The number of exits achieved by PE firms in Africa is trending upwards, evidenced by a record number of exits in 2016.
In EY‘s fourth annual analysis of private equity exits in Africa, it finds that even amidst economic uncertainty, private equity saw strong exit volume in 2015, bringing exits to a nine-year high.
The fundamental precept of Private Equity (PE) is to transform a company and improve it, thus allowing it to achieve its full capability by enhancing its operational structure.
Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.
Global Alternative Asset Manager The Carlyle Group announced last week that it has agreed to acquire a majority share of CMC Networks.
Sub-Saharan Africa is a diverse region that presents risks, challenges and opportunities for the insurance industry. No “one-size-fits-all” approach is likely to succeed across individual markets and countries.
We are at an inflection point in terms of the structural evolution of most African economies. Decisions made and actions taken now will determine, which of these economies consolidate the gains made over the past decade as a platform for sustainable growth in coming decades.
While Africa’s 2015 GDP is down 1.2% from 4.6% in 2014, it is still among the fastest growing regions in world.
African private equity firms cashed in on investments last year at the highest rate in almost a decade, with South Africa, Egypt, Nigeria and Kenya accounting for two-thirds of these exits.
Nigeria‘s capital city of Abuja is about to get a new heart: a brand new World Trade Center complex. The development is expected to open to the public early next year after the completion of the first phase of construction.
In this two-part interview, [email protected] takes a look at the state of play in private equity in Africa and at prospects for emerging markets more generally, based on a conversation with Michael Rogers, EY’s global deputy private equity leader, and Stephen M. Sammut, senior fellow and lecturer at Wharton.
This report analyzes three of the largest Sub-Saharan Africa banking markets: South Africa, Nigeria & Kenya. The report also includes Tanzania, Uganda and Rwanda, members of the
East African Community (EAC) regional bloc.
In our inaugural report, we countered popular opinion about PE in Africa to prove that the industry was making excellent progress in exiting its portfolio companies. We also provided evidence of genuine value creation by PE firms in the region through hands-on involvement in the companies they back.
Geopolitical tensions and weak economic growth led to a 3.1% decline in greenfield FDI projects worldwide in 2014. FDI projects in Africa fell 8.4%, but remained well above pre-2008 levels. However, capital investment into the continent surged to US$128b, up 136%. And FDI created 188,400 new African jobs, a 68% increase.
Private equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors.
Six years ago, the Sea Cable System (Seacom), the first undersea broadband cable along Africa’s eastern and Southern coastlines, was launched.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
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.
At first glance, Ethiopia would seem like a tough place for business owners to make it big. The strength of the state stands in contrast to the fledgling private sector, where foreign competition is barred in key industries and big sectors are entrusted to state-owned companies.
It’s called the Grand Renaissance Dam — and the clue is in the name. With some 8,500 laborers working around the clock on its construction, the imposingly-named dam is surely one of Africa’s most ambitious infrastructure projects.
Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance.
Helping businesses back home is a compelling case for investing in frontier markets, the term given to Africa as a pre-emerging economy.
Established African firms and new entrants, small and large, are raising a substantial amount of capital for private investments in Africa.
UAE-based conglomerate Mulk Holdings announced that it is investing up to $40 million in developing a duty free shopping centre in Lagos, Nigeria.
Over the past few years a new African narrative has emerged. But, despite the clear evidence of sustained progress, there are many who remain sceptical about Africa.
Nigeria. What is coming to your mind thinking of Africa’s most populated country?
Africa is ripe for investment, a fact that is being acted upon by Abu Dhabi companies with increasing regularity.
High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.
In 2013, Africa’s share of global FDI projects reached 5.7%, its highest level in a decade. The number of new FDI projects in sub-Saharan Africa (SSA) increased by 4.7%.
Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013.