The Editorial Team |

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

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…

EGYPT: The Gateway for International Private Equity Investment into Africa

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LAGOS, Nigeria, Capital Markets in Africa: Located at the North Eastern gate of Africa, Egypt is considered the gateway to African markets in terms of both investments flows, and target exports destinations. Together with the 90 million plus citizens, its professionally sophisticated financial sector adds to its comparative advantage as an appealing destination for investment flows, mandated towards both the local market and the neighbouring African countries, known for their huge investment potential. In spite…

South Africa Most Exposed to Brexit Fallout in Region, Moody’s Says

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South Africa, Capital Markets in Africa: South Africa’s reliance on foreign money to finance the shortfall on its current account makes it the most vulnerable in sub-Saharan Africa to fallout from the U.K.’s vote to quit the European Union, Moody’s Investors Service said. “South Africa’s current-account deficit leaves it vulnerable to short-term capital outflows amid changes in investors’ risk perceptions and appetite,” Moody’s Vice President and Senior Analyst Zuzana Brixiova wrote in an e-mailed report…

Private Equity Activity, Growth and Performance in Morocco

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LAGOS, Nigeria, Capital Markets in Africa: Morocco has begun to emerge as a real operational platform for African investment seeking to position for the new economic dynamic in Africa. Building on a cornerstone location between West Africa, North America and Europe, and leveraging its own solid decade of successful market reforms and extensive, international-standard infrastructure expansion, Morocco is a bridging platform between the north and the south. Longstanding Africa commercial, cultural, and political ties and…

Mozambique Cuts 2016 Growth Forecast, Raises Inflation Outlook

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Mozambique, Capital Markets in Africa: Mozambique revised its 2016 budget, cutting its growth forecasts as some donors suspended aid after the government admitted to hiding more than $1.4 billion in debt. The country’s cut its gross domestic product growth forecast to 4.5 percent from 7 percent earlier, Finance Minister Adriano Maleiane said in the capital, Maputo, Thursday, following an extraordinary cabinet meeting to approve the State Budget Review. State revenue is projected to decline to…

Private Equity | LeapFrog companies reveal new model of growth, creating 102,000 jobs

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LAGOS, Nigeria, Capital Markets in Africa: LeapFrog Investments today announced that its portfolio companies now employ 102,438 people in Asia, Africa and Latin America. “Nothing sustains a family more than a secure job. Each job typically supports a family of five in our focus countries, while benefiting the wider community,” said Dr. Andrew Kuper, LeapFrog’s CEO and founder. “For the past three years, our financial services companies have grown annual revenue on average by 43…

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