Africa's private equity firms have been finding great ways to realize value, fuelling and profiting from the continent's soaring growth, but also helping Africa's markets become more pan-regional and scoring successes by working closely with management teams to create value at investee companies.
Ethiopia's Government says trading on the Ethiopian Commodity Exchange totalled transacted some Birr 20 billion ($1.06 bn) worth of commodities on the trading floor during the 2012/13 Ethiopian state budget year (to July).
The total value of mergers and acquisitions deals in Africa by foreign investors was $183 billion over the ten years 2003-2012, up threefold on the previous decade. Britain was the lead investor with with 437 deals worth $30.5bn.
This Thursday is the African Debt Capital Markets Summit 2013, at Bloomberg in London, organized by IC Publications. The conference brings top international speakers including a minister and a central bank governor on topics such as developing and deepening Africa's debt markets and institutional changes needed.
"South Africa's established and efficient debt capital market is a key competitive advantage for South African firms" writes Barry Martin, joint head of debt capital markets at Rand Merchant Bank. Corporate debt issued in the first quarter of 2013 was R6.1 billion ($612 million).
Africa's top lending institution the African Development Bank (AfDB) has announced that it will start moving its headquarters and 1,500 employees from Tunisia to Ivory Coast, with first staff to move this year.
Global institutional investors ("Limited Partners"/LP) have selected Sub-Saharan Africa (SSA) as the most attractive investment region for private equity, according to research from the Emerging Markets Private Equity Association (EMPEA).
The African Development Bank has signed a USD 100 million agreement with Germany-based Commerzbank AG in which the banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks and confirmed by Commerzbank.
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