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.

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…

The African Development Bank’s managed trust fund, Agriculture Fast Track Fund, has awarded almost $2 million in new grants to four agribusiness operators on the continent to help develop high value agriculture infrastructure projects. The grants will help Odebrecht, based…