{{Swiss private banking group Edmund de Rothschild will invest US$530mn in Africa to develop the continent’s economy and raise the living standards of the middle class population.}}<\/p>\n
According to reports, the funds will be managed by Amethis, an Africa-centric financing firm.<\/p>\n
The company, which is majority owned by Rothschild, has already invested in five African companies including Kenyan Chase Bank and gas distributor Petro Ivoire.<\/p>\n
Rothschild, along with Dubai-based private equity investor Abraaj and Washington-based asset management firm Carlyle, will be seeking investors to focus on minority stakes in small to medium-sized companies, stated Reuters.<\/p>\n
After five years, investors will have the option to convert their stakes in the fund into shares of a company that could then float to gain permanent capital, allowing them to retain investments over a long period, rather than having to sell them after five to six years, according to reports.<\/p>\n
Based on information gathered by data provider Preqin, private equity funds targeting Africa attracted US$2.4bn in 2013 \u2013 nearly double the amount from 2012. In early 2014, Carlyle secured nearly US$700mn for its first sub-Saharan African fund \u2013 lesser than Helios Partners\u2019 US$908mn pool \u2013 considered the largest thus far.<\/p>\n
Johnny El Hachem, chief executive of Compagnie Benjamin de Rothschild Conseil, said, \u201cWe are looking for high-return projects but with a strong social development aspect. Time counts in Africa. You can get much better returns if you stay longer.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Swiss private banking group Edmund de Rothschild will invest US$530mn in Africa to develop the continent’s economy and raise the living standards of the middle class population.}} According to reports, the funds will be managed by Amethis, an Africa-centric financing firm. The company, which is majority owned by Rothschild, has already invested in five African […]<\/p>\n","protected":false},"author":3,"featured_media":2000052905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[100],"byline":[334],"hashtag":[],"class_list":["post-15194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-africa","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000052905,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15194.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=15194"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000052905"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=15194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=15194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=15194"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=15194"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=15194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}