Silk African Food Fund munches into Ethiopian biscuits
The Silk African Food private equity fund, run by UK regulated specialist asset manager Silk Invest Ltd, has acquired a significant minority equity stake in NAS Foods Ltd., a biscuit maker in Ethiopia.
Silk Invest says Egypt elections will be turning point
Mark Voss of fund manager Silk Invest foresees a turning point for the Egyptian market in a recent note. He also notes growth in Tunisia, with companies back to pre-revolution levels, tourism boom in Morocco, giant growth in Ghana and telecom payments innovation in Kenya.