African Equity News

Africa: AFDB Votes U.S.$25 Million for African Businesses

Africa: AFDB Votes U.S.$25 Million for African Businesses

THE African Development Bank (AfDB) has approved a $25 million equity investment in Vantage Capital Fund II (VCF II). This second-generation multi-sector fund, designed to reach USD 250 million, will provide mezzanine financing – a combination of debt and equity instruments – to selected portfolio companies across Africa.

Published Jul 18, 2011.
Read more: AllAfrica.com

Growthpoint to raise R1.5bn

Growthpoint to raise R1.5bn

Property fund Growthpoint Properties (GRT) plans to raise an estimated 1.5 billion rand through the issue of new Growthpoint linked units. The equity raise will be offered to South African and offshore institutional investors through an accelerated book build process.

Published Jul 13, 2011.
Read more: Pretoria News

Web page to address high percentage of Black suspensions

Web page to address high percentage of Black suspensions

A group that includes African-American professors at Eastern Kentucky University is developing a Web

Published Jun 1, 2011.
Read more: Lexington Herald-Leader