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
-
Joshua Raphael Automates High-Traffic Parking Management With Parket
17:39
-
Gambia to Expand Internet Backbone Capacity Over 15-Fold in $50M Deal
17:38
-
U.S., Côte d’Ivoire Sign $487M Health Agreement Under New U.S. Strategy
16:46
-
Côte d’Ivoire’s Ruling Party Wins Landslide Legislative Majority, Consolidating Power
16:00
-
Kenya Approves Creation of National Cybersecurity Agency
15:45
-
Sodecoton Awards Bercotech Contract for 110 kVa Solar Plant at Touboro
12:24
-
Aissata Diallo Bah Widens Access to Financial and Legal Data on African Companies
12:11
-
Mauritania Rolls Out AI System to Detect Traffic Violations Nationwide
12:04
-
After Lomé Launch, Togo Expands Cash Transfers Nationwide
11:53
-
Orange To Stream 35 AFCON Matches On Max It App
18:21
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Gambia’s Gamtel signs $50 million PPP to modernise internet backbone Project boosts core network capacity from 50 Gbps to 800...
United States, Côte d’Ivoire sign $487 million five-year health partnership Deal targets HIV, malaria, maternal health and system...
Côte d’Ivoire ruling RHDP wins 197 of 255 parliamentary seats Result consolidates President Ouattara’s control of executive and...
Kenya plans National Cybersecurity Agency to coordinate response to digital threats Cabinet backs proposal, parliamentary approval expected after...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...