Private Equity |

Private capital slowdown in Africa mirrors global investment trends

London (Capital Markets in Africa) – The African Private Capital Association – today announced the release of the 2023 African Private Capital Activity Report, the anticipated annual report providing insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape. In 2023, the global economy faced a series of interconnected shocks, including rising political tensions, increasing fragmentation in global trade, escalating interest rates and tightening monetary policies to address high inflation. Amidst volatile…

Celebrating Innovation and Excellence in Banking at the 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya

Posted on by The Editorial Team

Nairobi, Kenya – The Connected Banking Summit, an annual event conceptualized and organized by The International Center For Strategic Alliances (ICSA), once again proved to be a cornerstone for the banking industry’s evolution with its 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024 took place on 6th of March, in Nairobi, Kenya. This gathering not only underscored the significance of digital transformation and financial inclusion but also celebrated the remarkable achievements…

NextGen Succession Planning for Kenyan Family Businesses; Including market insights into Waqf Principles

Posted on by The Editorial Team

Recent research conducted by Asoko has revealed that Kenya boasts close to 500 family-owned businesses that generate revenues surpassing the US$10 million mark. This diverse spectrum of businesses spans across various industries, sectors and specialisms. Furthermore, among these businesses, close to 15% achieve annual earnings exceeding US$50 million, a quarter of which exceed the US$100 million threshold. Despite their positive impact on Kenya’s economy, family-owned businesses face several structural challenges, including a lack of robust…

Green Climate Fund Approves USD 50m for REPP 2 in Africa

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LONDON (Capital Markets in Africa) – The Board of the Green Climate Fund (GCF) has approved the allocation of USD 50m in equity to REPP 2, a new debt fund providing an opportunity to invest in Sub-Saharan Africa’s fast-growing renewable energy market. Climate and impact fund manager Camco is developing REPP 2 as a USD 250m fund designed to deliver significant climate, economic and gender impacts while ensuring sustainable returns for investors. Latest research shows…

African Development Bank fund approves grant for solar electricity

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) — The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN) has approved a grant of $485,000 for a solar electricity project in Namibia that will power some 50,000 households in the capital city. The “Informal Settlement Renewable Electrification and Upgrading Program” will directly benefit around 200,000 people in Windhoek, where around 20% of the population does not have electricity. The Urban and Municipal Development Fund helps governments…

USAID Commits $3 million to African Water Facility

Posted on by The Editorial Team

;AGOS (Capital Markets in Africa) – The United States Agency for International Development (USAID) (https://www.GlobalWaters.org/) has committed $3 million to the African Water Facility (AWF) (https://apo-opa.info/3JiWiOu). The funding will support the preparation of water and sanitation investment projects in Africa, through the provision of grants and technical assistance to African countries and regional economic communities. The African Water Facility, an initiative of the African Ministers Council on Water (AMCOW), is hosted by the African Development…

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

Posted on by The Editorial Team

Nigeria is a major industrial hub. It is home to energy-intensive manufacturing businesses whose operations, and growth potential, are constrained by the weakness of the country’s electricity supply. To mitigate this, industrial companies have been building their own power generation capabilities, but the result has often been the reliance on expensive and polluting diesel generators. As such, the industrial sector represents one of the country’s largest sources of greenhouse gas emissions. In most places in…

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