Leading independent alternative asset manager Capitalworks Group has launched Africa Capitalworks, an investment company that will deploy permanent equity capital in mid-market companies in strategically selected sectors across Sub Sahara Africa (“SSA”) (excluding South Africa). Africa Capitalworks aims to raise USD 300 million and has already secured early support and substantial investment, including from CDC, the UK’s development finance institution, and the Public Investment Corporation SOC Limited (PIC) on behalf of its client the South African Government Employees Pension Fund (GEPF).

Invest Africa (IA) is delighted to announce that Zemedeneh Negatu, Global Chairman of Fairfax Africa Fund, has joined the Advisory Board.

Zemedeneh, is widely recognised as one of Africa’s top business leaders, brings a host of experience to the IA Advisory Board. Having founded Ernst & Young’s Ethiopia practice and subsequently serving as its Managing Partner for 18 years, Zemedeneh, as of 2017, was also appointed the Global Chairman of the American investment firm, Fairfax Africa Fund.