The Editorial Team |

Synergy Capital Managers invests in Ghanaian multiproduct company

ACCRA (Capital Markets in Africa) – Synergy Capital Managers (Synergy), through its Synergy Private Equity Fund (SPEF), has completed an equity investment in Vester Oil Mill Limited Ghana (Vester), a multiproduct company producing oilseed meals and oilseed crude oils including soybean, palm kernel nut and Copra (dried coconut kernel). Vester is one of the top five seed oil mill operators in Ghana evolving from a small scale processing plant in 2002 to a 50MT daily…

Egypt’s debts to international oil companies rise to $3.58 bln at end-Sept

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CAIRO (Capital Markets in Africa) – Egypt’s debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil minister said, from about $3.2 billion six months ago. The oil ministry said last year that it aimed to reduce its arrears to foreign oil and gas companies operating in the country to $2.5 billion by the end of 2015 and pay them off completely by the end of 2016….

South Africa’s Banks: Examining the Current Environment, Exploring the 10 Year Outlook

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LAGOS (Capital Markets in Africa) – The 2015/16 Global Competitive Index, published by the World Economic Forum, rates the SA banking sector 6 out of 140 countries in the availability of financial services and 8th in the soundness of banks. This is high praise for a banking sector that is small in global terms, but is globally connected and punches way above its weight globally. The quarterly S A Reserve Bank Report details statistics that…

Mauritius’ Banking Sector: Overview, Challenges and Opportunities

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Banking Sector Overview Over 20 banks operate in Mauritius and, in addition to traditional banking services, they offer a range of specialised services ranging from custodial services to cross-border activities. Half of these banks offer retail banking services to residents – a space dominated by a couple of players – while the rest focus on specialised international banking services and also include a couple of purely private banks. In Mauritius, the domestic operations are typically…

Cybercrime in East Africa targeting local business

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LAGOS (Capital Markets in Africa) – Although the majority of East African institutions and businesses are investing in their security infrastructure, many are doing so in the wrong places. A recent report by Control Risks has revealed that Government, followed by telecoms and financial services are at most risk in East Africa. Of note is that the report shows that attacks are not only carried out against multinationals operating in the region – a common…

Abu Dhabi Airports to invest in redeveloping Seychelles airport

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Seychelles (Capital Markets in Africa) – State-owned Abu Dhabi Airports Co will invest in redeveloping the international airport at Mahe in the Seychelles as the Indian Ocean country expands its aviation and tourism sectors, officials said on Tuesday. “Our aim is to help to deliver an updated passenger terminal operating to the highest international standards,” Abu Dhabi Airports chairman Ali Majed al Mansoori told reporters, without giving details. The Seychelles signed an agreement for the…

Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners (Catalyst), a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories Ltd. in Tanzania. Zenufa is one of the leading pharmaceutical manufacturers in Tanzania with its factory recognised by the Tanzania Food and Drug Administration (TFDA) as being fully compliant with Good Manufacturing Practices (cGMP) conforming with international guidelines and systems that ensure high standards in design, monitoring and control…

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