The Mineworkers Provident Fund (MWPF), which oversees about R30bn on behalf of its 75,000 members, has invested $20m (R305m) in Convergence Partners’ digital infrastructure fund, a private-equity vehicle that invests in technology aimed at enabling Africa’s participation in the digital economy.

Convergence Partners, which was founded in 2006 to invest in the Sub-Saharan African technology sector, is targeting a total capital raise of $250m for its digital infrastructure fund, which announced a first close of $120m in July and currently has about $190m available for deployment...

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