Private Equity |

CDC-backed businesses in Africa and Asia create nearly 1.3 million new jobs

LONDON, United-Kingdom (Capital Markets in Africa) — CDC Group plc, the UK’s government-owned development finance institution, has today announced its 2014 annual results. The organisation, which invests to support the growth of businesses and create jobs in developing countries in Africa and South Asia, made 19 new investment commitments totalling £296.5m and reported a total return after tax of £420.2m (2013: £117.3m). New analysis also showed that CDC-backed businesses contributed to the creation of nearly 1.3…

Africa Private Equity Group raises US$1.4 billion for the African continent

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Dubai, UAE Capital Markets in Africa: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by Abraaj for the African continent in 2015 to US$ 1.37 billion, having raised US$ 990 million in April for its third Sub-Saharan Africa Fund. Abraaj North Africa…

Cauris Management sells stake in Eau Technologie Environnement

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Cotonou, Benin, Capital Markets in Africa — Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minérales d’Oulmès” (LEMO). The investment was made in 2007 and the exit represented 3.4x the fund’s initial investment. ETE is a Beninese company bottling and distributing mineral water under the brand name of FIFA Ste…

Morocco Equity Watch | 4th Aug 2015: Morocco equity markets on the rise, MADEX up 0.93%, MASI up 0.84% and Market cap tops US$60.8 Bill…

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices recorded rises today with the MASI index ending the session up and the MADEX up as the Morocco 15 and All-Liquid Index indices also recovered from losses made in previous days trading. Gains in the Casablanca Indices helped to pull up the total Market capitalisation which increased to US$60,886 billion. The Moroccan benchmark stock index (measured as MASI Index) rose by 0.84% to close at 9,888.96 from its previous close of 9,723.10 (taking the year-to-date performance to 2.79 percent). The Moroccan most active…

Zimbabwe Market Watch | 30th July 2015: Zimbabwe equities reverse back into green, industrial index up 0.58 points, market cap up US$12 Mill…

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading reversing back into the green today as it tried to close in on the the losses made earlier in the week. The market capitalisation edged up with an additional US$12 mill. The ZSE Industrial Index was up by +0.39% a leap of 0.58 points up from its previous close of 145.05 to end at 145.63 (-10.54% year-to-date and -21.01% year-on-year basis). Sentiment was not the same for the Mining Index however as…

Zimbabwe Market Watch | 21st July 2015: Zimbabwe equities climb into green…. ZSE industrial index up 0.77 points

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading in the green zone today. The industrial index climbed up by 0.16% or 0.22 points to end at 143.70 up from 143.47 points recorded at yesterday’s close (-11.72% year-to-date and -22.71% year-on-year basis). The mining index was also up 0.77 points (+1.94%) to close at 40.87 points (taking year-to-date to -44.09% and year-on-year return to -30.67% respectively). The market capitalization ended at US$ 3.773 billion up 80 million from US$ 3.765 billion while the market activity was higher today…

Morocco Equity Watch | 20th July 2015: Morocco equity markets Indices bounce back, MASI rises 59.47 points and MADEX up 44.20 points…

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets indices bounced back with gains today with the MASI index ending the session up and the MADEX also up following on from its losses rendered in the previous days trading. The Moroccan benchmark stock index (measured as MASI Index) gained 59.47 points increasing by 0.61 percent to close at 9736.46 up from its previous close of 9676.99 recorded yesterday (taking the year-to-date performance to 1.21 percent). Equally, the Moroccan most active share index (MADEX) increased 0.56 percent or 44.20 points to close at 7,979.17 points up…

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