Tuesday 21 May 2013

PAHF Announce First Close of USD41.5m

The Phatisa-managed Pan African Housing Fund (PAHF) has announced its first close of USD41.5m. The fund aims to raise a total of USD100m, with fundraising to be completed in 2013. The African Development Bank (AfDB) had earlier committed USD7m to the fund...

Private Equity in East Africa: State of Play 2011/2012

Some in-house news today: Together with the Nairobi Deloitte office, we have launched the 2012 East Africa Private Equity Confidence Survey. This is the second edition of the survey initiated by Deloitte a year ago, and it has been beefed up quite a bit:...

Actis Closes Africa Real Estate Fund 2 at USD278m

Emerging markets PE firm, Actis has closed its second Africa real estate fund at USD278m. Actis says this makes them the largest private equity real estate investor on the continent ‑ and we can’t think of anyone from the PE world who has raised or...

The Demise of E+Co

It looks to be just about all over for green energy impact investors E+Co. Impact IQ reports that millions of dollars in bad loans have driven the firm nearly out of business. The article is worth reading in full (including the comments) for all the gory...

PE Brings US Law Firms to Africa

Everyone is interested in Africa business these days, and large US law firms are now also coming to the table, even though very few have yet established offices on the ground: American Lawyer have look at the recent entries of US law firms to the continent, much of it driven by sovereign debt transactions, privatisations...

ICT Start Ups: Hype or Business?

“There’s hype and then there’s business.” That was the frank assessment offered at the recent DEMO Africa investor roundtable on tech-focused venture capital in Nairobi. East Africa’s tech space is having a heyday. Rapid mobile penetration across the...

USD7m AfDB Funding for Pan African Housing Fund

The African Development Bank (AfDB) will provide USD7m for the private equity Pan African Housing Fund (PAHF), managed by Phatisa and backed by Shelter Afrique. PAHF target investments in residential real estate for the low to mid-income demographic on...

Crowd sourcing: Getting Ahead of the Pack, or Ahead of Itself?

We reported recently on Grow VC, a US-based group that is promoting crowd sourcing for Africa. The idea is to gather money from ordinary people through an online platform to fund new ventures and fill the gaps where VC and angel investors have yet to...

KKR to Venture Into Africa?

According to BusinessWeek, Private equity firm KKR & Co. are reportedly hiring a dealmaker to look at the opportunities in sub Saharan Africa. The new staff member will initially be based in the company’s Europe office. KKR have declined to comment....

The Many Incarnations of Private Equity in Africa

In the news recently (here, and here) was the announcement that TLG Capital had transformed its Africa-focused private equity fund into a holding company (which will remain a separate entity from TLG's recent partnership with Duet PE). This has become...

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