Bolloré acquires warehouse space at Nairobi Gate Industrial Park

KENYA – Bolloré Transport & Logistics has acquired 5,000m2 warehousing space at the Nairobi Gate Industrial Park in Nairobi to accommodate its expanding Supply Chain activities. The highly flexible ultra-modern warehouse allows Bolloré Transport & Logistics to accommodate the expanding requirements of its Contract Logistics clientele from the FMCG and Beverage industries. Located on Nairobi’s Eastern Bypass, the warehouse is highly accessible and convenient with connectivity to key arterial roads, Jomo Kenyatta international airport and the inland container depot. Modifications were also introduced for the warehouse to suit the requirements…

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Infrastructure investor Actis appoints Daulon du Laurens as Head of EMEA region

EMEA – Actis, a global sustainable infrastructure investor, has appointed Charles Daulon du Laurens as Head of EMEA within its Investor Development Group. Daulon du Laurens is based within continental Europe and he will lead fundraising and investor relations activities across Europe, the Middle East, and Africa. Daulon du Laurens will report to Neil Brown, global Head of the Investor Development Group. “We’re delighted to welcome Charles to Actis to engage our existing and prospective investor base across EMEA from within continental Europe,” Neil Brown, Head of the Investor Development…

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City Lodge Group sells hotels in Kenya and Tanzania for US$9.6m

TANZANIA –  South Africa’s City Lodge Hotel Group is selling its stakes in three hotels in Kenya, as well as its City Lodge Hotel Dar es Salaam in Tanzania, to subsidiaries of the UK-based investment firm Actis. The Kenyan hotels, 127-room Fairview Hotel in Nairobi, the 171-room City Lodge Hotel at Two Rivers in Runda also in Nairobi and the 84-room Town Lodge Upper Hill in Nairobi, will be sold for almost R141 million (US$9.5 million) while the Tanzanian hotel will fetch R1 million (US$67,366).  The 148-room City Lodge Hotel…

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BioTherm Energy rebrands as BTE Renewables with a focus on the future

SOUTH AFRICA – Africa’s leading renewable energy development platform BioTherm Energy has rebranded as BTE Renewables as it focuses on the future. BTE Renewables then known as BioTherm Energy, was acquired by Actis, a global impact investor, in August 2019 with the intention of becoming the leading renewable energy development platform and independent power producer on the African continent. Strategic business positioning sessions galvanised their intentions and facilitated the alignment of the leadership team around their mission with an aim to responsibly deliver renewable energy to the people of Africa,…

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BioTherm Energy completes four of its projects in South Africa

SOUTH AFRICA – Pan-African renewable energy company BioTherm Energy, has announced the completion of all four of its renewable energy projects in South Africa, with the latest project having come on stream in the Eastern Cape. The company’s US$451 million investment connects 284MW into South Africa’s national grid and is partnered by Thebe Investment Corporation (TIC), which has a 37.5% stake in all four projects. The 123MW Golden Valley Wind Energy Facility reached commercial operations 1 May 2021 and is expected to generate over 477GWh of renewable power each year,…

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Industrial and logistics developer Improvon launches US$110m park in Nairobi

KENYA – Improvon, one of Africa’s largest industrial and logistics developers, is constructing a US$110 million industrial park in Embakasi, Nairobi as demand for out of town industrial, commercial, residential, and public amenities soars. Their target clients include factories and processing plants, cold storage facilities, pharmaceutical and fast-moving consumer goods (FMCG) distributors. The first phase of the park, which is located off Eastern Bypass in Nairobi, has already been completed amid the Covid-19’s challenges. Its construction began last year following the leasing of a two-acre parcel of land that housed…

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Kipeto Energy wind farm to supply 100MW to Kenya’s national grid

KENYA – The second-largest wind power farm in Kenya Kipeto Energy, has announced that it will start feeding electricity to the national grid beginning next week having connected the Kipeto wind farm to the national grid and would now gradually start testing and switching on the turbines. Kipeto Energy, in a statement, said it had connected a 17km (220KV) high-voltage transmission line, linking the wind plant to the national grid at the Isinya Sub-station, and that it was ready to go live. The wind plant has an installed capacity of…

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Investment firm Actis sells its stake in C&I Leasing to Peace Mass Transit

NIGERIA – Global emerging markets private equity investment firm, Actis LLP (Actis), has successfully exited its stake in C&I Leasing Plc (C&I Leasing), after completing a trade sale to Peace Mass Transit Limited (Peace Mass Transit), a leading transport company in Nigeria. Upon conversion of the loan stock into equity, Peace Mass Transit would become the single largest shareholder in C & I Leasing Plc. Speaking on the development, The Chairman and Managing Director/Chief Executive Officer, Peace Mass Transit Limited, Dr. Sam Maduka Onyishi said the decision to invest in…

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Rack Centers unveils US$100m data center expansion plan to cater for rising demand

NIGERIA – Rack Centre, West Africa’s leading carrier neutral data center operator, has announced an expansion programme that will increase capacity to a total net lettable white space of 6000 square metres. This according to Rack Center, will pave way for 13MW of IT power capacity in its Lagos campus. The expansion is expected to bring carrier neutral scale to West Africa, and this is in response to increasing demand for data centre space from cloud uptake, telecommunication investment and outsourcing of IT facilities by enterprises in the region. The…

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Actis to receive US$100m from Korea’s National Pension Service for green energy projects

GLOBAL– UK based private equity firm, Actis LLP has secured a funding commitment from The National Pension Service of Korea for investment in green energy projects across Africa, India and Latin America. A report by Africa Energy Portal indicated that the National Pension Service committed to investing between US$100 million and US$200 million in the private equity firm. Actis LLP said it will invest in renewable energy projects that include wind and solar power in emerging markets across Latin America, Africa, India, and others. The equity firm further noted that…

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