Copperbelt Energy Corp. announced that it planned to raise US$150 million from Dutch and German development-finance institutions and other creditors.
Africa
ACON, CIPEF purchase Colombian oil producer Vetra
Investment firms Acon and Capital International Private Equity Fund IV jointly acquires Vetra Energia.
Apple wins South African tablet race, Samsung close second
Researchers said that Apple led the South African tablet industry while Samsung trailed at second. Over 1. 4 million units of tablets were purchased by South Africans in a span of three years, said research firm World Wide Worx.
Alexander Forbes sees opportunity in Africa
Alexander Forbes stated in its latest annual report that it is mulling further expansion in African countries.
Uganda's Pearl Capital Partners launches fund for African agribusinesses
Pearl Capital Partners announced the launch of their new fund worth around KES2.2 billion with the primary purpose of investing into small East African agricultural based businesses.
Latest News
Old Mutual Investment Group announced that it had launched a new private equity fund which is to be invested in private equity funds in South Africa.
Samsung appointed a new African CEO and boosted capital spending. There were several notable events in Samsung recently. One of which was appointing a new CEO for Africa.
To expand the country's mobile phone infrastructure, Ethiopia signed a US$1.6 billion deal with two Chinese firms.
Microsoft would use solar power and white space for the cheapest broadband in South Africa.
Microsoft South Africa would finance a new trial that would provide internet connectivity.
The report stating Samsung beat Apple in China was false. A report by Melanie Lee and Miyoung Kim for Reuters stated that Samsung beat Apple in China. However, another report from CNNMoney written by Philip Elmer-DeWitt claimed that the real situation in the Chinese smartphone market was actually different.
The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.
Private equity financing can help solve the lack of growth of small and medium-sized enterprises in Rwanda.
The Islamic Corporation for the Development of the Private Sector and Kolon Group from South Korea has signed an agreement to invest in a pharmaceutical plant in Côte d'Ivoire.
Nakumatt Holdings announced that they are in talks with foreign equity investors. Nakumatt Holdings Ltd announced that they are in talks to sell close to 25% of its shares to investors abroad.
