Private Equity |

South Africa’s Pension Fund acquires stake in Bayport Management

Port Lious, Mauritius (Capital Markets in Africa):-The Public Investment Corporation (PIC), manager of South Africa’s $150 billion Government Employees Pension Fund (GEPF), is investing $149 million in Bayport Management, the Mauritius-based financial services company. However, the size of the minority stake acquired was not disclosed. Bayport Management Limited provides unsecured loans to customers in developing markets including several in Africa. Founded in 2001, the company now has over 6,700 employees servicing over 500,000 customers through 405 branches…

IFC Supports Tech Companies with US$10mn Investment in Wamda Capital

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa) — IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA). The investment will help Wamda Capital advise entrepreneurs and provide seed funding to tech firms in Egypt, Lebanon, Jordan, and other countries. Such support is considered vital in a region where…

The Abraaj Group invests in Auvest MENASA Opportunities Fund

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Dubai, United Arab Emirates (Capital Markets in Africa) — The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. (the ‘Fund’). Through this investment, Abraaj will take on the role of cornerstone investor in the Fund, which intends to raise between US$ 250-300 million to invest in the small and medium enterprise (SME) sector across…

Pembani Remgro Infrastructure Fund raises $245 Million to Power Africa

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Johannesburg, South Africa (Capital Markets in Africa):- The Pembani Remgro Infrastructure Fund, announced today that it has achieved a successful first closing of $245 million. In addition, the Fund has received a further commitment equal to 20% of the fund size, capped at $100 million, from the Overseas Private Investment Corporation (OPIC). The formal fundraising process commenced in May 2014, with the aim of achieving final close during 2015 at a target fund size of…

AfDB approves US$50mn investment in CEC Africa Investments

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Lagos, Nigeria (Capital Markets in Africa):- The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks to acquire and develop distribution and transmission assets and complementary greenfield generation projects throughout Sub-Saharan Africa. By investing across the energy value chain (generation, transmission, and distribution), CECA aims to…

Helios invests US$100mn in Africa Oil Corp.

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London, (Capital Markets in Africa):- Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its equity interest in Africa Energy Corp. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol “AOI”….

Sovereign wealth fund’s AUM at $6 trillion at end- March 2015

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London (Capital Markets in Africa):- The 2015 Preqin Sovereign Wealth Fund Review reveals that majority of sovereign wealth funds globally have increased their assets under management over the course of 2014. The growth in assets, up from USD5.38tn in October 2013 to USD6.31tn in March 2015, has been driven by continued funding from governments and reserves, as well as from investment returns. This growth has also been in the headwind of falling oil prices, one…

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