Private equity in Africa loses its shine

“Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy.


US firm Carlyle, Standard Chartered and emerging market-focused Actis have all seen a change of top executives at their Africa funds, according to these six individuals.

Once seen as a beacon of growth, private equity firms expanded their business in the region just before the financial crash. A weak economy and falling currencies have now taken the gloss off a decade of ‘Africa rising’ optimism.”

Source: Private equity in Africa loses its shine | West Africa

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