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Buy-out group’s $613m fund for Africa
Investors’ growing interest in African private equity will be underlined when US-based Emerging Capital Partners announces that it has raised $613m for a fund targeting deals from the Maghreb to the Cape of Good Hope
De Beers chief to step down after five years
Gareth Penny, chief executive, announces plans to step down later this year after the diamond group radically improves its profit performance
Lex: De Beers
Zimbabwe is about to change the dynamics of global diamond production
Lex: Monetising microfinance
Lending to America’s poor was problematic so why should lending to poverty stricken masses elsewhere be any different
Vibrant Africa beckons investors
Global attention turns to Africa where the demographics are stellar, but it is still not an easy market – capital markets are shallow, many stocks are illiquid
Privatisation benefits African ports
Operators apply their know-how to improve efficiency and technology to win customers but investments are still needed to improve landside infrastructure and ease customs procedures
NTT in $3.2bn deal to buy Dimension Data
The Japanese telecoms operator has announced an agreed all-cash deal to buy the South African IT services company
Lex: NTT / Dimension Data
Hope again triumphs over experience as Japan’s former telecoms monopoly acquires South African IT infrastructure group
Naspers takes stake in Russian internet group
South African media group takes a 28.7 per cent stake in Digital Sky Technologies, the internet company that controls Russia’s leading communications, e-commerce and social networking sites
Travelled Timis pays court to the Chinese
If it were to complete, the would also go far toward making African Minerals the venture most associated with Mr Timis, replacing Regal Petroleum