Tunis Equity Firm Seeks to Raise Sh22bn to Invest in Africa Banks
Tunis-based private equity fund AfricInvest is targeting to raise €200 million (Sh21.8 billion) through a new fund that will invest in Africa’s banks. The PE firm, which invested in and exited Kenya’s Family Bank, says it has launched the AFSH... Read More →
Private Equity Activity Grows
From a dozen or so active general partners (GPs) in the region in 1990, there are currently at least 140 GPs active in Africa. Between 2010 and 2016, GPs invested around US$25.6bn across sectors that ranged from consumer goods to... Read More →
Kenyan contractor in Sh5.1bn fight with US private equity fund
A Kenyan entrepreneur, who founded troubled construction firm Spencon, has sued a US private equity fund for $50 million (Sh5.1 billion) he claims to have lost when the fund fraudulently acquired a 60.68 per cent stake in the company. Jitendra... Read More →