Saturday 28 March 2015

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...

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...

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