An investment fund managed by QG Investments Africa Management Limited, QG AfricaMezzanine LP, has announced the establishment of a power development company to develop power assets across sub-Saharan Africa.
The new joint venture, QG Power Africa, was established in collaboration with Tomé International Limited and Independent Power Corporation Plc, according to a statement.
The statement said the joint venture had been set up to develop power plants across countries in the sub-Saharan African region in the first phase, focusing on Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana.
It said the QGPA would expand its development capabilities to meet Africa’s fast-growing demand for power.
