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American investors are pursuing deals worth about Sh258 billion ($2 billion) across Africa after a four-country tour yielded agreements to fund five renewable energy projects and begin a Johannesburg Stock Exchange listing process.
The delegation, led by Treadway, an investment banking firm, visited South Africa, Zambia, Tanzania and Zanzibar in April to explore investment opportunities across the continent.
The tour resulted in funding agreements for five renewable energy projects and the start of a Johannesburg Stock Exchange (JSE) listing process for an African business through a Special Purpose Acquisition Company (SPAC) structure.
Treadway is working with Dea Ru, a JSE-approved sponsor and designated adviser, to facilitate SPAC listings and support African companies seeking access to public markets.
