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Africa

Africa: World Bank Group Report – Pathways for Unlocking Productivity-Led Private Sector Growth in Guinea-Bissau

eriinfo.com5 days ago06 mins

BISSAU — Guinea-Bissau’s economy demonstrated notable resilience in 2025, according to the World Bank Group’s Guinea-Bissau Economic Update (Spring 2026), released today. Real GDP expanded 5.8% in 2025, buoyed by a strong cashew harvest and farmgate prices that supported rural incomes and private consumption. Yet beneath this encouraging headline, the country faces mounting structural pressures…

Vertiv infrastructure underpins Paratus Namibia’s first private LTE, mobile network

eriinfo.com2 weeks ago07 mins

Windhoek, Namibia. (Image: Vertiv) Vertiv (NYSE:VRT), which positions itself as a global leader in critical digital infrastructure, today announced it is powering Namibia’s first private mobile network built on LTE and 5G technologies for pan-African telecommunications and network services provider Paratus. The deployment marks a major milestone in the country’s digital evolution and Paratus Namibia’s…

KKR, Blackstone and Ares shares tumble on private equity jitters

eriinfo.com4 weeks ago02 mins

Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland’s Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations. Shares in Carlyle Group and KKR dropped more than 5% and 4%, respectively. Blackstone and Ares Management each slipped around 4%, while Blue…

Blackstone closes its largest Asia private equity fund at over billion

Blackstone closes its largest Asia private equity fund at over $13 billion

eriinfo.com4 weeks ago03 mins

The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…

EDITORIAL | Kenya’s G-to-G oil deal smells increasingly like a sovereign transfer of wealth to private firms

eriinfo.com1 month ago011 mins

EDITORIAL | Kenya’s G-to-G oil deal smells increasingly like a sovereign transfer of wealth to private firms The Kenyan public was promised stability. What it may have received instead is one of the most opaque and politically loaded commercial arrangements in recent memory. When Nairobi unveiled its Government-to-Government (G-to-G) oil import deal with Saudi Arabia…

Private rail in South Africa: ‘A once-in-a-generation opportunity’

eriinfo.com2 months ago014 mins

Youssef Elgonaid Interview with Youssef ElgonaidCO-FOUNDER and CEO, AFRICAN RAIL COMPANY For decades, South Africa’s freight rail network has been tightly controlled by the state. Youssef Elgonaid, CEO of African Rail Company (ARC), describes the recent move to grant private operators wider access to the system as a “once-in-a-generation opportunity”. Founded in 2013, ARC recently…

Private rail in South Africa: ‘A once-in-a-generation opportunity’

eriinfo.com2 months ago014 mins

Youssef Elgonaid Interview with Youssef ElgonaidCO-FOUNDER and CEO, AFRICAN RAIL COMPANY For decades, South Africa’s freight rail network has been tightly controlled by the state. Youssef Elgonaid, CEO of African Rail Company (ARC), describes the recent move to grant private operators wider access to the system as a “once-in-a-generation opportunity”. Founded in 2013, ARC recently…

South African private sector growth hits 44-month high

eriinfo.com2 months ago03 mins

South Africa’s private sector expanded at its fastest pace in nearly four years in April, as sales and output rose amid supply concerns linked to the Iran war, a business survey showed on Wednesday. The S&P Global South Africa Purchasing Managers’ Index rose to 51.6 in April from 50.8 in March. The 50-mark separates growth…

Africa

Africa: World Bank, Partners Unveil Private Sector Council to Boost Electricity, Jobs in Africa

eriinfo.com3 months ago06 mins

The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 while unlocking job creation across the continent. Fourteen leaders from diverse sectors will help drive strategies to crowd…

Apollo exec John Zito questions private equity software valuations

eriinfo.com4 months ago06 mins

Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…