Archive for August 2016

Foreign investment boom boosts UK growth hopes

Foreign investment boom boosts UK growth hopes

Investment into the UK boomed last year as firms from around the world backed a record 2,213 British projects, including infrastructure developments, manufacturing plants and life sciences projects.
The number of foreign-backed projects increased 11pc, creating 82,650 jobs, as well as safeguarding more than 30,000 jobs and bolstering economic growth in the run up to the [...]

Africa Capital Digest Week

The Week in Brief…
One of the quieter weeks, deal-wise, of this year. The biggest investment, dollar-wise, looks to have been the R300 million backing of Masonite by Jacobs Capital in partnership with Black Bird Capital. The South African wood manufacturer had applied for business rescue in December last year, and the competition commission gave the [...]

La startup financière zambienne Zoona lève 15 millions $ pour financer son expansion en Afrique

La startup financière zambienne Zoona lève 15 millions $ pour financer son expansion en Afrique

La startup financière Zoona, incorporée en Zambie, a réalisé avec succès la mobilisation de 15 millions $ dans le cadre d’un deuxième tour de mobilisation des ressources financières. L’entreprise est spécialisée dans les services de transferts d’argent pour les petits et moyens investisseurs et les clients non bancarisés. Elle a indiqué, que ces fonds serviront [...]

Africa Capital Digest (Week 34)

The Week in Brief…
Deals inspired by the rise of the Africa’s consumers were the them of the week last week. A consortium made up of a couple of private equity investors and a development finance institution made the largest capital commitment of the week. 8 Miles led an $80 million club deal in Nigerian biscuit [...]

Top 5 most attractive African countries for global investors, by Havas (Study)

Top 5 most attractive African countries for global investors, by Havas (Study)

In Africa, the five most attractive nations for international investors are Ethiopia, Nigeria, Morocco, Ghana and Senegal. This was revealed in the latest study of consulting firm Havas Horizons and the Choiseul Institute covering 2016 to 2020 and entitled “Financing African Growth by 2020: Global Investors’ View”.
In the framework of the study, 55 global investors [...]

OVH milliardaire en 2020 grâce à une nouvelle levée de fonds de 250 millions d’euros

OVH milliardaire en 2020 grâce à une nouvelle levée de fonds de 250 millions d'euros

La star française de l’hébergement Web et du cloud computing OVH amplifie son plan de développement à l’international. Au programme : l’ouverture de 12 nouveaux datacenters dans 11 pays. Ambition ? Quadrupler de taille en 5 ans en atteignant un chiffre d’affaires de 1 milliard d’euros en 2020.
OVH annonce avoir bouclé une augmentation de capital [...]

Africa Capital Digets Week (8/15/2016)

Africa Capital Digets Week (8/15/2016)

The Week in Brief…
Deal activity in Africa’s private equity and infrastructure investment markets revved up last week. There were two particularly notable announcements - a pair of fund launches and a high-yielding exit - as well as number of other interesting, if smaller, deals that took place.
On the fund raising front, South Africa’s Old Mutual [...]

The co-founder of Nigerian startup Andela is leaving to start a payments company

The co-founder of Nigerian startup Andela is leaving to start a payments company

Just eight weeks after raising $24 million in a funding round led by Mark Zuckerberg’s foundation, Andela, one of Nigeria’s best-known startups, is saying goodbye to its co-founder Iyinoluwa ‘E’ Aboyeji.
Aboyeji, the face of the high profile Lagos-based coder training company, is now starting a new startup called Flutterwave, a digital payments infrastructure platform that [...]

Opinion: How hedge-fund geniuses got beaten by monkeys — again

Opinion: How hedge-fund geniuses got beaten by monkeys — again

The average hedge fund has produced a worse investment performance in the first half of this year than a portfolio consisting of a savings account at your local bank and a random collection of stocks picked by a blindfolded monkey.
Stop me if you’ve heard this one before.
According to the benchmark HFRX Global Hedge Fund Index, [...]

Africa week Investments

Africa week Investments

The big dollar stories in Africa’s private equity world last week concerned not investments but rather changes in structure and strategy. Three European institutions who have been active investors in the continent’s financial services sector for many years announced that they were pooling their existing African assets to create Arise, $660 million financial services investment [...]