{"id":640808,"date":"2017-09-05T11:56:26","date_gmt":"2017-09-05T11:56:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/"},"modified":"2017-09-05T11:56:26","modified_gmt":"2017-09-05T11:56:26","slug":"fairfax-making-waves-in-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/","title":{"rendered":"Fairfax making waves in Africa"},"content":{"rendered":"<p><strong>Fairfax liking Africa these days: <\/strong>Canada\u2019s Fairfax Financial Holdings is willing to pump USD 386 mn into Afrisam Group Pty to better position the cement producer to merge with rival PPC, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-04\/fairfax-is-said-to-back-afrisam-to-clinch-african-cement-deal\">according to Bloomberg<\/a>. The merger has been talked of for a long time now, but looks to heat up again with Fairfax\u2019s offer to clear Afrisam\u2019s default-threatening debt for an equity stake. Fairfax a <a href=\"http:\/\/www.cibeg.com\/English\/InvestorRelations\/CompanyStructure\/Pages\/Shareholding-Structure.aspx\">substantial stake in Egypt\u2019s CIB<\/a> and has been making a splash in Africa recently with its purchase of a 42% stake in Atlas. The firm has a fund worth USD 500 mn committed to Africa and is known for its contrarian views.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fairfax liking Africa these days: Canada\u2019s Fairfax Financial Holdings is willing to pump USD 386 mn into Afrisam Group Pty to better position the cement producer to merge with rival PPC, according to Bloomberg. The merger has been talked of for a long time now, but looks to heat up again with Fairfax\u2019s offer to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640808","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bd63468b-5417-44ef-841c-c467544a461c","order":"0","is_powered_by":true,"section_story_id":"fe0d4197-3185-49e0-985d-55d46f7315ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[640791],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fairfax making waves in Africa - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fairfax making waves in Africa\" \/>\n<meta property=\"og:description\" content=\"Fairfax liking Africa these days: Canada\u2019s Fairfax Financial Holdings is willing to pump USD 386 mn into Afrisam Group Pty to better position the cement producer to merge with rival PPC, according to Bloomberg. The merger has been talked of for a long time now, but looks to heat up again with Fairfax\u2019s offer to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-05T11:56:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fairfax making waves in Africa\",\"datePublished\":\"2017-09-05T11:56:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\",\"name\":\"Fairfax making waves in Africa - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-09-05T11:56:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fairfax making waves in Africa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fairfax making waves in Africa - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/fairfax-making-waves-in-africa\/","og_locale":"en_US","og_type":"article","og_title":"Fairfax making waves in Africa","og_description":"Fairfax liking Africa these days: Canada\u2019s Fairfax Financial Holdings is willing to pump USD 386 mn into Afrisam Group Pty to better position the cement producer to merge with rival PPC, according to Bloomberg. 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Canada\u2019s Fairfax, a top shareholder of CIB, is leading a turnaround at Atlas, having invested\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575467,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/moves-paresh-suktankar-selected-as-fairfax-representative-in-cib-board\/","url_meta":{"origin":640808,"position":1},"title":"Moves: Paresh Suktankar selected as Fairfax representative in CIB board","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"MOVES- CIB non-executive board member Paresh Sukthankar (bio) has been selected by Canada\u2019s Fairfax Financial Holdings to represent their investments in the bank, according to an EGX filing (pdf). Fairfax holds a 6.55% stake in CIB. Sukthankar will succeed Bijan Khosrowshahi (Linkedin) who is stepping down after six years on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647250,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/chemplast-sanmar-to-invest-usd-300-mn-in-egypt-turnaround\/","url_meta":{"origin":640808,"position":2},"title":"Chemplast Sanmar to invest USD 300 mn in Egypt turnaround","author":"enterpriseam admin","date":"7 May 2017","format":false,"excerpt":"Continuing last week\u2019s drumbeat of investment stories: Chemplast Sanmar plans to investUSD 300 mn to \u201cturn around\u201d its Egyptian business, India\u2019s LiveMint reports. \u201cWe are investing USD 300 mn in doubling our PVC capacity (in Egypt to 400k tonnes). One particular approval to build a pipeline did not come through\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628677,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/alta-semper-plans-to-invest-usd-200-mn-in-health-consumer-sectors-in-africa-including-egypt\/","url_meta":{"origin":640808,"position":3},"title":"Alta Semper plans to invest USD 200 mn in health, consumer sectors in Africa, including Egypt","author":"enterpriseam admin","date":"10 May 2018","format":false,"excerpt":"INVESTMENT WATCH- Alta Semper plans to invest USD 200 mn in health, consumer sectors in Africa, including Egypt: London-based private equity firm Alta Semper is planning to invest USD 200 mn in the health and consumer sectors in Egypt and the rest of Africa over the next two years, Cairo\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569417,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/banque-misr-looks-to-borrow-usd-250-mn-for-africa-expansion\/","url_meta":{"origin":640808,"position":4},"title":"Banque Misr looks to borrow USD 250 mn for Africa expansion","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"Banque Misr eyes USD 250 mn loan for SME finance: Banque Misr is in talks with two unnamed international institutions for a USD 250 mn loan to increase its SME financing in Egypt, Chairman Mohamed El Etreby tells Bloomberg. 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