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
-
Mirova Backs Solar-Powered Telecom Towers in Africa With $15 Million Investment
12:47
-
Botswana Joins Five SADC Countries to Cut Mobile Roaming Costs
12:46
-
Microsoft Launches Free AI Training Platform for Young Africans
12:42
-
Learn with us | How to Build a Career as a Cryptocurrency Analyst in the Digital Finance Era
12:40
-
Five innovators awarded at CCI-Togo national inventions competition
12:21
-
CAMES adopts “Lomé Declaration” on common research policy
12:13
-
Togo deploys digital intelligence platform to combat market fraud
11:24
-
UEMOA consultative chamber pushes reforms and explores new financing tools for private sector
11:16
-
Kenyan NGO Launches $500,000 Fund for African Assistive Tech Startups
10:51
-
Algeria’s Yassir Buys Uno Hypermarkets to Extend Its Super-App Ecosystem
10:38
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Mirova to invest $15 million in iSAT solar telecom towers Funding supports rural tower rollout in Liberia and Zambia Solar-battery...
Botswana and five Southern African countries will harmonize mobile roaming tariffs. The initiative is part of the regional One Network Area (ONA)...
Microsoft and Education Plus launched Empower+, a free digital learning platform. The initiative targets young people in 21 African countries,...
Reading markets where most people see only chaos. In short, that is what a cryptocurrency analyst does. Neither trader nor developer, this professional...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...