African PE firm buys stake in Slovakia-based ESET
. Pan-African ICT private equity firm Convergence Partners has bought a minority stake in ESET East Africa, a regional cybersecurity company. Convergence Partners signed the deal with ESRO Limited, ESET East Africa’s parent company, last week in Cape Town during... Read More →
SA is not Alone, Africa has a Plethora of Countries that have Junk Status, here’s the List…
South Africa is among a plethora of countries on the continent whose long-term foreign currency credit rating is rated junk by S&P Global Ratings whilst Botswana is the only country with a very strong investment grade. According to the table... Read More →
Shareholder Wars Rock Planned Sale of Zuku TV
Owners of Internet and pay TV service provider Zuku have been thrust into a vicious boardroom war sparked by plans to sell off Wananchi Business Services — the unit that deals in corporate data services. The company’s founder, Richard Bell,... Read More →
Tunis Equity Firm Seeks to Raise Sh22bn to Invest in Africa Banks
Tunis-based private equity fund AfricInvest is targeting to raise €200 million (Sh21.8 billion) through a new fund that will invest in Africa’s banks. The PE firm, which invested in and exited Kenya’s Family Bank, says it has launched the AFSH... Read More →
AFDB Discloses a $12bn Power Plan for Africa
The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will support its New Deal on energy for Africa which aims to achieve universal access to... Read More →
Carlyle Spends $587M for Shell’s Gabon Assets
The Carlyle Group is investing $587 million from two of its funds to acquire international oil major Royal Dutch Shell’s onshore assets in Gabon. The transaction is being executed through Assala Energy, an oil and gas exploration and production company... Read More →
Dangote Group Plans to become a $100bn Company
Dangote Group Plans to become a $100bn Company
Why Invest in Africa? The Big Picture
While the last couple of years have been tough for African equities and currencies, we believe the long-term case for investing in Africa remains intact. The worst commodities bust in a generation, the strengthening of the U.S. dollar and indigestion... Read More →