Private equity giant Carlyle says it may make Sub-Saharan Africa deals early next year

Marlon Chigwende, Managing Director and Co-Head, Sub-Saharan Africa Buyout Advisory, Carlyle

Carlyle Group LP, the world’s second-largest manager of investment alternatives to stocks and bonds, said it may announce new purchases for its sub-Saharan Africa fund early next year as it forecasts the region will grow faster than all other areas except India and China.

“We’re looking at companies in Nigeria, South Africa, Mozambique, Zambia and Kenya as well as some pan-African businesses,” Marlon Chigwende, manager of the $698 million African fund, said by phone from London on Monday. “It’s a very busy time, but this year-end might be a little too soon for us to announce anything.”

Read more: Carlyle Says It May Make Sub-Saharan Deals Early Next Year – Bloomberg Business