Posted: Thu, 21 Sep 2006 13:17 | Copyright by Moneyweb Holdings Limited, 1997-2006

Thursday 21 September 2006, Somerset West: Robust investment activity on the African continent is a powerful indicator of the level of interest in the potential the continent has to offer. That much was apparent as Loyiso Jiya, project finance advisory at Ernst & Young's South African office, delivered a presentation on global investment activity in Africa at the organisation's Africa Tax Conference in Cape Town earlier this week.

Tracking the level of investment in Africa, Jiya says it is necessary to contextualise the deals done out of the continent against a global benchmark. "Globally, project finance activity increased by 35% year on year [2004-2005], with China and India at the centre of new investments while private equity companies are playing an increasingly significant role." In line with this trend he adds that it can be assumed that it is likely that private equity will be the source of funding for opportunities on the African continent.

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Posted by pichu at September 21, 2006 3:29 PM