Dubai: Dubai-based private equity group Abraaj Capital on Monday said it purchased a majority stake in a Ghanaian mortgage provider, its latest foray into Africa. Ghana Home Loans was established in 2006 and primarily targets residential home buyers. Abraaj said real estate and finance are the two fastest-growing segments in West Africa. Financial details of the deal were not disclosed. Abraaj earlier this year acquired West Africa-based frozen dairy and juice company Fan Milk International. Back then, the private equity group said it had already invested $2.2 billion in 69 companies across Africa.
Dubai: Dubai-based private equity group Abraaj Capital on Monday said it purchased a majority stake in a Ghanaian mortgage provider, its latest foray into Africa. Ghana Home Loans was established in 2006 and primarily targets residential home buyers. Abraaj said real estate and finance are the two fastest-growing segments in West Africa. Financial details of the deal were not disclosed. Abraaj earlier this year acquired West Africa-based frozen dairy and juice company Fan Milk International. Back then, the private equity group said it had already invested $2.2 billion in 69 companies across Africa.
