Brazil’s leading investment bank Banco BTG Pactual has launched a $1 billion investment fund for Africa, the AFP has reported.

The investment fund is said to be biggest in the world.

Capital for the fund will be collected in Brazil, according to the report.

“It will be the biggest fund in Brazil with a special focus on the African continent,” the AFP quoted BTG Pactual President Andre Esteves as saying at a seminar in Brazil on investment opportunities in Africa.

The creation of this ‘private equity’ is a demonstration of the enormous confidence and affinity Brazil has with this region of the world, according to Andre Esteves.

By Ekow Quandzie

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