{"id":15420,"date":"2012-10-09T17:42:09","date_gmt":"2012-10-09T15:42:09","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/actis-raises-278-mln-for-africa-real-estate\/"},"modified":"2012-10-09T17:42:09","modified_gmt":"2012-10-09T15:42:09","slug":"actis-raises-278-mln-for-africa-real-estate","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/actis-raises-278-mln-for-africa-real-estate\/","title":{"rendered":"Actis raises $278 mln for Africa real estate"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">NAIROBI<\/span> Oct 9 (Reuters) &#8211; Emerging markets private equity<br \/>\nfirm Actis has raised $278 million for investment in African<br \/>\nreal estate to ride a housing boom fuelled by a growing middle<br \/>\nclass.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Actis, one of the largest private equity investors in the<br \/>\nworld&#8217;s poorest countries, said on Tuesday the fund, Actis<br \/>\nAfrica Real Estate 2, will focus on retail and office<br \/>\ndevelopment in east, west and southern Africa, excluding South<br \/>\nAfrica.<\/p>\n<p><span><\/span><\/p>\n<p>Although African economies are growing quickly &#8211; second only<br \/>\nto Asia &#8211; there is a lack of sufficient liquidity in Africa&#8217;s<br \/>\npublic capital markets, and investors are increasingly turning<br \/>\nto private equity to tap into the continent&#8217;s economic growth.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Sub-Saharan Africa has a population of 800 million people<br \/>\nand is the fastest urbanising region in the world but lack of<br \/>\ncapital often constrains real estate development,&#8221; David Morley,<br \/>\nhead of Real Estate at Actis, said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Governments recognise the crucial role of FDI (foreign<br \/>\ndirect investment) in this regard.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Infrastructure development is a capital-intensive business<br \/>\nthat most African governments struggling with large budget<br \/>\ndeficits cannot afford, making other regions more attractive to<br \/>\ninvestors.<\/p>\n<p><span><\/span><\/p>\n<p>The private equity group has over $300 million invested in<br \/>\nthe east African region.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier this year, it said it was looking to invest around<br \/>\n$300 million annually in Africa, with much of that earmarked for<br \/>\nbigger markets such as South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Paul Fletcher, a senior partner at Actis, said the fund was<br \/>\nevidence of Actis&#8217;s broader investment plan of building domestic<br \/>\ninfrastructure in the emerging markets.<\/p>\n<p> (Editing by James Macharia and mark Potter)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI Oct 9 (Reuters) &#8211; Emerging markets private equity firm Actis has raised $278 million for investment in African real estate to ride a housing boom fuelled by a growing middle class. Actis, one of the largest private equity investors in the world&#8217;s poorest countries, said on Tuesday the fund, Actis Africa Real Estate 2, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15420"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}