Private equity firm BluePeak mobilizes resources for first credit line in Africa
Monday, 18 November 2019 16:51
BluePeak, a private equity firm recently founded by former Gulf Capital executive Walid Cherif (pictured), has started mobilizing money for its very first credit fund. The company aims at raising $200 million.
BluePeak indicates that it wants to support African SMEs which have trouble accessing credit. The fund is designed to seek debt financing opportunities in African SMEs, with an allocation of resources that will be equally divided between North Africa and sub-Saharan Africa. The company’s managers said they mainly target East and West Africa, in the sub-Saharan region.
The fund will not seek to engage in highly cyclical sectors such as tourism, it will rather focus on sectors such as health, education, consumer services, telecommunications, infrastructure, and real estate. BluePeak hopes it will reach its fundraising target by mid-2020.
Idriss Linge
Live News
-
Cameroon Signs Defence Agreements to Expand Local Production and Cut Imports
09:33
-
Niger Looks to Morocco to Tackle Skills Gap
09:20
-
Ethiopia’s Ethio Telecom, Mastercard Move to Expand Payments Partnership
09:10
-
Ukraine Targets Ghana With Flour Production Plan Amid Demand Surge
06:06
-
Ghana’s Heath Goldfields secures $65 million to support Bogoso-Prestea gold mine ramp-up
06:05
-
Schalk Nolte Takes On Global Financial Fraud with Entersekt
04:15
-
Ndaedzo Madume rethinks rental market with tenant deposit financing solution
04:13
-
Cameroon Backs Palm Oil Expansion With New 25,000-Ton Plant
04:10
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Niger, Morocco sign agreements to boost education, vocational training Talks focus on human capital amid high dropout, capacity...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Ukraine explores wheat flour production project in Ghana following 2025 cooperation deal; Ghana’s wheat imports surge 56.7% to 1.09 million tonnes in...
Heath Goldfields secures $65 million financing from Trafigura Funding supports Bogoso-Prestea mine after production resumed Deal includes...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...