TradeInvest Africa (Cape Town)
Ghana's tourism sector is expected to grow at an average rate of 4.1% over the next two decades, indicating a need to build more tourist accommodation. There is an opportunity to participate in the development of a beach complex in Kokrobite, a popular tourist destination about 30kms west of the Ghanaian capital city of Accra.
The fishing village of Kokrobite is a popular destination for tourists seeking a quiet, tropical paradise with beautiful sandy beaches. There exists a burgeoning demand for day, weekend and longer-term accommodation and European standard restaurant and entertainment facilities, particularly near the beachfront.
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Monday, October 12, 2009
Sunday, October 4, 2009
World bank's IFC to raise capital for Africa, Latam fund
The International Finance Corporation is seeking fresh capital to invest in Latin America and Africa, its chief executive Lars Thunell said Saturday. The investment arm of the World Bank group, aims to raise up to $1 billion from institutions such as sovereign wealth funds and pension funds around the world for the new fund
Original post:
World bank’s IFC to raise capital for Africa, Latam fund
Citi Venture Capital International investing $25 million into SkyVision Holdings Limited
Citi Venture Capital International (CVCI), is going to invest USD25 million into SkyVision Holdings Limited. The investment will be made through a wholly owned subsidiary of the Citigroup Venture Capital International Africa Fund L.P (CVCIAF), a private equity fund advised by Citi Venture Capital International.
SkyVision is a provider of global IP services over satellite and terrestrial fibre optic systems for enterprise, ISP, and carrier class clients in emerging markets. The company has coverage in over 120 countries and currently operates in more than 50 countries around the world, with sales in 2009 estimated to exceed USD80 million. In Africa, Skyvision services the largest and most respected telcos, mobile operators, corporations and public sector clients. In the past five years, the company has achieved growth rates of approximately 50% per year. The company is controlled by Cyphertech and Shamrock, the investment arm of the Roy E. Disney family. Pursuant to the investment, Cyphertech and Shamrock will hold approximately 30 percent each, CVCIAF will hold approximately 23 percent, and the remainder will be held principally by management and employees. Sunil Nair, Managing Director and Head, Central/Eastern Europe, Middle East & Africa, Citi Venture Capital International, mentioned that investment demonstrates CVCI’s commitment to supporting and further strengthening companies with a proven record of success in Africa.
SkyVision is a provider of global IP services over satellite and terrestrial fibre optic systems for enterprise, ISP, and carrier class clients in emerging markets. The company has coverage in over 120 countries and currently operates in more than 50 countries around the world, with sales in 2009 estimated to exceed USD80 million. In Africa, Skyvision services the largest and most respected telcos, mobile operators, corporations and public sector clients. In the past five years, the company has achieved growth rates of approximately 50% per year. The company is controlled by Cyphertech and Shamrock, the investment arm of the Roy E. Disney family. Pursuant to the investment, Cyphertech and Shamrock will hold approximately 30 percent each, CVCIAF will hold approximately 23 percent, and the remainder will be held principally by management and employees. Sunil Nair, Managing Director and Head, Central/Eastern Europe, Middle East & Africa, Citi Venture Capital International, mentioned that investment demonstrates CVCI’s commitment to supporting and further strengthening companies with a proven record of success in Africa.
Saturday, October 3, 2009
IMImobile has been picked to provide technology and services to emerging markets telecommunications company MTN Group Ltd.
IMImobile has been chosen to help MTN standardise its mobile phone and online content in 21 markets in which it operates.
IMImobile said the deal was "a major commercial milestone." Financial terms weren't disclosed.
IMImobile is Venuture Capital firm Spark Ventures PLC biggest holding. It has a 38% stake in the company with a book value of GBP13 million.
This Deal will see IMImobile help South African operator standardise mobile, online content.
IMImobile said the deal was "a major commercial milestone." Financial terms weren't disclosed.
IMImobile is Venuture Capital firm Spark Ventures PLC biggest holding. It has a 38% stake in the company with a book value of GBP13 million.
This Deal will see IMImobile help South African operator standardise mobile, online content.
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