Blackstone Group LP (BX) and Carlyle Group LP (CG), the world’s two biggest private-equity firms, sought a partner in Africa to invest in the continent’s burdened energy infrastructure. They both found him in Aliko Dangote, Africa’s wealthiest man.

After a successful decade-long run as Africa’s largest private equity firm, Citadel Capital is transforming into an investment holding company with a focus on infrastructure and industry. As part of this transformation and in recognition of the close of our … Read More

Kenya’s conservative but fast-growing $7.8bn pension fund industry has just taken a pioneering step. For the first time since the 1990s, a leading Kenyan pension fund is putting its cash into a private equity fund. The pension fund for Kenya … Read More

JPMorgan Chase and the UK Department for International Development will kick start promising businesses in East Africa through a new joint investment in Novastar Ventures. The new $5 million investment by JPMorgan Chase will be matched by an additional $15 … Read More