Mustafa Abdel-Wadood News

Nairobi, Kenya. The East African country is attracting private equity interest. Credit: Alamy/Financial Times

Private equity looks to East Africa for investment opportunities

Buyout groups investing in Africa are turning east and shunning the oil-rich western part of the continent as they grapple with the effect of low commodity prices on private equity’s final frontier.

Mustafa Abdel-Wadood, a Partner at Abraaj, continues to see investment potential in Africa’s largest economy Nigeria. Christopher Pike/The National

Private equity house Abraaj buys majority stake in Nigerian mattress manufacturer Mouka

The Abraaj Group has acquired a majority stake in Mouka, a mattress manufacturer in Nigeria, as part of its plans to expand in Africa.

Private equity firm Abraaj's $990M Africa fund had more demand

Private equity firm Abraaj's $990M Africa fund had more demand

The Abraaj Group, an emerging-market private equity investor, had “substantially higher” demand for its third Sub-Saharan Africa fund than the $990 million actually raised, partner Mustafa Abdel-Wadood said.