Featured

The Namibian Mid-Cap Fund (NMCF) has completed the acquisition of 100% of the shareholding in Swanib Cables from Powertech International Holdings, part of the JSE listed Altron Group. Swanib Cables is a distributor of electric cables, transformers and fibre optic cables to the Namibian mining, utilities, infrastructure and telecom sectors.

Namibian ownership for Swanib CablesThe Swanib acquisition was made with the intention to grow the organisation into a regional diversified distribution platform through a combination of organic and bolt-on acquisitive growth, the NMCF said in a statement. The acquisition is aligned with the Namibian Government and the Government Institutions Pensions Fund’s (GIPF) policy goals of infrastructure investment to drive economic growth, job creation, as well as meaningful economic transformation and participation.

Musa Capital Namibia (MCN) is the Fund Manager for the Namibian Mid-Cap Fund, and a subsidiary of Johannesburg based firm, Musa Group (MG). MG is a diversified operating company with financial advisory and fund management capabilities that has been operating in Africa for 22 years. NMCF is the Musa Group’s third African private equity fund.

NMCF is a Namfisa registered investment vehicle, organised as a Trust in Namibia for the purpose of making quasi-equity and equity investments in private Namibian companies. MCN primarily targets investments into existing businesses requiring expansion capital in priority sectors including agribusiness, consumer related industries, financial services, logistics, and light infrastructure. The Fund’s focus on middle market companies drives small and medium enterprise development, which in turn positions each investment to have the maximum transformational impact for the Namibian economy.

“This transaction is expected to provide broader benefits to the Namibian economy, including localising shareholding from a South African JSE-listed shareholder to Namibian beneficiaries and incentivising empowerment partners to grow the value of the business,” NMCF said. “It will also empower locals, including previously disadvantaged Namibians, through meaningful equity participation and Namibian job creation.”

Image credit: Copyright: nomadsoul1 / 123RF Stock Photo

Magazines

African Fusion

AfricanFusionAfrican Fusion, the official publication of the Southern African Institute of Welding (SAIW), aims to provide up-to-date insight into welding technology and the welding industry.

Capital Equipment News

Capital Equipment News is dedicated to the application of equipment and modes of transport that are used in the mining, construction, quarrying, and transport industries.

Construction World

ConstructionWorldConstruction World was first published in 1982 and has grown to become a leader in its field, offering a unique mix of editorial coverage to satisfy the diverse needs of its readers.

Electricity + Control

ElectricityandControlE + C publishes innovative, technical articles that provide solutions to engineering challenges in measurement, automation, control, and energy management.

Lighting in Design

LightingandDesignLighting in Design is a glossy, upmarket publication aimed at lighting professionals. It is the only B2B magazine in SA that is dedicated solely to the subject of lighting.

MechChem Africa

MechChemJanuary2017cover MechChem Africa supports African engineering and technical managers across the full spectrum of chemical and mechanical disciplines.

Modern Mining

ModernMiningEstablished in 2005, Modern Mining is one of SA's leading monthly mining magazines, noted for the quality and accuracy of its writing and the breadth of its coverage.

Modern Quarrying

ModernQuarryingModern Quarrying is firmly entrenched as a leading industry-specific magazine. It focuses on promoting the science and practice of quarrying and processing in southern Africa.

Sparks Electrical News

SparksElectricalNewsReadable and informative, Sparks Electrical News is the newspaper for those involved in installing and maintaining electrical supplies and equipment.

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input