Blackstone eyes opportunities in African power shortages
DAKAR (Reuters) – Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue to seek partners like Aliko Dangote — Africa’s richest man, with whom Blackstone has a $5 billion joint venture — to ensure that Blackstone’s experience and deep pockets are matched by local…
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