July 30, 2009

Capital raising

Emerging Capital Partners targets North Africa construction

Emerging Capital Partners announced it has bought controlling stakes in Shoresal and Almes – both North African construction companies – for a total USD $26.2 million (www.ecpinvestments.com).

South Africa

Investec strengthens balance sheet ahead of SA recession

With South Africa’s recession expected to hit profits, specialist investment banking group Investec said on 28 July it would place up to 22 million new …