Development Partners International (DPI) today announced the co-optation of three new partners, a strong signal for the firm’s commitment to supporting Africa’s development. Former Standard Bank executive and former official of the International Financial Corporation (IFC, a subsidiary of the World Bank), the Senegalese Babacar Ka, who has been working for DPI for 9 years, with four major transactions to his credit (Banque Atlantique – ABI, KMR Group, private university of Marrakech among others) has been appointed responsible for West Africa, crowning a faultless course.
Likewise, Zimbabwe native Takudzwa Mutasa, formerly Citigroup and then Helios Investment Partners, with 11 years of private equity experience on the counter, is appointed responsible for East Africa. For his part, Marc Stoneham, former of Mcc Kensey, Actis fund and Kingdom Zephy, is appointed portfolio manager, bringing to nine the partners of DPI.
As a reminder, DPI is a pan-African private equity firm founded by Runa Alam and Miles Morland, with approximately $ 1.7 billion in assets under management today. The company has had an active year with agreements and achievements, including its third fund, ADP III becoming the first PE fund to achieve “2X Flagship Fund” status, as part of the global “2X Challenge” initiative .
