Africa is top investment destination for private equity
Global institutional investors (“Limited Partners”/LP) have selected Sub-Saharan Africa (SSA) as the most attractive investment region for private equity, according to research from the Emerging Markets Private Equity Association (EMPEA).
SANAD Fund to target SMEs in North Africa and Middle East
Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD Fund for MSME.
Egypt travel ban lifted on PE firm Citadel Capital chairman
Leading African private equity firm Citadel Capital said that Egypt’s public prosecutor has lifted a travel ban imposed in April on its chairman Ahmed Heikal, according to Reuters. The company also announced Citadel Capital Partners Ltd. sold 13.4 million shares in Citadel Capital worth US$12.4 mn.
NASDAQ Dubai outsources equities trading and settlement to Dubai Financial Markets
From when trading started at 10am last Sunday, 11 July, NASDAQ Dubai is routing listed equities trades through the trading platform of Dubai Financial Market. NASDAQ Dubai is one of the leading exchanges contesting the crown of financial centre of the Middle East and North Africa, and also has potential for channeling investments into African countries.
