Wednesday 29 June 2016

Investec to Manage Emerging Africa Infrastructure Fund (EAIF)

Investec Asset Management have been appointed as the manager for the USD670m Emerging Africa Infrastructure Fund (EAIF). EAIF, founded in 2002, is a multi-donor public-private partnership backed with equity by the UK, Dutch, Swedish and Swiss government...

Abraaj Group Acquire Energy Project Developer Themis

Emerging markets private equity fund manager Abraaj Group have announced the acquisition of Themis Energy to support the group’s activities as a dedicated energy project development arm: ‘Themis will lead or partner with other project developers in order...

GuarantCo Open East Africa Office to Support Infrastructure Investments

GuarantCo has opened a new office in Nairobi to cover the East and Southern African markets. Jane Kotut Sang has been appointed as the regional director, and Eugene Ntananga will support her as the regional advisor. GuarantCo will provide local currency...

African Renewable Energy Fund (AREF) Announces Final Close at USD200m

The African Development Bank (AfDB) announced that the Kenya-based Africa Renewable Energy Fund (AREF) had reached its fundraising target of USD200m for 5MW to 50MW grid-tied renewable energy projects. Lead sponsors of the fund are the AFDB and its...

DFI LPs Sponsor New Energy Access Fund

A group of DFI LPs have teamed up with Schneider Electric to launch the Energy Access Fund, intended to ‘improve access to sustainable energy in sub Saharan Africa’. The DFIs have partnered with Schneider Electric, a global energy management company. The...

ARM Harith Infrastructure Fund Announces First Close

ARM Harith Infrastructure Investment Ltd (ARMHIIL) have announced the first close of their ARM Harith Infrastructure Fund (ARMHIF). ARMHIF aims to raise USD250m for investments in transport, energy and utilities in West Africa, mainly Nigeria. ARMHIIL is...

Blackstone Invest in African Infrastructure Development Firm

Global asset management firm Blackstone have announced a partnership with Black Rhino, the infrastructure development firm founded in January 2012 by Brian Herlihy, the former CEO of the Seacom submarine cable development project. The partnership will...

CDC Commit USD20m to Actis’ Electricity Investment in Cameroon

British CDC will invest USD20m in the Société Nationale d’Electricité (SONEL), Cameroon’s national electricity utility, and in two independent power plants, Kribi and Dibamba. This will be part of a USD202m investment led by emerging markets private...

Actis Sell Stake in Ugandan Energy Utility Umeme

Emerging markets investor Actis have announced the sale of a substantial part of their stake in Uganda’s electricity distributor Umeme to institutional investors through a secondary offer on the Uganda Securities Exchange (USE) and the Nairobi Securities...

Africa Investment Outlook: Discussing PE, Energy, Infrastructure

On 27 March, we participated in the Africa Investment Outlook with Cross-border Information’s CbI Meetings, which was hosted by global law firm King & Wood Mallesons SJ Berwin in lovely London offices at the Thames. Andrea presented our annual Private...

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