Africa’s Contemporary Art Finds a Home in Cape Town Museum

Africa’s Contemporary Art Finds a Home in Cape Town Museum

JOHANNESBURG (Capital Markets in Africa) – Overlooking the harbour in Cape Town, the Zeitz Museum of Contemporary Art Africa, known as Zeitz Mocaa, opened last month in a former corn silo complex that was renovated for 500 million rand ($37 million). It displays strictly 21st century works by a range of young and established artists from across the continent, including South Africa’s Simphiwe Ndzube and William Kentridge and Kenyan-born Wangechi Mutu, as well as African-American and Afro-Caribbean pieces….

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Coors-Led Fund Buys Africa’s Largest Sushi-Grade Trout Farm

Coors-Led Fund Buys Africa’s Largest Sushi-Grade Trout Farm

JOHANNESBURG (Capital Markets in Africa) – One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of…

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Solar Telecom Company Calls Ex-Morgan Stanley Manager to Africa

Solar Telecom Company Calls Ex-Morgan Stanley Manager to Africa

LAGOS (Capital Markets in Africa) – GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends…

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Group Five in Talks With Private Equity, Ex-Chairman Says

Group Five in Talks With Private Equity, Ex-Chairman Says

JOHANNESBURG (Capital Markets in Africa) – Group Five Ltd. has received expressions of interest in the South African construction company from private equity firms and is still talking to one of them, according to outgoing Chairman Philisiwe Mthethwa. “That discussion with the private equity fund is ongoing,” she said by phone on Tuesday, declining to name the suitor because the talks are confidential. The Johannesburg-based company hasn’t received a “bona fide offer” and hasn’t rejected any…

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Gabon Seeks Private Partnerships to Boost Processing of Minerals

Gabon Seeks Private Partnerships to Boost Processing of Minerals

Libreville (Capital Markets in Africa) – Gabon, Africa’s second-biggest manganese producer, wants to partner with private companies to process most its minerals locally before exporting them, Mining Minister Christian Magnagna said. Local processing will boost the mining industry’s contribution to gross domestic product from the current 2.1 percent to at least 4 percent as the central African nation seeks to make its economy less dependent on oil, Magnagna said in an interview in the capital, Libreville….

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LeapFrog invests US$180mn in Enterprise Group Ghana

LeapFrog invests US$180mn in Enterprise Group Ghana

ACCRA (Capital Markets in Africa) – LeapFrog Investments, the profit-with-purpose investor in emerging markets, today announces a total investment of US$180mn in Ghanaian financial services market leader, Enterprise Group Limited (Enterprise Group). The transaction draws from a US$350mn separately managed account, LeapFrog Strategic African Investments (LSAI), which was established in 2016 to access high growth markets in Africa. The Enterprise Group commitment represents LeapFrog’s largest investment to-date and marks the first investment of LSAI, a fund…

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Catalyst acquires strategic interest in Kensta Group

Catalyst acquires strategic interest in Kensta Group

NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta).  Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East African countries. Since inception, Kensta, through its various investments has played a pivotal role in the east African printing and packaging Industry and has been instrumental in changing the face of office automation…

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