Aureos Capital at the start of November launched its $400m sub-Saharan private equity fund focusing on small- to mid-market companies. The Aureos Africa Fund was launched after feasibility and due diligence studies funded by the Commonwealth Secretariat.
Africa will have a large role in US$750m Actis Infrastructure 2 fund, which closed on 6 October. The pan-emerging markets fund focuses on power generation and transport.
The International Finance Corporation (www.ifc.org), a member of the World Bank Group, is investing $100 million into bringing the benefits of better telecommunications to many Nigerians via Helios Towers Nigeria Ltd.
Private equity and venture capital opportunities in Africa, billed “the world’s fastest-growing continent”, are on the agenda of the African Venture Capital Association (AVCA) 8th Annual Conference (http://www.avcaegypt2009.com).
The Kenya Electricity Generating Company (KenGen) has received regulatory approval from the Capital Markets Authority for a corporate bond with a nominal value (face value) of KSh15 billion (US $196.8 mln). The offer is open from 8-29 September.
The International Finance Corporation (IFC) announced that it committed to $1.8 billion worth of new investments across 30 countries in Africa in the fiscal year ended June 2009.
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).
West African private equity fund manager African Capital Alliance (ACA) announced the first closing after raising US$200 million for Capital Alliance Private Equity III (“CAPE …