Equity races ahead of rivals with Sh11b capital injection
Equity Bank is to offer a 24.99 per cent stake to a London-based private equity fund firm in a record-breaking deal that sets the stage for a bruising battle for control of the Kenyan banking business.
MWEB extends Africa coverage
INTERNET service provider MWEB Africa is buying pan-African rival Afsat Communications to extend its coverage into 10 more African countries.
Portugal Telecom teams up with Helios
Portugal Telecom is joining forces with a private equity company specialising in African investments with the aim of becoming a "relevant player " in some of the biggest telecommunications markets in sub-Saharan Africa.
PT announces strategic partnership for sub-Saharan Africa
Lisbon, Portugal, 13 August 2007 – Portugal Telecom announced the establishment of a strategic partnership with Helios Investors LP (Helios), a fund advised by Helios Investment Partners LLP, for the sub-Saharan telecommunications market...
Private equity explores the sub-Sahara
Private equity is attracting international investors to sub-Saharan Africa as never before, with fund after fund being launched to look for opportunities beyond South Africa.
Africa becomes sunny proposition for funds
Not long ago you could count the number of funds investing in Africa on one hand. You would need several, however, to count the number of new Africa funds launched since the beginning of this year.
In Africa, mortgages boost an emerging middle class
LUSAKA, Zambia -- Herrick Mpuku has spent a decade building his family a house, and it's still not done. There are no kitchen cabinets, and the concreteblock walls haven't been plastered smooth. But now the 45-year-old economist is having a new home built -- one he expects to go from groundbreaking to the final ...
FCMB expands board
First City Monument Bank Plc (FCMB) has expanded its board of directors to include some internationally acclaimed professionals.
Helios exit Flamingo
Emerging markets private equity fund managers Actis and Helios Investment Partners have sold their respective minority shareholdings in Flamingo Holdings as part of the 100 per cent sale of Flamingo to James Finlay. Financial details of the transaction have not been disclosed. Flamingo is a horticultural business...
N10 Billion direct foreign equity investment flows into FCMB
A club of leading international institutional investors led by Helios Investment Partners last Thursday crossed a block trade in the shares of First City Monument Bank Plc (FCMB) acquiring 1,5billion shares, representing 15.81 percent of the bank's shareholdings.