Black Rhino Group News

Ethiopia has the potential to generate 45,000 megawatts of hydropower

Blackstone's Black Rhino looks at renewable power investments in Ethiopia

Black Rhino, owned by funds of U.S. investment company Blackstone Group, said on Wednesday it was looking at investments in Ethiopia’s power generation sector.

Ethiopia & Djibouti agree on Blackstone-backed $1.6B fuel pipeline

Ethiopia & Djibouti agree on Blackstone-backed $1.6B fuel pipeline

Ethiopia and Djibouti signed an agreement for a $1.55 billion fuel pipeline with developers Mining, Oil & Gas Services and Blackstone Group LP-backed Black Rhino Group.

Aliko Dangote, CEO, Dangote Cement

Dangote Seeks Zimbabwe Investments in Cement, Power, Mining

Aliko Dangote, Africa’s richest man, is considering investments in Zimbabwe’s cement, power generation and coal-mining industries as part of an expansion in the southern African nation.

US private equity firm KKR made its maiden investment in Africa in 2014, spending $200M on a stake in an Ethiopian flower farm.

Private equity giant KKR hires ex-Bolloré Group executive Dominique Lafont to head push into Africa

KKR appointed the former chief executive of Africa’s biggest ports and logistics network as a senior adviser, in a sign the private equity house is looking to invest in the region’s infrastructure.

Sudanese billionaire Mo Ibrahim has partnered with TPG to invest up to $1 billion in Africa.

Private equity power house TPG and billionaire Mo Ibrahim partner to invest up to $1 billion in Africa

TPG, one of the world’s largest private equity firms with $70 billion in assets under management, plans to invest up to $1 billion in Africa in a partnership with Sudanese billionaire, Mo Ibrahim.

Lamido Sanusi, Emir of Kano and former Governor of the Central Bank of Nigeria (CBN)

Blackstone and Black Rhino announce appointment of Lamido Sanusi, Emir of Kano and former Central Bank of Nigeria Governor, as Chairman of Black Rhino

Funds managed by Blackstone (NYSE:BX) and Black Rhino today announced that His Highness Emir Muhammad Sanusi II will join Black Rhino’s Board of Directors as Chairman.

Aliko Dangote, billionaire and chief executive officer of Dangote Group, pauses during a session at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2015. Photographer: Jason Alden/Bloombergp

Africa's richest man Aliko Dangote courts Blackstone to boost Nigerian gas

Aliko Dangote, Africa’s richest man, plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms.

Stephen A. Schwarzman, Chairman and CEO, The Blackstone Group

Blackstone eyeing power generation and distribution opportunities in Africa: Stephen Schwarzman, Chairman and CEO, The Blackstone Group

Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group (BX.N), which is focusing on infrastructure projects involving power generation and transmission.

Nigeria: Racing ahead with ambitious infrastructure plans

Nigeria - Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)

Nigeria is a country of vast economic opportunity. It famously became the biggest economy in Africa in 2014, after an economic rebase almost doubled the size of its gross domestic product (GDP). At about $510bn, its economy is now bigger than South Africa’s (and among the top 30 in the world).

Aliko Dangote, Chairman, Dangote Group

In Africa's oil capital, Africa's richest man built an empire on sugar

As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.

US-Africa Business Forum - An interview with Aliko Dangote, CEO of Dangote Industries, and Stephen Schwarzman, CEO of Blackstone

US-Africa Business Forum: An interview with Aliko Dangote, CEO of Dangote Industries, and Stephen Schwarzman, CEO of Blackstone (Video)

Dangote Group President and CEO Aliko Dangote, Blackstone CEO Stephen Schwarzman and Brian Herlihy of Black Rhino announce and discuss new deal at the U.S.-Africa Business Forum.

Aliko Dangote

Aliko Dangote, Africa's richest man, partners with Blackstone and Carlyle for Africa investments

Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure.