Sub-Saharan Africa

Actis leads $134m investment in Nigerian bank(3)

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Actis secures R8.4bn Alexander Forbes(2)

Actis Capital’s bid for Alexander Forbes has reportedly gained shareholder acceptance, after raising its bid twice and offering to keep a quarter of the company listed on the Johannesburg stock exchange.

Actis secures R8.4bn Alexander Forbes

Actis Capital’s bid for Alexander Forbes has reportedly gained shareholder acceptance, after raising its bid twice and offering to keep a quarter of the company listed on the Johannesburg stock exchange.

Actis leads $134m investment in Nigerian bank(2)

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Actis leads $134m investment in Nigerian bank

Actis has taken a minority stake in Nigeria-based Diamond Bank, shortly after the country’s scandal-dogged elections. But despite the governance concerns, buyout firms are optimistic about the country’s economic and political future.

Brait deal to take Shoprite private collapses

A rising share price has derailed Brait’s plans to delist South African retailer Shoprite from the Johannesburg exchange.

Largest pan-Africa fund closes

Emerging Capital Partners, the Washington DC-based offshoot of AIG Africa Infrastructure, has rounded up $523 million for a new fund targeting the continent. Already the firm is prepping a 3x exit from the new fund.

Sphere buys stake in software company

Black economic empowerment specialist Sphere has bought a 35.8 percent stake in software company Barone, Budge and Dominick. The software company had been looking for a business partner committed to the South African governmental programme designed to promote racial equality.

CDC profits from emerging markets(2)

The UK government fund of funds manager in developing markets has posted strong results for 2006 while sounding a note of caution as a wall of money heads for new markets.

Origo recruits South African MD(2)

Beijing-based private equity group Origo Sino-India has hired John Blake as managing director of mergers and acquisitions.