There appears to be a gradual, yet notable shift in the approach taken by both South African and global private equity fund managers towards fund structuring, according to the Southern African Venture Capital and Private Equity Association (SAVCA).
PE Industry News
South Africa remains the continent’s leading foreign direct investment (FDI) destination, when measured by project numbers, which increased 6.9% year-on-year, according to EY’s Africa Attractiveness report.
The number of exits achieved by private equity firms in Africa is trending upwards, evidenced by a record number of exits in 2016.
In Africa, M&A activity has dropped since the last quarter results, but there are still massive opportunities for M&A investment on the continent, according to Baker McKenzie.
As Environmental Social and Governance (ESG) factors gain prominence in the international investment community, sustainable investing has also improved in Africa, according to a new research.
African Rainbow Capital (ARC) a diversified black-owned financial services company, has launched ARC Real Estate, a joint venture between African Rainbow Capital and the Buffet KLT consortium.
The Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017, according to African Infrastructure Investment Managers (AIIM).
Mediterrania Capital Partners, a regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has become a signatory of the United Nations Principles for Responsible Investment (UNPRI).
South Africa’s venture capital ecosystem is evolving, with more fund managers entering the industry and growing investor interest in the asset class, according to Tanya van Lill, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Cupric Canyon Capital's wholly owned subsidiary, Khoemacau Copper Mining (KCM), has entered into a $50m term loan facility agreement with Red Kite Mine Finance to provide funding for Khoemacau copper-silver project in Botswana.
Development Partners International (DPI) has become a signatory of the United Nations Principles for Responsible Investment (UNPRI), the world's leading advocate of responsible investment.
The shareholders of the Sindila hydropower project have announced that the 5.25MW run of river project achieved financial close on January 30, 2017 and has commenced construction.
The South African M&A market is predicted to grow by 66% in the next two years, according to the Global Transactions Forecast issued by Baker McKenzie in association with Oxford Economics.
Impact investing is increasingly becoming an effective driver of socio-economic development in South Africa, particularly in the education space, Africa Global Funds has learned.