Investment | - Part 35

Kenyan Bank Jamii Bora Seeks Investor as it Considers Listing

NAIROBI, Kenya, Capital Markets in Africa: Jamii Bora Bank Ltd., a Kenyan micro-lender, has begun the search for a strategic investor to inject 3 billion shillings ($29.6 million) to fund its expansion as it considers listing on the domestic stock market, Chief Executive Officer Sam Kimani said. The bank is courting private-equity investors and other lenders as potential investors, Kimani said June 21 in an interview in the capital, Nairobi. In April, the company raised 1.2 billion…

World’s 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund. Supply and demand for oil are coming back into balance, and the response of shale producers to rising prices will help determine how high crude can go, Christof Ruehl, the global head of research at Abu Dhabi Investment Authority,…

Infrastructure | Africa’s longest running Public Private Partnership conference comes back to London

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LONDON, UK, Capital Markets in Africa: The 8th Africa Public Private Partnership Conference and Showcase (APPP) will once again be held in London due to popular demand and will showcase investment opportunities and planned infrastructure development projects from across Africa. Organised by AME Trade, the event will take place from the 24 – 26 October 2016 at the Radisson Blu Hotel, London, UK building on the success of the previous editions. Over the past 7…

Investment | Helios acquires majority stake in Telkom Kenya

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Nairobi, Kenya, Capital Markets in Africa: UK private equity firm, Helios Investment Partners, today announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) following receipt of regulatory approval. The transaction also included an increase in the shareholding of the Government of Kenya (GoK) in Telkom Kenya from 30% to 40%. Babatunde Soyoye,…

Investment | Mediterrania Capital Partners invests in MedTech Group, Morocco

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Casablanca, Morocco, Capital Markets in Africa: Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and sub-Saharan countries, announces the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s leading IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM. With 25 years of experience in the IT industry, nowadays MedTech is operating…

Finance | Investec Plans to Raise 145 Million Pounds to Boost Capital

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Johannesburg, South Africa, Capital Markets in Africa: Investec Plc plans to raise as much as 145 million pounds ($209 million) by selling equity to buy back preference shares it and other South African banks issued about a decade ago, mainly to fund transactions aimed at boosting black ownership of the economy. The offer involves placing up to 30.87 million ordinary shares in the company in an accelerated book build being arranged by JPMorgan Chase & Co.,…

Opportunity | Nigeria Telecommunications Industry Grows Despite Economic Woes

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LAGOS, Nigeria, Capital Markets in Africa: Growth in Nigeria’s telecommunications industry picked up in the three months through March even as the economy shrunk for the first time in more than a decade, according to a government report. Telecommunications expanded 5 percent in the first quarter, compared with 3.5 percent in the three months through December, and contributed 8.8 percent to gross domestic product, the Nigerian Bureau of Statistics said in a report on Thursday. The economy contracted by 0.4…

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