NEWS & VIEWS

Global private equity and venture capital news and research

Africa

19 September 2012

Soros, IFU back African sustainable business CleanStar Mozambique

Sustainable investment firm the Soros Economic Development Fund and the Industrialization Fund for Developing Countries (IFU) have invested close to $9m in food, energy, and forest protection business CleanStar Mozambique.

17 September 2012

OPIC commits $360m to funds in Africa, Indonesia, Russia

The Overseas Private Investment Corporation (OPIC) has approved $360m in financing for three investment funds in Africa, Russia and Indonesia.

10 September 2012

Gaurav Garg joins Mercer as region leader for growth markets

Institutional investment consultant Mercer has appointed Gaurav Garg as region leader for growth markets, incorporating Mercer’s businesses in Asia, Middle East, Africa and Latin America.

10 September 2012

US government partners with Abraaj Capital for MENA SME fund

gulf-flags-middle-east-mena US development finance institution OPIC has committed $150m to Abraaj Capital’s latest SME fund focused on the Middle East and North Africa.

4 September 2012

Actis bolsters Africa team with former Bain & Co hire

London-based emerging markets investor Actis has appointed former Bain & Co consultant James Smith as a director in the firm’s Johannesburg office.

30 August 2012

Nigeria launches $15m state-backed venture fund for ICT sector

Nigeria’s Information Technology Development Agency is to cornerstone a new venture capital fund focusing on the country’s information, communications and technology sector.

27 August 2012

Fajr Capital takes secondary stake in MENA Infrastructure Fund

Islamic investment firm Fajr Capital has acquired Dubai International Capital’s stake in the MENA Infrastructure Fund, $300m infrastructure asset manager established in the Dubai International Finance Centre.

20 August 2012

Abu Dhabi’s Masdar Capital loses head of investments

masdar_cinneide_170sq Alex O’Cinneide has left Abu Dhabi’s Masdar Capital, where he has served as head of investments for the state-backed fund manager since January 2007.

14 August 2012

African Development Corporation takes majority stake in BancABC

African Development Corporation, a listed financial services group focusing on investments in sub-Saharan Africa’s banking and insurance markets, has become the majority shareholder in BancABC as a result of the underwriting of its recently finished rights offer.

10 August 2012

MENA’s venture industry grows despite region’s macro challengesp

While the Middle East and North Africa’s VC industry is still in the early phases of development, the rise in activity reflects increased optimism for the region, as venture capital activity in MENA increased by 28 per cent in 2011.

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