Ghana, Kenya, Egypt, Tunisia and Morocco. SBI Holdings and the unit, Invest AD, will each contribute 50 percent. The Japanese venture capital fund manager made the announcement in a release to the Tokyo Stock Exchange.

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To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net