Private Equity |

Botswana Equity Watch | 16th July 2015: Botswana equity markets indices see strong movement to the upside, market cap up BWP 238.45 mill…

Gaborone, Botswana (Capital Markets in Africa):- The BSE Equity Markets indices saw stronger movement to the upside in todays session as the DCI main and local LASI indices recorded further increases. Market capitalisation also saw further increases up by BWP 238.45 million, along with 5 price increases, ensuring the markets ended the week on a positive note. The FCI index however continued to plateau with minimal change as recorded over the last few days. The Botswana Domestic Composite Index (DCI) was up a further 18.00 points…

Nigeria: Helios and Vitol acquire equity stake in Oando’s downstream businesses

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LAGOS, Nigeria (Capitla Markets in Africa) — A consortium comprising Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and The Vitol Group (“Vitol”) (together, the “Consortium”) today announced it has reached an agreement to acquire 60 per cent of the economic rights and 51 per cent of the voting rights in the West African downstream business of Oando Plc, an integrated oil and gas company headquartered in Nigeria, for a sum of…

Zimbabwe Market Watch | June 25th 2015: Zimbabwe equities continue to show red…Market Cap dovetails by US$50 Mill

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Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red today. The industrial index fell by 0.98 percent or -1.48 points to end at 148.60 points. Market capitalization dived by US$ 50 million to end at US$3.864 billion (against US$3.901 market cap recorded at yesterday’s trading session). The Minings index remained flat today settling at 40.19 cents. The market activity remained bearish again today keeping to its…

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

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Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

Former Nigerian Central Bank Governor Joins Blackstone Africa Fund

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Abuja, Nigeria (Capital Markets in Africa) — Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of Lamido Sanusi, Emir of Kano and Former Governor of the Nigerian Central Bank, as Chairman of the Board of Directors. Black Rhino was formed in January 2012 to develop and to invest in transformational infrastructure projects in Sub-Saharan Africa’s power generation and fuel transportation sectors. “We are pleased that Emir Sanusi has agreed…

IFC is injecting $20 million in equity into Agrivision Africa

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Lagos, Nigeria (Capital Markets in Africa) —The IFC is injecting $20 million in equity into Agrivision Africa to help finance its expansion program in Zambia bia investments in supply chain optimization, development of irrigated land and to restructure its balance sheet to the appropriate gearing level. Established in Mauritius, Agrivision focuses on large scale commercial farming through three subsidiaries in Zambia, twp of which are farms growing maize, soya beans and wheat while the third is…

Financial services firm gets $20m for Africa expansion

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Port Louis, Mauritius (Capital Markets in Africa): Mauritius-based financial services firm, afb, which provides innovative consumer and SME financial products, has signed a $20 million investment deal with GEMCORP, that enables the former to hasten its speed of growth within sub-Saharan Africa. A statement from afb, quoted the firm’s chief executive officer, Karl Westvig as saying that the deal will help them extend to a number of countries within the next five years. Currently, afb…

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