Thursday, May 24, 2007

US fund ECP raises $523 mln for Africa investment

(Reuters) - U.S.-based private equity group Emerging Capital Partners (ECP) has closed its EMP Africa Fund II, raising $523 million for investment in Africa, the firm said on Thursday.

The Africa Fund II will focus on investments in the telecommunications, natural resources, financial services, agribusiness, utility and transportation sectors.


Read more at Reuters Africa

No comments: