WhiteLake Group
  • Home
  • Blog
  • About
  • Contact
  • Home
  • Blog
  • About
  • Contact
Search

Africa Update

4/28/2015

0 Comments

 
As a follow-up to my blog post last week about African private equity, there was the announcement today, that Atlas Mara was acquiring a 45 % stake in Banque Poplaire du Rwanda and merge it with an existing bank to create Rwanda’s largest bank by branches and second largest by assets.  AtlasMara was the investment vehicle set up by former Barclay’s CEO, Bob Diamond and Ugandan / British entrepreneur Ashish Thakar to take advantage of the growing African economies by investing in African banking assets.

How does this relate to London, and London pioneers?  First off, they raised a fairly substantial $625 million in equity capital since its IPO on the London Stock Exchange.  Secondly, it aims to apply Western technology, governance and leadership expertise to frontier markets.   Finally, it’s a pioneer– this London based-firm aims to be a positive disruptive force in Sub-Saharan Africa. A totally unique vehicle giving investors a pure play on a diversified cross section of the African financial sector combined with the advantages of UK regulation and a listing on the LSE.  And for the institutions in Africa that it invests in, a new source of capital. It’s another example of how entrepreneurs,  both big and small have to continually think out of the box when thinking of sources of capital. 

By Ashok Parekh, Director of Investment Services
0 Comments



Leave a Reply.

    CONTRIBUTORS


    JOHN ROWLAND, Managing Partner, Whitelake Group

    SIERRA CHOI,
    Adviser, Whitelake Group


    ASHOK PAREKH,
    Director of Investment Services,

    Whitelake Group


    Archives

    June 2022
    March 2022
    December 2021
    October 2021
    September 2021
    May 2021
    April 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    April 2020
    March 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    March 2019
    February 2019
    December 2018
    November 2018
    October 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015

    Categories

    All

    RSS Feed

Proudly powered by Weebly
  • Home
  • Blog
  • About
  • Contact