• Investec Asset Management spins out

    Investec is working on plans to spin out its asset management business now valued at approximately billion billion in assets under management Investec Asset Management IAM will also be listed on the London Stock Exchange with additional listing on the Johannesburg Stock Exchange JSE The spin out and listings are subject ...

    CONTINUE READING...
  • Africa fundraising thaws

    Fundraising for Africa is showing signs of thawing with figures in the first half of coming in at a moderate improvement over the same period last year Fundraising for private equity in the first six months of the year closed at higher year-on-year at million in interim and fund closures This ...

    CONTINUE READING...
  • China plans $10bn Africa fund

    China s President Xi Jinping has revealed plans to set up a development finance fund with a billion commitment for Africa This is part of the larger billion commitment to Africa in the three years to Details of the fund are yet to be disclosed The billion is the same amount ...

    CONTINUE READING...
  • UK in Africa tech push, as part of £8bn drive

    The UK government has set out initiatives to boost investments into Africa and strengthen ties with the continent as it exits the European Union The government has plans to push about billion billion into the continent with ambitions to become the largest G investor into Africa with the technology sector taking ...

    CONTINUE READING...
  • ECP tops OPIC Africa fund commitments

    Emerging Capital Partners ECP has received the most capital from Overseas Private Investment Corporation OPIC historically compared to other GPs with vehicles dedicated to Africa OPIC has backed funds historically six of which it has now exited ECP has historically received an aggregate of million spread across four funds including an ...

    CONTINUE READING...
  • Africa’s dry powder drops 20%

    Africa s private equity dry power has dropped by almost a year-on-year as fund managers deploy capital at a faster rate than they are fundraising This is against a backdrop of aggregate emerging markets dry powder across emerging markets rising almost Africa had the highest drop in dry powder at year-end ...

    CONTINUE READING...
  • OPIC names new funds head

    The Overseas Private Investment Corporation OPIC has named Frank Dunlevy as its new vice president and head of investment funds He has also been named counsellor to OPIC president and chief executive officer Ray Washburne who was appointed by US president Donald Trump in Dunlevy replaces Lynn Nguyen who took over ...

    CONTINUE READING...
  • Swedfund profits boosted by Africa exit

    Swedfund's latest annual figures have been bolstered by an Africa exit a deal sold to Abraaj in boosting year-on-year earnings by over times Swedfund brought earnings before interest and taxes Ebit of approximately million kr million in the year ending December This was a x year-on-year rise from the kr million ...

    CONTINUE READING...
  • CDC’s funds & direct equity heads to depart

    CDC s head of direct equity investments Mark Pay pictured and head of the intermediated equity team Murray Grant will be leaving the firm The duo will be departing the development financier at the end of the year CDC has not named any replacements yet Pay has been managing director and ...

    CONTINUE READING...
  • OPIC sets up $1bn Africa platform

    The Overseas Private Investment Corporation OPIC has created Connect Africa a platform that is set to invest about billion in Africa s technology and infrastructure spaces The platform will back direct deals in the sectors covering with special interest in roads railways ports and airports as well as logistic-focused companies covering ...

    CONTINUE READING...

Editor's Choice