More Fund Managers Express Interest In IFSC

"We are seeing significant interest from new investment funds and fund management companies seeking to domicile in Botswana, to deploy private equity capital into existing and emerging investment opportunities within the SADC region and the rest of sub Saharan Africa," Allen Boshwaen said at a stakeholders conference in Gaborone last week.

Currently some of the IFSC investment funds companies include African Alliance, Vantage Mezzanine Fund (II) and newly accredited Ariya. "The former has been accredited to the Botswana IFSC to provide investment management and other related consultancy and financial services initially and primarily to its Jersey based parent company, Ariya Capital Group Limited (ACGL), and a new $150 million private equity fund focused on sustainable investments in Sub-Sahara Africa. Ariya will provide four essential services in relation to the Southern Africa Sustainable Investment Fund, namely deal or pipeline origination, due diligence, value creation and exits," the IFSC website says.