Private Equity

JOHANNESBURG (Capital Markets in Africa)  – The suspended chief financial officer of South Africa’s cash-strapped power utility resigned a day before he’s due to face a parliamentary inquiry on mismanagement of funds and two days after the government overhauled the company’s board. Eskom Holdings SOC Ltd. received a letter of resignation from Anoj Singh’s attorneys Monday, the Johannesburg-based electricity producer said by email. He resigned with immediate effect, it said. Eskom suspended Singh in late September…

YAOUNDE (Capital Markets in Africa) – Transport authorities in Cameroon and Chad are looking for a company to carry out feasibility studies for the construction of a rail link between the neighbouring Central African countries. “Apart from designating the firm to conduct the studies, we’re also looking for a contractor for the project,” Cameroon’s Transport Minister Edgar Alain Mebe Ngo’o said in an interview in the capital, Yaounde. The railway is estimated to cost 5 trillion…

CASABLANCA (Capital Markets in Africa) – Abraaj Group, a buyout firm focused on emerging markets, hired Citigroup Inc. and EFG-Hermes Holding SAE to manage an initial public offering or sale of its North African hospitals business, according to people familiar with the matter. The private equity firm plans to list the business or find a buyer during the first half of the year, the people said, asking not to be identified as the information is private. The…