Meridiam prepares its new fund for Africa
Meridiam is putting together its next fund for Africa, which has to be approved by the financial markets authority (AMF) by the end of the year.
While Olam set up its first fund, Arise Ports & Logistics, in London, from where its partner, AP Moeller Capital, runs its operations, the agribusiness giant has chosen Mauritius's more welcoming fiscal landscape for its second and third funds, Arise Infrastructure and Arise Special Economic Zone.
Port Autonome de Nouakchott (PAN) director Sid'Ahmed Ould Raiss has told the Franco-Singaporean joint venture Arise, which is currently building the port's new container terminal, that he has decided to terminate the lease on its premises at the port.
At a time when many African capitals are constructing new airports to ease congestion around urban centres, such projects are giving rise to intense rivalry between new and established powers on the continent, all against a backdrop of growing sub-regional