The Editorial Team |

Why Pioneering Private Investors are Increasingly Critical to Africa’s Development

LAGOS, Nigeria, Capital Markets in Africa: Africa has long been a place for pioneers. With more than ten percent of the world’s population, and less than two percent of the world’s GDP, Africa needs far more investment that it receives. The challenge of identifying strong investments in a massive continent that is a complex array of 54 jurisdictions and even more languages, cultures, and political systems, has kept many private equity investors away. The Overseas…

Recent Private Equity Deal Activity in Africa

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LAGOS, Nigeria, Capital Markets in Africa: There have been a number of recent investments in 2015 into private healthcare and pharmaceuticals in Nigeria and into agriculture in Nigeria, Ethiopia and Kenya, and into life insurance and financial services business across West Africa, particularly Ghana. Telecommunications businesses across Africa also remain attractive. Regrettably a number of deals have collapsed or been put on hold (often indefinitely) due to the commodity slump (in particular the low oil…

Harnessing Maghreb’s Growth Potentials: A Private Equity Perspective

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LAGOS, Nigeria, Capital Markets in Africa: Very often investors wonder whether investing in the Maghreb is beneficial and delivers high returns. There are several reasons why this region is more attractive than other emerging markets in the world. In the Maghreb countries, future growth expectations tend to be high, competition levels are rather low and markets relatively stable. Also, there is usually a strong pipeline of good companies in fundamentally good sectors. Another important element…

Fitch: Global Sovereign Downgrades Set for a Record Year

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LAGOS, Nigeria, Capital Markets in Africa: Fitch Ratings-London-07 July 2016: Sovereign credit ratings are on track for a record number of downgrades in 2016, driven by the impact of lower commodity prices in emerging market economies, Fitch Ratings says in its latest bi-annual Sovereign Review and Outlook. There were 15 downgrades in 1H16 compared with the previous annual high of 20 in 2011, and 22 ratings are on Negative Outlook, suggesting this year’s final total…

Nigeria Says Its Banks Are Safe, Urges Against Panic Withdrawals

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LAGOS, Nigeria, Capital Markets in Africa: Nigeria’s central bank said all its lenders are safe, aiming to quell fears after it ousted the management of Skye Bank Plc on Monday for failing to meet capital and liquidity thresholds. “The Central Bank of Nigeria hereby reassures the banking and general public that their deposits remain safe,” Isaac Okorafor, a spokesman for the Abuja-based regulator, said in an e-mailed statement Wednesday. “There is, therefore, no need for panic withdrawals…

Embracing Local Capital Markets: An Alternative Approach to Hedging Currency Risk in Africa

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LAGOS, Nigeria, Capital Markets in Africa: With the appearance of stalwarts of the global private equity industry in Africa such as Carlyle, the Abraaj Group and Temasek, the outlook for private equity flows into the continent should be promising. The reality for these fund managers, is that the majority of growth being created is in local currency and as such their returns are impacted by volatility in exchange rates between local currency and the US…

Private Equity | Metier Capital Growth Fund II closed at ZAR2.5 billion …

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South Africa, Capital Markets in Africa | Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfolio companies, the majority in value now realised. The fund will focus on private equity investment in buy out and growth capital transactions in South, Southern and Sub-Saharan…

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