Private Equity to Provide Namibian Investors with Compelling Investment Opportunities
The implementation of new regulations requiring institutional investors to invest a minimum percentage of their assets into unlisted assets in Namibia, is set to provide a significant boost to private equity in the country, as well as benefiting investors and the local economy as a whole.
This is according to Erika van der Merwe, Chief Executive Officer of the Southern African Venture Capital and Private Equity Association (SAVCA), who shared her insight at the SAVCA event held in Windhoek this week, themed around the changing regulatory environment and its impact on local investors.
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Ina Opperman It is the first time in 20 years that a merger may be prohibited on the grounds of public interest only. Picture: iStock
The move by the Competition Commission to formally block the sale of Burger King and Grand Foods meat plant to Pan-African private equity firm Emerging Capital Partners (ECP) because “the proposed merger cannot be justified on substantial public interest grounds”, is bad news for investment.
The commission recommended the Competition Tribunal prohibits the sale because the merger would significantly reduce the shareholding of historically disadvantaged persons (HDP) from more than 68% to 0%.
Ground-breaking recommendation
This “ground-breaking recommendation”, to prohibit the proposed sale by Grand Parade Investments of its investment in Burger King SA to a US private equity firm, will have s
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Harith vindicated by SAVCA findings on PIC Report
Harith media statement:
I am pleased to inform you that following several months of deliberations, the Southern African Venture Capital and Private Equity Association (SAVCA), an industry body that represents the interests of private equity and venture capital in Southern Africa, has vindicated Harith General Partners in relation to the findings contained in the Report of the Commission of Inquiry into allegations of impropriety at the Public Investment Corporation (PIC).
Following the publication of the PIC Commission Report in March 2020, SAVCA initiated an investigation to probe allegations of impropriety and possible breach of the SAVCA Code of Conduct in relation to Harith. In response, Harith provided SAVCA with comprehensive documentary evidence to disprove the erroneous findings in the PIC Commission Report.
U.K.’s CDC partnering with Vodafone for Ethiopia telecom bid
CDC Group is planning about $1 billion in Africa investments this year in sectors including infrastructure and finance, and is part of a consortium considering a bid for a new telecommunications license in Ethiopia.
The U.K. development-finance institution is matching a similar outlay made on the continent in 2020, Chief Executive Officer Nick O’Donohoe said in an interview. CDC will target markets such as Egypt, Ethiopia, Kenya and Nigeria, while also considering putting money into more remote, frontier locations.
“The two areas we will be particularly focused on this year are accelerating our climate-related” and technology-based investments, the CEO said. “In addition to that, we are a big investor in infrastructure and will continue to be.”