Coors-led African private equity fund opens Johannesburg office

One Thousand & One Voices, a private equity fund started by the great grandson of the founder of USA-based Coors Brewing Company, said it’s opening a Johannesburg office after hiring three former Standard Bank Group employees.

Navaid Burney, who was chief operating officer at Pangea Exploration and previously head of Africa private equity for Standard Bank, will lead the Johannesburg team, USA, Denver-based One Thousand & One Voices said in a statement today.

 

Merafe Moloto, managing director at Motseng Investment Holdings, and Michael Adiukwu of Standard Bank’s leveraged and acquisition finance unit, will be directors of the fund.

 

One Thousand & One Voices has raised more than $100-million of the $300-million targeted for the fund, which will invest in the fastest-growing nations on the continent, including Kenya, Ghana, Tanzania and Nigeria.

 

While Standard Bank closed its private equity operations in 2011, Africa is attracting firms, including Carlyle Group and Actis, with faster economic growth rates than developed nations. – Bloomberg

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Seventeen people found dead in East London nightclub

At least 17 young people were found dead at a nightclub in a township in the southern city of East London on Sunday, police said

Gauteng ANC produces solid financials, feather in treasurer Parks Tau’s...

The provincial administration has, however, struggled to pay staff salaries

Rwanda refugees fear extradition from Mozambique

Mozambique and Rwanda’s new deal comes after 19 people ‘agreed’ to return home

Zandile Tshabalala exhibits for the first time in SA with...

Pandering to the art world is no longer a prerequisite for success. Zandile Tshabalala has proved this in the last two years by exhibiting abroad before coming home
Advertising

press releases

Loading latest Press Releases…
×