Wednesday 16 April 2014

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...

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...

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...

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...

ADC Listed on the Frankfurt Stock Exchange

  The African Development Corporation (ADC) announced its successful transformation into a stock corporation listed on the Frankfurt Stock Exchange. The supervisory board under the chairmanship of Alastair Newton will remain unchanged and will...

Actis to Lead USD1.5bn in Real Estate Investments

In an interview with Bloomberg, Actis’ director of the firm’s sub Saharan Africa real estate unit Kevin Teeroovengadum stated that they would lead real estate investments of up to USD1.5bn. Part of this funding will come from the proceeds of Actis’ second...

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...

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