Denham Capital, a global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, have partnered to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020.
PE Industry News
Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Hotel markets in Cairo and Cape Town have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate (CAGR) for revenue per available room (RevPAR) was up 14.9% for the 2011 to 2015 time period.
Kipeto Energy has signed a 20-year Purchase Power Agreement (PPA) with Kenya Power (KPLC), representing a significant milestone for the development of the 100-megawatt (MW) wind power project in Kenya.
BUSINESS/PARTNERS, a risk financier for SMEs in South Africa and selected African countries, seeks to invest in excess of R1.2bn in SMEs during the 2016/2017 financial year.
The Mara Group, Atlas Merchant Capital and General Electric have announced an initiative to create a joint venture dedicated to investing in the highly underdeveloped African infrastructure sector.
Mediterrania Capital II cumulative portfolio sales have reached €195m, representing 18% year-on-year growth, according to Mediterrania Capital Partners's financial results.
As Nigeria’s currency plumbed new lows, the nation’s minister for investment, trade and industry rebuked those obsessing over the prospect of a devaluation.
Since January 2014, exchange rate movements have subtracted value from realized private equity investments in emerging markets of nearly 60% of respondents of the latest EMPEA survey, with several respondents estimating losses of $500m.
The last four years have seen an increase in private equity market multiples on the African continent, according to Bright Africa, an ongoing research endeavor from RisCura.
Quantum Global Group has agreed to invest approximately $50m in new plantation establishment, infrastructure and wood processing industries in Angola over the next five years.
Private equity exits in Africa reached a 9-year high in 2015, even as firms held onto their investments longer due to economic uncertainty, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
The African Private Equity and Venture Capital Association (AVCA), a pan-African industry body which promotes and enables private investment in Africa, has announced the launch of its newly inaugurated Sustainability Committee.
The allocation by pension funds in Southern Africa to private equity remains limited, according to the findings of a recently released survey report by the Southern African Venture Capital and Private Equity Association (SAVCA).