Funds

Capital raising

Africa scores in new $750 million infrastructure fund

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.

Exchange news

Kenyan private equity firm trades “Over The Counter”

A leading Kenyan stockbroker says local investment company TransCentury already trades “Over The Counter” and plans to list its shares for trading on a stock exchange.

Capital raising

Private equity $25 mln for East African media and telecoms

Emerging Capital Partners (ECP) announced on 22 September it has committed $25 million to Wananchi Group Holdings

Capital raising

Top African venture capital meeting (AVCA) coming to Cairo

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).

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 …