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
-
South Africa and Brazil Seek Deeper Trade and Strategic Cooperation
11:53
-
Togo commits to completing household living conditions survey by end-2026
11:48
-
Lake Chad Stabilisation Programme Expands Far North Economy, Puts 5,500 Farmers Back to Work
11:20
-
IsDB Backs Mauritania’s Health and Energy Plans With $136 Million
11:19
-
Cameroon Signs XAF98 bln Rice Deal with Israeli Firm, Output Seen Rising 18%
10:48
-
Washington Seeks Intelligence Return to Mali After Years of Tension
10:45
-
Senegal Receives $710,000 in Medical Equipment to Strengthen Hospitals
10:36
-
TEMS Africa ICT Exhibition and Conference to be held in Kenya in April
09:13
-
Zambian startup Padue joins FasterCapital’s EquityPilot to launch on-demand services app
09:09
-
South Africa’s Orca raises $2.35mln to strengthen mobile payment fraud detection
09:00
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Cyril Ramaphosa is on a two-day state visit to Brazil. Talks aim to expand trade, investment, and strategic cooperation. Bilateral trade...
IsDB approved $136 million in financing for Mauritania. Funds will support a maternal hospital and a power interconnection with...
The U.S. is negotiating to resume intelligence operations in Mali. Washington recently lifted sanctions on Malian officials. Talks reflect a...
Senegal received $710,000 in donated medical equipment. The equipment was provided by Al Attaa and Baitulmaal. Supplies will support...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...