Tag Archives: Private Schools
Private Schools: Latest News
Kurt Davis Jr., 3:07 am AFKI Original
Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.
Kurt Davis Jr., 7:56 am AFKI Original
Rising incomes in Africa mean more people are willing to pay for better schooling. Nigeria and Ghana haven’t seen as big of a boost as Kenya in private education investment. Accra, Abuja, and Lagos are still starved for affordable private education options for the middle class. With private school fees at $4,000 to $5,000 a year, the opportunity for investment is massive. Here are five opportunities for investing in African private education.
Kevin Mwanza, 10:05 am
South Africa’s Curro Holdings plan to merge private schools in the country have collapsed after parents warned they will withdraw their kids from academies if the company, which they accused of segregating students into races, bought them. The company that is 52 percent owned by PSG Group, an investment firm that was founded by Afrikaaner-businessman Jannie Mouton also known as the “Boere Buffett”
Staff, 9:47 am
Rising incomes have created a pool of customers willing to pay for private schools in Africa, driving an explosion in education businesses. Private schools are springing up everywhere from Lagos to Kenya offering annual fees from $2,000 to as much as $16,000 and pulling in big profits. One South African company reported that a takeover bid sent it shares skyrocketing.
Staff, 8:34 am
Mark Zuckerberg has joined the likes of Bill Gates, Omidyar Network, Pearson and IFC to invest into East Africa’s fastest growing private school chain Bridge International Academies, touted as the world’s largest chain of pre-primary and primary schools. Zuckerberg invested $10 million into the private chain school to help expand the reach of education to many.
Bloomberg Africa, 8:47 am
Curro Holdings Ltd., an operator of private schools in South Africa, plans to raise 1.44 billion rand ($124 million) from debt markets and a rights issue as it seeks to develop new institutions and explore potential acquisitions. Shareholders will be offered the right to buy one share for every 11 they already own at 25 rand each, the Cape Town-based company said in a statement on Tuesday.
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