Musa Group launches Namibia Mid-Cap Fund and holds first close

14 Oct 2016

Musa Capital Namibia, an affiliate of the South African-based company, Musa Group (Pty) Ltd, recently held the first close of its Namibia Mid-Cap Fund.  The Fund was launched with capital from the Government Institutions Pension Fund (GIPF), and is Musa Group’s third African private equity fund.

The Namibia Mid-Cap Fund (the Fund), is a NAMFISA registered investment vehicle organized as a Trust for the purpose of making quasi-equity and equity investments in private Namibian companies that provide goods and services in the following priority sectors: agribusiness, consumer related industries, financial services, and light infrastructure.

The investments position the Fund to act as a broad catalyst for economic, social and financial development.  Additionally, the Fund’s focus on middle market companies drives Small and Medium Enterprise (SME) development, which in turn positions each investment to have the maximum transformational impact.

The investment strategy in Namibia was driven by a few factors but principally alignment with the Government’s Harrambee Prosperity Plan which seeks to address job creation, food security and SME development. Importantly, consistent with Musa Group’s vision, the Fund will focus on supporting local black business ownership and transformation.

If you are writing content related to this in any way, and would like to ask Musa Capital Namibia’s Managing Director, Jerome Mouton or the Head of Musa Group’s Fund Management Group, Richard Akwei, why the Group has such an interest in Namibia, please contact: +27 11 771 6300.

 

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