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.

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