Africa’s power shortages spell opportunity for Blackstone

Image Credit: Andrew Gersh

Africa’s massive need for capital will see private equity playing more of a key role, according to Blackstone, who are focused on power generation and transmission infrastructure projects on the continent.  The private capital investor’s CEO, Steve Schwarzman, tells Reuters that, having developed electricity projects worth over $25 billion, the company’s approach is to “stay in types of investments we are very comfortable, where there is an enormous demand for capital.” Another critical component for any potential deals will be teaming up with local partners who provide the experience, relationships and knowledge essential for any project’s success.

Read more at Reuters…

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