Financially, the firm has delivered: 13.7x overall cash-on-cash returns across fintech investments over five years, 29x return on LemFi following a $53m Series B, 5x cash-out from OmniRetail Africa.

The initiative is to shift focus from natural resource extraction to long-term human capital development in other sectors such as sports.

NBA provided winners with financial support and the opportunity to join the Carnegie Mellon University Africa 12-Month Business Incubation program. See all prize winners.

Discussions over a Formula 1 grand prix being held in Rwanda in 2029 are ongoing, according to the CEO of the Rwanda Development Board (RDB) Jean-Guy K. Afrika.

The fund is designed to develop infrastructure across the country from tracks and stadia to multi-purpose sports facilities, a move that will improve local sporting ecosystems and enhance facilities.

Uganda Stadium Project Secures $36.4m Afreximbank Financing via Egypt’s SAMCO. Akii Bua Stadium is expected to host some of the 2027 Africa Cup of Nations (AFCON) games which Government of Uganda is co-hosting with its East African neighbours Government of Kenya and Government of Tanzania in a joint bid.

SA Rugby joins as 6th investor in the league. Current investors include Italian, Irish, Welsh, Scottish Rugby Unions and Private Equity Company CVC Partners

The advisory board will meet regularly with Global Sport Group (GSG)'s leadership and league partners to help shape commercial strategy, guide investment decisions, and explore opportunities for market expansion.

The league is looking to evolve into a 12-team league with permanent franchises in the coming years, these teams will own their own arenas and have permanent homes across the continent.

The portfolio which includes a $26 million development in partnership with Zaria Group (co-founded by Toronto Raptors president Masai Ujiri). The hospitality and development company has a project in Kigali, Rwanda.

Roc Nation Sports International (RNSI), the global sporting arm of Jay-Z's Roc Nation has formally expanded its African football operations, signing eight emerging talents across six countries as part of a structured Sub-Saharan recruitment strategy.

The Nigerian global music star enters through her company, The Leading Vibe, reinforcing a growing trend of cross-industry capital flowing into professional football. Her investment is made in partnership with Pave Investments, the African private investment firm that previously participated in the 2021 investment into NBA Africa.