Malawi’s high court on Saturday swore in Peter Matharika, a former foreign minister and law professor, as the country’s newly elected president. The inauguration came on the heels of the country’s electoral commission releasing the May 20 presidential election results after refusing to delay its release due to disputed election results and a call for a recount.

Emerging markets focused private equity firm, the Abraaj group said it has invested in African Industrial Services Group, one of African engineering services and component manufacturer and distribution companies, through one of its funds .

As lead fund arranger and global coordinator, the International Finance Corp., has created a $267 million fund for the expansion of Compagnie Ivoirienne de PRoduction d’ Electricité (CIPREL) thermal power plant in Côte d’Ivoire, to contribute to the improvement of access to energy in the country.

By THE AFRICA BAZAAR Staff Writer

In making a significant play for a bigger role in the power sector in Africa, Power Capital Holdings and Hunt Power Capital Partners, LLC, a wholly owned subsidiary of Hunt Consolidated, Inc. announced they have teamed up to launch a new private equity venture, Power Capital Partners LLC, that will focus on investing in the global power sector.

Power Capital Partners’ business model and investment strategy is to focus exclusively on investing globally in the development, construction and operation of fully contracted or hedged conventional and renewable power plants and related infrastructure projects that exhibit highly predictable cash flow.