Monthly Archives: August 2009
GroFin announce final close of the GroFin Africa Fund at $170 million.
GroFin today announced the final closing of the GroFin Africa Fund at US$170 million against a target of $150 million. This growth finance fund targets start-up and growth opportunities in small and medium enterprises in Africa.
Ernst & Young appoints new global private equity leader Ernst & Young appoints new global private equity leader
Harley joined Ernst & Young in 2000 to lead its global technology, communications and entertainment corporate finance practice. Subsequent roles within Ernst & Young have included the head of its TCE European practice and global vice chair of accounts, industries and business development.
Beltone and Kenana establish a new agriculture company to invest in Egypt and Sudan
Kenana Sugar Company have signed a partnership agreement to create a strong, resourceful company with the aim of deploying up to US$ 1 billion in large-scale agriculture projects across Egypt and Sudan.
Medu Capital Fund Profile
Medu Capital is a professional investment management company with a focus on private equity. Its principal activities include sourcing and evaluation of investment opportunities, execution of investments, active involvement and realisation of investments.
BEE scorecard must be altered to make white firms change
The codes of good practice on broad-based black economic empowerment (BEE) and the accompanying scorecard in its current form are failing black business. Although the original idea was noble, the cause serves to benefit only mainstream white businesses.
