In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia. They are the latest African firms to be courted by the world's biggest private equity funds - French insurer AXA is paying U.S. $246 million to purchase Assur Africa Holdings in a bid to extend its reach to the Nigerian market. The funds' aggressive Africa investment strategies...


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