Other Countries

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).

Exchange news

Zimbabwe Stock Exchange to demutualize

The process of demutualizing the Zimbabwe Stock Exchange has begun, according to Chief Executive Emmanuel Munyukwi, quoted in The Herald local newspaper. By selling shares …

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 …

Exchange news

No trading on Rwanda’s Over The Counter Market

No trading on Rwanda’s OTC market for at least two days this week.