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Private Equity in Africa: Emerging Trends

LAGOS (Capital Markets in Africa) – Private equity in Africa has come a long way since the early 1990s, which saw development financial institutions (DFIs) investing in government initiated development projects across the continent. The period that followed was characterised by the emergence of a limited number of South African focused PE funds, which over the next decade started to invest more widely across the continent. By 1997, there were 12 private equity funds that…

Private Equity | Oasis Capital achieves first close at US$27mn

Posted on by The Editorial Team

LAGOS, Capital Markets in Africa: Oasis Capital Ghana has completed the first close of its second fund, Oasis Africa VC Fund (OAF) at US$27mn. The Fund, anchored by the Dutch Good Growth Fund (DGGF) at US$5mn, has secured commitments of US$7mn from the International Finance Corporation (IFC) and over US$15mn from a local investor base of 5 institutions and individuals. OAF will invest in Small and Medium Enterprises (SMEs) in Ghana and Cote d’Ivoire providing…

The illicit flow of funds moves billions of dollars in Africa — Thabo Mbeki

Posted on by The Editorial Team

LUANDA, Angola, Capital Markets in Africa — The continent of Africa loses over 50 thousand million dollars each year as a result of the illicit flow of funds, Thabo Mbeki (former president of South Africa and now head of the UNECA-AU High-level Panel on Illicit Financials Flows From Africa) told the meeting of the Group of African Governors affiliated with the World Bank and the International Monetary Fund, known as the African Caucus. “Africa faces the…