Blackstone Group News

Aliko Dangote, Chairman, Dangote Group

Africa's Richest Man to Invest Up to $50 Billion in U.S., Europe

Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals.

Sub-Saharan Africa & private equity approaches to enhancing economic development: ODI

Sub-Saharan Africa & private equity approaches to enhancing economic development: ODI (Infographic & Report)

Private equity has been the fastest growing flow to the region with a five-fold growth rate and more than $50 billion of inflows since 2008. Private equity now comprises approximately $12 billion annually and 20% of cross-border capital flows.

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.

Dominique Lafont, Senior Advisor, KKR

KKR to invest $100M in Africa over the next year and make Nigeria regional base

KKR & Co. L.P. might be turning to Africa as its next hotspot for private equity investments.

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.

Airbnb

House sharing service Airbnb plans Africa expansion

Airbnb is hoping to spread its unique brand of hospitality throughout Africa. The San Francisco company, which allows people to rent rooms in their private homes to travelers over the Internet, held an event July 27 in Johannesburg, where Airbnb Chief Executive Officer Brian Chesky walked local reporters through the company’s ambitions in the world’s second-most populous continent.

Afriflora, a rose farm in Ethiopia, attracted a $200M investment from private equity powerhouse KKR last year.

From milk to roses, private equity investments in Africa on the rise

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising as funds seek bumper returns in far-flung markets.

Nigerian billionaire business man Aliko Dangote. Credit: Benedicte Kurzen/NOOR/theafricareport.com

Billionaire Aliko Dangote's smooth landing

With a new government in power, the business magnate is betting on his huge refinery and agriculture projects taking off. Meanwhile, Dangote Cement continues an expansion plan that has left others scrambling to catch up.

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.

There is no better moment to invest in Africa than now

There is no better moment to invest in Africa than now

Home to the world’s youngest population, untapped natural resources and a growing middle class, Africa has become the target for investors keen on high returns.

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.

Addis Ababa, Ethiopia

Ethiopia predicts record $1.5B foreign direct investment in 2015

Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies.

The Abraaj Group

Private equity firm Abraaj raises $1.3B for Africa investment

Emerging markets private equity group Abraaj has raised more than $1.3bn for two funds investing in Africa, the largest amount amassed for direct deals across the continent, people aware of the matter say.

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).

Johannesburg, South Africa

Investors keep an eye on the big picture in Africa, in spite of short-term challenges

Concerns about the scale of the Ebola crisis and plunging commodity prices would have had investors fleeing Africa not that long ago. But dealmaking in the sub-Saharan region is buoyant as most investors set aside short-term worries and bet big on growth.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

David Rubenstein, Co-Founder & Co-CEO of the Carlyle Group

Carlyle Group buys 18 percent stake in Diamond Bank for Nigerian expansion

Carlyle (CG) Group LP invested $147 million in Lagos-based Diamond Bank Plc (DIAMONDB) as it seeks to expand in Africa’s largest economy.

Olusegun Obasanjo, former president of Nigeria, urges investors to consider social impact when putting money into Africa.

Nigeria's former President, Olusegun Obasanjo, urges investors to focus on inclusive growth

Nigeria’s former president warned investors at an African business summit in London they should focus on promoting “inclusive growth” if they want to avoid triggering social strife.

A mixed use high density development stands as part of the Wescape real estate project in Cape Town, South Africa, in this undated handout illustration.

Building a Boston in Cape Town: $13B dream rises from ashes of apartheid

David Pearson has a vision: a new community of 800,000 — bigger than Boston — complete with factories, schools, clinics and a university that will help erase the legacy of apartheid in Cape Town.

Board Room

Global private equity players increasingly look to Africa as investment on the continent doubles in 2014 H1

The value of global private equity deals targeting Africa has more than doubled (137%) in the first half of 2014 compared to the same period last year, according to research by global law firm Freshfields Bruckhaus Deringer.

Runa Alam, CEO, Development Partners International

African investors discover routes to riches beyond commodities

Legend never had it that there would be diapers, foam mattresses, tampons and bottled water at the end of the rainbow.

DP World wants to forge ahead with more investments despite a legal battle to keep hold of its concession to run Djibouti’s container terminal, above.

Africa offers UAE investors outsize returns

UAE companies and sovereign wealth funds including DP World and Investment Corporation of Dubai (ICD) are keener than ever to invest in Africa.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote says further deals with Dubai may run into billions of dollars

Africa’s richest man, Aliko Dangote, said further deals with the Investment Corp. of Dubai may run into billions of dollars after the Emirati holding company invested $300 million in his cement business last month.

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.

A nurse wears a special uniform to be protected from the Ebola virus at a state hospital in Kenema, Sierra Leone, in August 2014.

Ebola a long-term 'blip' for Africa investors

When Africa investment consultant Melissa Cook landed in Abuja last week, Nigerian airport workers took her temperature for signs of Ebola.

Penny Pritzker, US Commerce Secretary, at the US-Africa Business Forum

Africa Summit Set the Stage for US Business. Now What?

As the dust settles after the U.S.-Africa Leaders’ Summit that took place in early August in Washington, a clearer picture is emerging of what it achieved.

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.