Actis, RMB Westport and Paragon sell Nigeria’s Ikeja City Mall to Hyprop and Attacq

Actis, RMB Westport and Paragon sell Nigeria’s Ikeja City Mall to Hyprop and Attacq

LAGOS, Nigeria, Capital Markets in Africa — Actis, an emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund. Hyprop acquired a 75% interest in Ikeja City Mall and Attacq…

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Omidyar Network Bets on Nigeria’s Growing Travel and Tourism Sector with Investment in Hotels.ng

Omidyar Network Bets on Nigeria’s Growing Travel and Tourism Sector with Investment in Hotels.ng

Lagos, Nigeria (Capital Markets in Africa) — Omidyar Network today announced an investment in Hotels.ng, a hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and medium hotels in the country, most with no prior digital presence. The Series A round investment is part of Omidyar Network’s Consumer Internet & Mobile initiative, which focuses on supporting new digital solutions to connect people, enabling them to share…

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Pembani Remgro Infrastructure Fund raises $245 Million to Power Africa

Pembani Remgro Infrastructure Fund raises $245 Million to Power Africa

Johannesburg, South Africa (Capital Markets in Africa):- The Pembani Remgro Infrastructure Fund, announced today that it has achieved a successful first closing of $245 million. In addition, the Fund has received a further commitment equal to 20% of the fund size, capped at $100 million, from the Overseas Private Investment Corporation (OPIC). The formal fundraising process commenced in May 2014, with the aim of achieving final close during 2015 at a target fund size of…

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Kenya to privatise sugar firms to regional African investors

Kenya to  privatise sugar firms to regional African investors

Nairobi, Kenya (Capital Markets in Africa):- Investors across East Africa will own a stake in five Kenya government-owned sugar companies to be privatized over the next 12 months, reports The East African News. The Privatisation Commission announced on Friday, 5 May that the five sugar companies — Nzoia, South Nyanza, Chemelil, Muhoroni and Miwani — will be sold in phases to strategic investors and out grower companies through an initial public offering. Under Kenyan law,…

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Helios invests US$100mn in Africa Oil Corp.

Helios invests US$100mn in Africa Oil Corp.

London, (Capital Markets in Africa):- Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its equity interest in Africa Energy Corp. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol “AOI”….

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