Private Equity Builds African War Chest Amid Commodity Rout

Updated on
  • Currency slumps making assets cheap to buy in dollars
  • Investors on sidelines because of some currency controls

Skyscrapers stand on the city skyline looking west from the Carlton Center in Johannesburg, South Africa,

Photographer: Dean Hutton/Bloomberg

Private-equity companies amassed a $4.3 billion war chest for investment opportunities in Africa last year as the global commodity rout and weakening local currencies cut prices of potential target companies.

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