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
-
Algeria, Egypt Agree Direct Shipping Route to Drive $5B Trade Goal
19:31
-
Cameroon Moves to Channel CFA8B Cylinder Market to Local Factories With Import Tax
19:22
-
Guinea Approves $34.5 Million Digital Strategy for Vocational Training
19:12
-
Togo Kicks Off Landmark 20th Lomé Fair with Digital Push, Chinese Delegation
18:53
-
Urban Pigeons Found to Harbor Drug-Resistant Bacteria in Togo
18:49
-
AIIB Approves $200M Loan for Benin's Multimodal Transport System
18:47
-
Chad Turns to Egypt to Modernize State TV as Foreign Media Lead Audience Ratings
18:38
-
Measles Cases Drop 80%, Ethiopia's Marburg Response and Cholera in DRC (Weekly Health Update)
18:02
-
Zambia Unveils National Strategy to Protect Young Internet Users
06:18
-
Togo’s Edomatch Targets Faster Hiring With Mobile Recruitment Platform
06:09
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Algeria and Egypt to launch direct Algiers-Alexandria maritime link to boost trade Bilateral trade surpassed $1B in 2024; target set...
AIIB approves $200M for Benin’s Greater Nokoué urban mobility project Plan includes road upgrades, public buses, smart traffic and lagoon...
Chad partners with Egypt to modernize state TV and train media staff Project aims to improve Télé Tchad’s content, skills and viewer experience ...
This week in African health news: Global measles cases have dropped nearly 80 percent since 2000, but major challenges remain across the continent....
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...