Nigeria to benefit from Carlyle’s $750m fund

By Uduma Kalu

Nigeria is to benefit  from Carlyle’s  $750m (N541.2m) fund to invest in Africa.

The fund, which will soon be unveiled, will be run by a three-member team based in Johannesburg, Zimbabwe and Nigeria, sources said.

The buyout group, which already has a significant foothold in North Africa, is looking to tap into a continent long ignored by big its global peers.