DR. KHALID AL-MANSOUR BROADENS HIS SUPPORT FOR AFRICA

JOHANNESBURG 16 January 2006: Dr. Al-Mansour, an Africa Venture Partners board member, broadens his activity in Africa by supporting Prince Al-Waleed bin Talaal’s new investment initiatives on the Continent.  The Prince, through Kingdom Holdings, has significant interest in two recently initiated private equity funds focused on Africa, with over $500 million of available capital.

Dr. Al-Mansour has been an active private investor in Africa for over 35 years and has traveled with Prince Al-Waleed to visit over 40 African heads of state to discuss investment opportunities.   

Dr. Al-Mansour joined the Africa Venture Partners’ board of directors almost from inception of the company, and continues to provide tireless support and strategic direction.