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New Africa-focused fund launched
Pakistani financial and industrial group JS Group and Stanhill Capital Partners, a banking group based in Hong Kong, have started Africa Coal Fund, a fund dedicated to investing into Africa’s coal resources, confirming the continent’s booming investing opportunities.
The fund, whose first investment is expected for the beginning of 2012, will be administered from Hong Kong.
The two companies said that the new fund won’t have external investors and that Stanhill Capital will control a minority interest in it.
