Capital raising

Capital raising

$8 bn for African ICT

US$8 billion was invested in developing Information and Communications Technology (ICT) in Africa in 2008, according to the Secretary-General of International Telecommunications Union (ITU).

Capital raising

Kengen issues $197 mln bond for 500 MW more electricity

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.

Capital raising

IFC’s notable transactions in year to June 2009

The International Finance Corporation (IFC), part of the World Bank group, committed investments in the following African countries last year: Angola, Benin, Burkina Faso, Burundi, …

Capital raising

IFC aims to mobilize $15 bn for Africa over 2-3 years

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.

Capital raising

AUREOS Africa Fund reaches $318 mln

Aureos Africa Fund has increased funds under management to US$318 million

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).

Capital raising

West Africa private equity fund raises US$200 million

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 …