Private Equity Africa |

AfricInvest and Amethis acquire a minority stake in CFG Bank

RABAT (Capital Markets in Africa )- AfricInvest and Amethis, leading pan-African mid-cap-focused private equity firms, are pleased to announce the closing of a minority equity investment in CFG Bank (“CFG”), a pioneering investment bank which is now extending its activities to become a universal bank. Established in 1992 by Adil Douiri and Amyn Alami, CFG initially operated as a capital markets investment advisor for retail clients, and soon became a leader in investment banking services…

MTN Focused on Preparing for Nigerian Unit IPO in Six Months

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – MTN Group Ltd. is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, Chief Executive Officer Rob Shuter said. “We have a lot of advisers running around getting everything ready,” he said in an interview with Bloomberg TV on Wednesday. “It’s a complicated process and there’s a lot of regulation that needs to be arranged. We are…

INTO AFRICA July 2017 Edition: Navigating African Legal Landscapes

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Welcome to the July edition of INTO AFRICA, the publication with fresh insight into Africa’s Emerging capital markets. This month we take a look at investment in Africa with a focus on laws and regulations for private and foreign investments across African countries (from Southern Africa to North Africa and East Africa to West Africa as well as Mid Africa regions) and titled: Navigating African Legal Landscapes. Economic recession in Africa,…

Fairfax Financial Holdings to Raise $500 Million for Africa Fund

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LAGOS (Capital Markets in Africa) – Prem Watsa’s Fairfax Financial Holdings Limited is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according…

Home-grown African wealth funds seeking foreign partners to fix infrastructure gap

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LAGOS (Capital Markets in Africa) – Africa, famously short of new roads, ports and power stations, is increasingly leaning on its own sovereign investment funds to help fix its infrastructure gap. The funds – which have around $150 billion between them, according to research firm Preqin – are digging in themselves and offering co-investment opportunities and guarantees to attract foreign capital. The scale of the problem is huge – some 600 million Africans, or half the…

LeapFrog secures a majority stake in GoodLife Pharmacy, Kenya

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NAIROBI (Capital Markets in Africa) – LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a US$22mn majority stake in Kenya’s GoodLife Pharmacy, the largest direct investment in the East African retail pharmacy sector to date. LeapFrog will now build on its financial services specialism by diversifying its private equity investments into a closely linked sector – healthcare. This will develop a platform that combines both payers and providers, thereby…

South Africa’s M&R exits infrastructure sector with $23 million sale

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Murray and Roberts (M&R) has sold its infrastructure and building business for 314 million rand ($23 million) as part of its drive to focus on projects for the global natural resources sector, it said on Tuesday. The engineering and construction group said in a statement it sold the business to Firefly Investments, which represents a consortium led by Southern Palace Group of Companies Proprietary Limited, a black-owned…

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