Nedbank and Norfund Make Strategic Investment in South Africa's Pele Energy
3 months ago
In a significant move aimed at bolstering renewable energy initiatives in South Africa, Nedbank and the Norwegian Investment Fund for Developing Countries (Norfund) have jointly acquired a substantial stake in Pele Energy. This partnership comes at a crucial time for the country, as it seeks to diversify its energy sources and reduce reliance on fossil fuels.
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Private Equity Firms Hire Nedbank to Seek Buyer for Kenya-Based Candy Maker Stake
5 months ago
In a strategic move indicative of the growing interest in Africa's consumer market, private equity firms are enlisting the services of Nedbank to identify buyers for a stake in one of Kenya's prominent confectionery companies. This development is part of a broader trend where private equity firms are increasingly recognizing the potential of African businesses in the global market.
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