Atta Africa Financial Update

Executive summary: South African private equity resilient despite uncertain economic conditions.

Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry.

Notwithstanding the threat of a future downgrade has the potential to influence investment decisions and flow within the country, the continued steady pace of deal activity in the private equity market affirms the degree of confidence in the quality and integrity of South African business assets and management.

South African private equity outperformed the South African listed equity market over a 10, 5-and 3-year period to December 31, 2015.


Fact: Africa has approximately 30% of the earth’s remaining mineral resources

Central Bank of Kenya gives the nod to Oriental Bank buyout

  • The Central Bank of Kenya has given the green light to the acquisition of a 51 per cent stake in the shareholding of Oriental Commercial Bank of Tanzania
  • The regulatory approvals now set the stage for Bank M of Tanzania, to become the first Tanzanian lender to enter the Kenyan market after 73 per cent of its shareholders under the M Holdings Group agreed to buy 51 per cent stake in Oriental Commercial Bank