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Friday, November 16, 2012

Carlyle Group to Make Africa Investment

Source: Wall Street Journal

JOHANNESBURG—Carlyle Group LP CG -0.23% has joined the private-equity crowd in Africa.

The buyout specialist on Wednesday is expected to unveil the first investment of its new Sub-Saharan Africa Fund, one of many looking for capital and deals on the continent. Its foray into Africa represents one of the continent's bigger private-equity investments in recent years. Carlyle is part of a small group of investors that will inject $210 million into Export Trading Group, a Tanzania-based agricultural company that sources commodities from Africa's small farmers and sells those goods to China, India and elsewhere.

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  • Managing Partners

    William Davidson Institute
  • Sponsoring Partner

    Citi Foundation
  • Content Partners

    Ashoka
  • Content Partners

    IADB
  • Content Partners

    MercyCorps

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