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.
PE Industry News
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.
While almost half of global endowments and foundations are planing to increase their private equity exposure in 2017, institutions in Southern Africa are still lagging behind their peers, Africa Global Funds has learned.
One of the most underutilised opportunities to drive economic growth in South Africa is through the investment of private equity, according to Paul Boynton, CEO of Old Mutual Alternative Investments.
Nigeria has the capability to become one of the most significant leaders in Africa’s financial technology innovation, according to Irrational Innovations, a venture capital fund focused on fintech in Africa.
Taaleri, a Finnish private equity fund and financial services group, has announced plans to invest Sh10bn ($98m) in East and South African real estate projects, Business Daily reported.
Village Capital has partnered with Schooner Africa Fund to launch the Africa Investment Marketplace that will invest between $100k and $500k in early stage agritech startups in East Africa.
Following the $2.2m investment put up by Proparco and I&P in August 2016, Enko Education has opened its first international school in South Africa - Enko Ferndale International School.
Private equity investment in African infrastructure has been an emerging theme over the past decade, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
The Private Equity Women Investor Network (PEWIN), a global networking organization for senior women in private equity, has expanded to Nigeria, following the formal launch of PEWIN Africa earlier in the year, in South Africa.
The current investment cycle has identified increased investor interest in Morocco, which remains the leading country for investment in North Africa, according to the African Private Equity and Venture Capital Association (AVCA).
South African private equity industry delivered a 10-year internal rate of return (IRR) of 18.1% at the end of June 2016, down from 19% reported in the previous quarter, ending March 31, 2016.
Africa's financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to the Institute of Chartered Accountants in England and Wales (ICAEW).