Development Partners International (DPI) (www.DPI-llp.com), a premier investment firm focused on Africa, today announced that African Development Partners III Fund (ADP III), has exceeded its US$800 million target, and is set to hold a final close at US$900 million, with an additional US$250m of dedicated co-investment capital. This brings a total of US$1.15 billion for investments on the continent. The fundraising establishes ADP III as one of the largest funds dedicated to investing global capital in Africa.

The African Union (https://AU.int/) has announced a partnership with the APO Group (https://APO-opa.com/), the leading pan-African communications agency and press release distribution service, to Re-brand and Re-position Africa to the world at the Expo 2020 Dubai, to be held from October 2021 to March 2022.

RMB’s Where to Invest in Africa 2021 report positions Egypt as Africa’s top investment destination, with Morocco following and South Africa in third place. Based on their operating environments, other high-scoring countries have moved up the rankings – notably Rwanda and Botswana, now in fourth and fifth position respectively.

From 14th to 16th September 2021, Invest Africa hosted the 7th Africa Debate virtually assembling over 1,000 business and policy leaders from over 50 countries to discuss the most pressing social and economic issues facing the African continent.

Throughout the discussions four key priorities for public and private cooperation emerged: strengthening Africa’s institutions, building more resilient health systems, boosting trade and investment and investing in a sustainable future.

Our report explores how affluent people across Europe, Africa and the Middle East interpret legacy and how it is shaped by wealth decisions throughout a lifetime. It reveals insights on the paths taken to prosperity, the impact of investment decisions, the challenges faced and the continuous evolution of legacy objectives to achieve inheritance goals. Read the report below to discover more.

In the sixth Africa Risk-Reward Index, Control Risks and Oxford Economics Africa plot the most likely trajectory of Africa’s recovery from the COVID-19 pandemic. This recovery will not be simply about GDP growth, but about a wider transformation, innovation, and development in areas such as biotechnology and healthcare. This will raise as many challenges for investors in a range of sectors, as it does opportunities. The Africa Risk-Reward Index plots each country’s performance relative to its African peers by comparing some of the continent’s largest and emerging markets, offering investors a comparative snapshot of market opportunities and risks across Africa.

NKC African Economics announced today that it will now be rebranded and referred to as Oxford Economics Africa. Following the 2015 acquisition of a majority stake in NKC by Oxford Economics, the UK-based economic advisory firm, this development enables Oxford Economics Africa to enter the next phase of corporate growth and further enhance its global presence.

As Head of Global Engagement at Cambridge Partnership for Education, a unit within the University of Cambridge, Annie Michailideou specialises in identifying opportunities to improve education equity and quality by raising standards and giving learners the knowledge, understanding and practical skills to succeed in the modern world. Invest Africa sits down with Annie to find out more about the work Cambridge University Press is doing across Africa and how the unit is driving education reform across the Continent.

As we navigate the second COVID – 19 wave and its associated impact, we remain optimistic as we soldier on to a better future. Our island’s unique geographic location positions it as a natural gateway between Asia and Africa and a logical extension, promoting investments into Africa forms one of the key focus areas of the MIFC. With the coming into effect of the 2 highly awaited trade agreements– the Mauritius-China Free Trade Agreement (FTA) and the Mauritius-India Comprehensive Economic Cooperation and Partnership Agreement (CECPA), which are effective since 1st January 2021 and 1st April 2021 respectively, global business transactions and international trade flows through the island are expected to increase exponentially.

The President of Ghana, H.E. Nana Akufo-Addo, will address international investors and businesses at Invest Africa’s annual Africa Debate from 14th-16th September as part of his government’s drive to diversify the Ghanaian economy and boost foreign direct investment (FDI). The President will be accompanied by the Ministers of Finance, Energy and Food and Agriculture at the dedicated Ghana Investment Forum on 14th September.

Africa Specialty Risks (“ASR”), the pan-African focused reinsurance group, is pleased to announce the appointment of Krishna Bheenick as its Managing Director in Mauritius. The company is also launching a recruitment drive to attract qualified professionals to join the business.

MCB Equity Fund, the private equity arm of MCB Group, the largest banking group in Mauritius, is pleased to announce the acquisition of a minority stake in Africa Mobile Networks Ltd (“AMN”) as part of a consortium led by Metier, an independent African private equity manager.

Agriculture has been identified as the most promising sector for investment in sub-Saharan Africa, according to a survey released by Dubai Chamber.

A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) and Bank of Kigali Plc on 29th July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a 1-2 year period, to facilitate execution of its lending strategy. Despite the challenging market conditions, Bank of Kigali Plc maintains a strong financial performance and continues to attract the support of financial institutions, showcasing investors’ confidence in the bank.

Charles Russell Speechlys has advised Metier, a leading South African private equity fund manager, on a US$39m investment into Africa Mobile Networks Ltd (AMN). AMN builds, owns, operates and maintains mobile network infrastructure in Africa, delivering services for the biggest Mobile Network Operators across the continent.

The Covid-19 pandemic has continued to impact economic activity globally, forcing industries to adapt to “a new normal.” This has been no different for the investment management industry, particularly those managing certain alternative asset classes. Barak Fund Management ("Barak") has been managing not only the impact of Covid on its existing investments, but also the overall structure of its future funds, management approach and related strategy

Radisson Hotel Group is proud to announce the extension of its Moroccan footprint with the opening of four hotels in beloved tourist destinations Al Hoceima, Taghazout Bay, and Saïdia. Located in the south, north and northeast of Morocco, the four hotels consist of three inviting resorts and a comfortable seaside residence, bringing the Group’s fast-growing Moroccan portfolio to more than 10 hotels in operation and under development.