Weekly Wrap, October 25th, 2021; SGH adds second petrochemicals asset to portfolio, Ezdehar lands another DFI commitment, Afreximbank seeks new FEDA CEO, and more…

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Last week in brief…October 25th, 2021

We led this week with news of the second deal of recent weeks transacted by investment holding company Sakhumnotho Group Holdings or SGH. This time, the Johannesburg-based investor is taking a 26% stake in a company holding Refinex, one of Southern Africa’s largest privately-held petrochemical companies, and SA Tank Terminals (SATT), a bulk liquid storage company. Rather coincidentally, the deal values the combined assets at about $26 million. Both SGH and the company management teams aim to build the businesses up into important players in their market sectors.

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