Public Investment Corporation
The Public Investment Corporation (PIC) is a government-owned investment management company based in Pretoria, South Africa, established in 1911. As the only firm in the country that focuses exclusively on the public sector, PIC manages assets for a range of public entities, including pension funds, social security funds, and development funds. With its operations comparable to those of private sector asset managers, PIC is recognized as one of the largest and most successful investment managers in Africa. The organization employs a combination of both internal and external fund managers to oversee its investments, ensuring a diverse and strategic approach to asset management. The governance of PIC is overseen by a board of directors, which is responsible for directing the management of the fund's assets.
Past deals in East Africa
Erin Energy
Post in 2014
Erin Energy Corporation is an independent exploration and production company focused on acquiring and developing energy resources in Africa. Founded in 2005 and headquartered in Houston, Texas, the company holds five licenses that span approximately 6,000 square kilometers across offshore Nigeria, offshore Ghana, and offshore The Gambia. Originally known as CAMAC Energy Inc., Erin Energy changed its name in April 2015. The company has encountered financial challenges, filing for Chapter 11 bankruptcy in April 2018, which was later converted to Chapter 7 in July 2018. As a subsidiary of CAMAC Energy Holdings Limited, Erin Energy aims to leverage its assets to explore and produce oil in sub-Saharan Africa.
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