• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • News

    Massive fund to boost African investment coming up

    <i>The Financial Times says that Aureos Capital, a private equity group, has announced that it will launch a USD400 million fund for Africa, a sign of investors&#8217; increased willingness to be involved in the continent&#8217;s growth.</i> Aureos Capital, a private equity group for emerging markets, is slated to kick off its USD400 million African fund on Monday, giving further proof of&#8230;

    By Newswire Newsletter // 20 February 2008



    Aureos Capital, a private equity group for emerging markets, is slated to kick off its USD400 million African fund on Monday, giving further proof of renewed investor interest in the continent despite the turmoil in some African states. The fund will make the company one of Africa’s biggest private equity investors. Aureos Advisers chief executive Sev Vettivetpillai said that crises such as that in Kenya are not enough to drive away investors from the region. “Our strategy is always to expect this kind of problem – which is why we no longer do country funds, only regional funds, and we try to build regional companies,” Vettivetpillai stated. The fund, when launched, is expected to invest at least USD2 million to USD10 million for every private enterprise in Africa. Aureos hopes to receive contribution from the China-Africa Development Fund, a USD5 billion initiative created by Beijing to extend economic aid to the continent. The company itself is a product of a partnership between the governments of Britain and Norway, particularly the development capital group CDC and the Norwegian Investment Fund for Developing Countries.

    Source: Aureos set to launch USD400m African fund (Financial Times)

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Newswire Newsletter

      Newswire Newsletter

    Search for articles

    Related Stories

    Devex Pro LiveInside BII’s strategy to unlock private capital in Africa’s fragile markets

    Inside BII’s strategy to unlock private capital in Africa’s fragile markets

    Most Read

    • 1
      How low-emissions livestock are transforming dairy farming in Africa
    • 2
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 3
      Opinion: India’s bold leadership in turning the tide for TB
    • 4
      How AI-powered citizen science can be a catalyst for the SDGs
    • 5
      WHO names new directors in ongoing restructure
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement