Investec Asset Management is bullish on African retail, here’s why

PUBLISHED: Wed, 17 Jul 2019 11:21:36 GMT

Investec Asset Management completed its first private equity investment in Egypt as it bought a controlling stake in the supermarket chain Spinneys. IAM acquired the stake from the Abraaj Group, since its liquidation and financial ruin. Peter Baird, Managing Principal for Africa Private Equity at Investec Asset Management joins CNBC Africa for more.

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