Wednesday 23 July 2014

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...

TransCentury Exit Rift Valley Railways Investment to Citadel

This ends a few weeks of (probably not very heated) speculation after TransCentury issued their cautionary statement in late January 2014 that they were considering selling their stake in the Kenya-Uganda Rift Valley Railways (RVR): They announced today...

AFDB Commits USD25m to Pan African Infrastructure Development Fund

The African Development Bank (AfDB) will contribute USD25m to the Pan African Infrastructure Development Fund 2 (PAIDF2), a private equity fund that will invest in power, transport, water and sanitation, ICT and healthcare infrastructure across the...

AfDB authorize USD20m Contribution to ARM-Harith Infrastructure Fund

The African development Bank (AfDB) approved a USD20m anchor investment in the ARM-Harith Infrastructure Fund (ARMHIF), a new Nigerian PE fund that aims to raise USD205m. ARMHIF aims to invest in infrastructure projects and companies across West Africa,...

Stanlib Announce New Africa Infrastructure Fund

Stanlib launched their new African Infrastructure Private Equity Fund with ZAR500m in seed capital for new infrastructure developments. The company hopes to raise ZAR1bn for this fund, and is also developing a second fund for more mature infrastructure...

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...

Better PPP Terms to Bring PE into Infrastructure?

Engineering News have an interesting short article on public-private partnerships for infrastructure development in South Africa. There are numerous big projects that the government wants to fund, but Deloitte analysts are warning that ‘with over 40% of...

Helios Towers Eyes USD200m for Further African Expansion

  Helios Towers Africa will soon close on USD200m in expansion financing from the International Finance Corporation (IFC) and other investors, LBO Wire reports. HTA was established as a pan-African telecoms tower operator in 2009 with a USD350m investment from a group of investors including PE firms Helios Investment...

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