GUGU LOURIE: Andile Ngcaba’s supercharged tech investment paves way for Africa’s digital inclusion

In three decades Andile Ngcaba has gone from being the postmaster general of SA to leading one of Africa’s largest private equity investors that is committed to building what he calls “Digital Africa”.

The investments have enabled the firm to rapidly grow its assets under management from R4.3bn in 2021 to more than R11bn in January 2023. “We are thrilled with our investment in 42Markets, which reflects our unwavering dedication to fostering digital infrastructure expansion throughout Africa,” said Ngcaba.

Inq. wants to be Africa’s number one AI service provider, which could unlock opportunities for the continent’s youth.

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