News

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.

By THE AFRICA BAZAAR Staff Writer

In its continuous efforts and commitments to supporting domestic capital market development in Africa, IFC, a member of the World Bank Group, is taking a stake in Trustco Group Holdings by investing $29 million (ZAR 300 million) to support student lending activities in Namibia and expand micro insurance into new countries in Sub-Saharan Africa.