May 4, 2011


Kingdom Zephyr expands into Nigeria

Leading Africa private equity firm Kingdom Zephyr Africa Management Company announced the opening of its new office in Lagos, Nigeria. It has $615 million under management and operates out of Accra, Johannesburg, Lagos, London and New York.

Other Countries

Vital impact PE fund raises $250 m and invests in Angolan housing

A private equity fund that does “impact investing” in housing, agriculture, education and health says it has raised more than $250 million for its first fund, Vital Capital Fund I. It says it aims to invest in Angola, Ghana and Mozambique.


Funds flows into African private equity – $1.5bn in 2010

Funds inflows into private equity in sub-Saharan Africa including South Africa (SSA) were $156 million in the first quarter of 2011, according to research by the Emerging Markets Private Equity association. In 2010 fund-raising had soared to $1.49 billion.


ECP announces new CIO for giant African private equity fund

Pan-African private equity specialist Emerging Capital Partners today announced that Andrew Brown is appointed Chief Investment Officer (CIO) in a new position. He will join the investment committee of the $613 million ECP Africa Fund III, which closed in June 2010 and has made 4 investments.


Africa climbs as attractive private equity destination, survey

Africa is soaring in its attractiveness to global private equity investors. Over the next 2 years, nearly 30% of global LPs plan to expand PE investments in sub-Saharan Africa (including South Africa) and nearly another 10% plan to start investing. This puts Africa is ahead of markets such as Turkey, the Middle East and North Africa region, Russia/CIS, and Central and Eastern Europe.

Exchange news

Ethiopia aims for IFRS for medium and large enterprises

A panel is working on a proposed bill, the “Financial Report Proclamation of Ethiopia”, which could bring fundamental changes to Ethiopia’s financial reporting system by requiring compliance with international financial reporting standards (IFRS).