Tag: private equity
In the wake of the COVID-19 pandemic, the continent’s major equity and investment markets saw both a naturally foreign direct investments decline and large capital outflow as investors opted for what they termed as safe bets but could this tide be reversed sooner rather than later? CNBC Africa spoke to the CEO of Juristax, NishI Kichenin.
Africa’s venture capital industry has been growing from strength to strength as 613 deals worth $3.9 billion were reported between 2014 and 2019. That’s according to the African Private Equity and Venture Capital Association. Chair of the Board of the Association and Co-founder of Alitheia Capital, Tokunboh Ishmael joins CNBC Africa for more.
As private equity investments in Africa continue to grow, Adeyemi Osindero, CEO of Uhuru Capital is poised to tap into them. His company is seeing great potential in Ghana and the broader West African block. He spoke to CNBC Africa’s Kopano Gumbi at the YPO Edge conference in Cape Town, South Africa.
2018 was an eventful year for private equity Africa. We saw the fall of the Abraaj which was the largest buyout fund in the Middle East and North Africa collapse due to a row with investors. This suggests that in 2019 they will be significant changes in the private equity industry with emphasis on stakeholder strategies. Michael Denenga, Partner at Webber Wentzel and a specialist in Private Equity and fund formation.
Insurance broker AON Kenya rebranded to Minet after British multinational AON Plc completed sale of stake in its Africa operations to South African private equity (PE) firm Capitalworks. Sammy Muthui, Managing Director of Minet Kenya spoke to CNBC Africa on the company’s new strategy, and mid to long term market plan.
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