Beltone and Kenana establish a new agriculture company to invest in Egypt and Sudan

Kenana Sugar Company have signed a partnership agreement to create a strong, resourceful company with the aim of deploying up to US$ 1 billion in large-scale agriculture projects across Egypt and Sudan.

Kenana, which produces 400,000 tonnes of sugar a year, will provide technical expertise for the venture and Beltone will manage investments and corporate finance.

Mr. Hazem Barakat, CEO of Beltone Private Equity, said that Beltone would provide extensive investment management, corporate finance, as well as strategic capabilities.

On other the hand, Kenanam will support the venture through its Superior technical know-how and operational expertise,” said Mr. Mohamed El Mardi CEO of KenanaKenana. He also added that Agriculture plays a vital role in developing countries and it is a major source of income for emerging economies.

LATEST NEWS HEADLINES

• The Role of Venture Capital Model in an Islamic Economic System
• IHS moves to the cape
• Regional private equity to rebound next year
• HSBC may bid for S.Africa’s Nedbank: report
• Citadel Capital: African Business of the Year

ALSO IN THE NEWS

SA Private Equity gains confidence

South African private equity firms are increasingly looking at the rest of the continent, spurred by the success of local telecoms and retail companies in Africa’s frontier markets, according to KPMG.
Africa’s biggest economy accounted for more than 70 percent of the sub-Saharan region’s $2.9 billion of private equity deals in 2008, but this share is [...]

MORE STORIES

How to get a job in private equity: The ideal CV

• Pension funds eye $200 stake in private equity
• S.Africa bonds gain on inflation hopes, rand up
• Actis increases investments in emerging markets
• South Africa to increase regulation of PE
• Actis invests US$50 million in Integreon
• Aureos Raises U.S. $381 Million For New African Fund

HAVE YOUR SAY

Join our list of prestigious institutions who have contributed their expertise our site. It’s a great way to share your views and gain recognition for your insights and thought leadership.

PROMOTIONAL BLOCK - ADVERTISE

We have various advertising opportunities, please enquire now!

MORE NEWS HEADLINES

• Hedge Fund Investment Analyst
• Citadel Capital Named Top African Private Equity Firm—Again
• Citadel Capital Hires a General Manager for its East Africa Expansion
• Signs of life seen in Africa private equity funds
• Private Equity Associate
• Venture capitalists buy into Twitter ‘for 100m’