Singapore's Temasek, Oppenheimer form African PE fund - report.

By bne IntelliNews August 11, 2011
Singapore state investor Temasek Holdings and E Oppenheimer & Son, the investment holding company of South Africa's Oppenheimer family, have set up a USD 300mn private equity fund to invest across Africa, the Reuters news agency reported. Both parties will reportedly invest USD 150mn each in the 50-50 joint venture named Tana Africa Capital. The fund will target Africa's growing young population and also focus on agricultural production and processing of farm produce, Reuters reported.

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