Welcome to the April edition of the Addleshaw Goddard Africa Group Newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

ICAP AFRICA has launched a new division - AFRICA DIRECT - which offers a comprehensive range of financial services to corporate clients and institutional investors who are likely to be exposed to risk in African markets. Africa Direct will focus on financial risk analysis and risk management that is supported by real-time financial market data and analysis. The new division will have its headquarters in Johannesburg and will be headed by financial analyst and manager, Duncan Keil.

The Charles Russell Speechlys Africa Team has advised Ascent Capital Africa on the establishment and fund raising for its second fund, Ascent Rift Valley Fund II (ARVF II), which has had its first rolling close at more than USD 100 million, significantly exceeding its initial target of USD 80 million.

Global law firm Clyde & Co advised leading Commercial & Industrial (C&I) solar company, Premier Solar Group, on the sale of a 50% stake in its East African operations to Starsight Energy, a West African C&I energy-as-a-service provider.

Invest Africa, the leading business and investment platform for African markets, and Absa Group, one of Africa’s largest diversified financial services groups, are pleased to announce a strategic collaboration, aimed at supporting the development of business and investment on the continent, and the growth of Absa Group as a leading African retail, corporate and investment bank.

Mediterrania Capital Partners’ portfolio company Akdital Holding owns Ain Borja, the Casablanca clinic that assisted the birth of nine babies by a Malian woman

Invest Africa (www.InvestAfrica.com), a prominent business and investment platform for African markets, and APO Group (www.APO-opa.com), the leading Pan-African communications consultancy and press release distribution service, have entered a partnership agreement to help boost African economies.

Welcome to the April edition of the Addleshaw Goddard Africa Group Newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Port-Louis, April 2021: MCB is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership.  MCB was not only a co-mandated lead arranger but provided the highest loan commitment.  The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019. 

Ransomware is, by multiple measures, the top cyber threat facing businesses today, with damages caused including downtime costs and recovery time.

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction.

Agility, a leading global logistics and warehouse provider has opened a new Agility Logistics Park in Maputo, adding to its growing network of international-standard warehouse parks serving key African markets.

Radisson Hotel Group is proud to announce its first resort and third hotel in Zambia, with the signing of Radisson Blu Resort Mosi-oa-Tunya, Livingstone, Zambia.

Over the years, Mauritius has consistently implemented reforms to enhance the island legal and regulatory framework and uphold its reputation as an International Financial Centre (IFC).

Get up to date with the February edition Africa Business Group newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Visit our dedicated Africa site for more information about doing business in Africa and how Addleshaw Goddard can support you.

Invest Africa (www.InvestAfrica.com), a prominent business and investment platform for African markets, and APO Group (www.APO-opa.com), the leading Pan-African communications consultancy and press release distribution service, have entered a partnership agreement to help boost African economies.

In its role as an experienced development financing partner DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, is particularly in demand during the current COVID-19 pandemic.

For Buchanan’s inaugural episode, Augustine Chipungu speaks to Tutu Agyare on a range of topic issues, including cost of capital in Africa, beneficiation, the African Continental Free Trade Area, and impact of COVID-19.

Get up to date with the February edition Africa Business Group newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Visit our dedicated Africa site for more information about doing business in Africa and how Addleshaw Goddard can support you.

In a win for the private equity sector in South Africa as well as transformation in the agro-processing industry, Sanlam Investments through their private equity business, Sanlam Private Equity ("SPE"), has acquired a majority stake in the Cavalier Group of Companies, a supplier of premium red meat products and the largest employer in the Cullinan region of Gauteng for an undisclosed amount.