Saturday 19 April 2014

Sub-Saharan Africa

Carlyle Close First Africa Fund 40% Above Target

Carlyle closed their first sub Saharan Africa fund at USD698m, 40% above their initial USD500m target. They had launched the fund in early 2012. Speaking to the FT, MD and co-head of Carlyle’s sub Saharan Africa...

ADC and Atlas Mara Team up for Joint Bank Holding

When we first read about Atlas Mara’s investments plans, we thought ‘That looks a bit like ADC’s Africa bank holding plans. And here they are, merging into one: African Development Corporation (ADC) announced that their management and board have approved a ‘business combination...

2013 Private Equity Confidence Survey: Seeking Clarity and Opportunities

As in the previous years, the survey has three parts: A review of the 2013 data, based on Africa Assets’ database Text boxes looking into some industry trends and developments, and The actual confidence survey, managed by the Deloitte Nairobi office, which aggregates industry...

Guest Post: The Sustainability of Africa’s Start-up Culture

Russell Southwood, the man behind the Africa ICT platform Balancing Act Africa and the founder of Smart Monkey TV, took a look at six African incubators. There are some interesting lessons here, plus plenty of links to Smart Monkey videos with interviews. Read on! Even if you skip the...

Helios Investment in Financial Services Firm Bayport

Helios Investment Partners have announced a USD100m investment in Bayport Management Ltd (BML), a provider of unsecured credit and other financial services solutions. Bayport was founded by South African entrepreneurs Grant Kurland and Stuart Stone in 2001 and focuses mainly on...

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