The Carlyle Group announced that it would expand its presence in emerging markets to conduct buyout and capital growth investments in sub-Saharan Africa.
The financier will make its priority sectors consumer goods, financial services, agriculture, infrastructure, and energy. The newly created team will operate out of Johannesburg and Lagos. "Sub-Saharan Africa is one of the fastest growing regions in the world, driven by favorable demographics, expanding domestic industries and an improving political environment," said Greg Summe, a Carlyle managing director and vice chairman of the Global Buyout group.
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