South African FirstRand Bank acquired, via its private equity branch RMB Corvest, 49% interest in the private higher education institution Inscape Education for an undisclosed amount. The operation is the bank’s fourth investment, since the start of 2021.
FirstRand Bank sees Inscape Education as an entity with strong growth potential. The institution, established in 1981, has five campuses in three provinces in South Africa. "Inscape's continued growth since inception, as well as its management team, made it an ideal investment opportunity," the South African private equity firm said.
RMB Corvest's involvement in this new partnership comes just months after it acquired a stake in Insulation Thermal Acoustic Security Company, which designs electromechanical security equipment.
According to Helen Buhrs, Managing Director of Inscape Education, there is a growing demand for educational services in South Africa since the country has a large youth population and easy access to online learning.
Chamberline Moko
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
As cybersecurity asserts itself as a pillar of digital sovereignty in West Africa, technology-free z...
Nigeria’s government launched a partnership to integrate digital literacy into rural primary and secondary schools. The initiative aims to tackle...
• Rwanda cut multidimensional child poverty nearly in half among 5–14-year-olds—from 25.3% to 11.9% between 2016 and 2024.• Free basic education and...
South32 plans to revise its 2026 production forecast for the Mozal aluminium smelter due to unresolved energy supply negotiations. The current...
The world’s renewable energy capacity grew by 582 GW in 2024 but still falls short of the 2030 tripling target. Africa’s renewable capacity...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...