Wednesday 23 April 2014

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...

India’s RPG Enterprises Seeks Acquisitions in Africa

India’s RPG Enterprises is seeking diverse acquisitions in Africa, some from private equity players in South Africa, Business Today reports. RPG hopes to become the leading power transmission player in South Africa, where the company says it has found...

Citadel Touts African Infrastructure Projects, Defends Agribusiness Investment

Egypt’s Citadel Capital has been busy promoting its work in Africa this week. Co-founder and Managing Director Hisham El-Khazindar gave the keynote address at the Private Equity World Africa conference in London on 21 March 2012. He spoke about the nature...

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