VENTURE CAPITAL POST

Alexander Forbes stated in its latest annual report that it is mulling further expansion in African countries.

Prima Reinsurance Plc planned to get around USD4 million through an initial public offering to be listed on the Lusaka Stock Exchange.

Samsung appointed a new African CEO and boosted capital spending.

IHS announced that it had collected a total of US$522 million from the IFC and private equity investors.

South Africa's second-biggest financial services corporation's talks to purchase Merchant Ghana Bank failed.

Rwanda reached its yearly projected investment amount after only six months.

Forte Energy NL entered a non-binding contract for the intended purchase of Leominex for the growth of its uranium portfolio.

MTN Group Ltd. stalled its talks with Reliance Communications Ltd. due to India's current revision of rules on mergers and acquisitions.

Mark Mobius of Templeton Emerging Markets Group considered investing in Africa.

In a recent study, the United Kingdom leads the merger and acquisitions investments in Africa.

The United States' wealthiest universities are eyeing Africa as their latest investment nest.

A study has found that Academic endowments to Africa outperformed the US S&P 500 in the past decade.

Standard Chartered organized this year's annual conference held in India by bringing African chairmen.

Mark Mobius, CEO of Templeton Emerging Markets Group said that he has considered tapping growth in African emerging markets through private equity investments.

Vodafone Group PLC was expanding its enterprise in Africa with the hope to provide better service in the nation after earning Euro 1 billion.