Catalyst Partners raises USD 69mn for investments in eastern Africa.

By bne IntelliNews February 18, 2011
Private equity firm Catalyst Principal Partners has raised KES 5.6bn (USD 69mn) for investment in various sectors throughout the countries of eastern Africa, the Business Daily Africa reported. The amount is part of closing the Catalyst Fund I, a USD 100mn private equity fund established by Catalyst Principal Partners that will invest in dynamic mid-sized companies. From the newly raised funds, the buyout firm has already invested up to KES 1.2bn in Tanzanian consumer goods producer Chemi & Cortex Industries Ltd, the funds CEO, Paul Kavuma, was quoted as saying. The fund looks at the 20% to 25% annualized return for its 4-6 year investment horizon, the newspaper said.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss