Tuesday, May 11, 2021 UTC
Recognized by industry leaders for extensive coverage on African Asset Management

Fund Performance (USD returns)

Africa Global Funds’ proprietary database provides searchable investment information on listed funds covering African region. The section covers USD fund performance for long only, hedge funds, fixed income and trade finance funds.

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NameUpdatedYTD1 Month1 Year3 Year5 YearAUM ($,m)StrategyFocusDomicileTypeStart
******* 2021-03-31 +0.64 -3.71 +30.00 -9.06 ******* African region Open-End 6/06
******* 2021-04-30 +9.66 +5.60 +22.84 -11.25 -1.32 4.54 (04/21) ******* African region Mauritius Open-End 7/08
******* 2021-04-30 -0.90 -0.56 +8.21 +4.05 +5.85 0.26 (04/21) ******* African region Mauritius Open-End 05/14
******* 2021-03-16 +0.84 +0.88 +10.65 -1.70 13.56 (02/21) ******* African region South Africa Unit Trust 10/16
******* 2021-02-28 +3.83 -0.93 +9.11 -9.76 +0.23 7.10 (02/21) ******* African region Luxembourg UCITS 12/10
******* 2021-03-31 -2.61 -4.65 +17.57 -11.00 +0.99 30.00 (03/21) ******* Africa ex-SA Ireland UCITS 11/16
******* 2021-03-31 +3.35 -5.65 +47.20 -2.77 +2.20 53.30 (02/18) ******* African region Cayman Isl. Open-End 04/09
******* 2021-03-31 +1.35 -3.59 +20.50 -6.29 +5.71 214.20 (03/21) ******* Africa ex-SA Cayman Isl. Open-End 01/14
******* 2021-03-31 +0.62 -19.01 -1.59 -6.87 0.29 (03/21) ******* African region Guernsey Open-End 01/07
******* 2021-04-15 +2.87 +9.71 +6.00 +6.40 ******* Africa & Middle East Bermuda Open-End 12/11
******* 2021-01-31 -1.75 -1.75 -17.38 -0.92 -6.32 0.29 (01/21) ******* African region Guernsey Open-End 7/13
******* 2021-04-15 -1.69 -1.81 +20.13 -9.05 -0.02 66.18 (01/21) ******* African region Luxembourg SICAV 6/09
******* 2021-03-31 -0.10 +0.60 +49.63 -4.55 +2.77 142.03 (04/21) ******* African region Luxembourg SICAV 5/08
******* 2021-04-15 +3.53 -2.29 +21.23 -6.88 -0.32 37.98 (03/21) ******* African region Luxembourg SICAV 07/08
******* 2021-03-31 +5.34 -6.84 +49.86 -6.84 +1.03 25.01 (02/18) ******* African region BVI Open-End 6/05
******* 2021-04-15 +11.01 +2.03 +56.99 +7.01 +9.17 536.19 (03/21) ******* EMEA Luxembourg SICAV 06/07
******* 2021-03-31 +12.21 +5.94 +55.09 -0.08 +6.95 126.50 (03/21) ******* MENA & SSA United States Open-End 10/11
******* 2021-01-31 +0.10 +0.10 +5.70 +7.00 +13.70 412.00 (01/21) ******* Africa ex-SA Bermuda Open-End 3/13
******* 2021-04-15 -2.00 -0.15 +15.91 -4.55 +1.87 6.85 (03/21) ******* African region Luxembourg SICAV 8/14
******* 2020-12-31 +113.25 +50.00 +113.25 -23.88 -9.28 9.94 (02/18) ******* Zimbabwe BVI Open-End 3/07
******* 2021-03-31 +4.76 +0.06 +41.03 -6.97 +3.84 23.10 (03/21) ******* African region Netherlands Open-End 6/08
******* 2021-03-31 +7.91 +4.48 +14.50 -12.83 -0.60 30.00 (03/21) ******* African region Ireland Open-End 1/09
******* 2021-03-31 -3.50 +0.50 +13.00 +4.70 +8.30 11.01 (03/21) ******* African region Mauritius Open-End 2/14
******* 2021-03-31 +1.96 -1.32 +68.59 -4.99 +7.80 300.00 (03/21) ******* Africa ex-SA Mauritius Open-End 02/12
******* 2020-12-31 +20.99 +11.17 +20.99 9.91 (12/20) ******* African region Cayman Isl. Open-End 03/19
******* 2021-04-30 +4.29 +5.15 +22.60 -8.56 -4.02 56.28 (04/21) ******* Sub-Saharan ex.SA Cayman Islands Open-End 07/08
******* 2021-04-30 +2.16 +4.15 +14.49 66.59 (04/21) ******* Africa ex-SA Cayman Islands Open-End 05/19
******* 2021-04-15 -23.16 -13.52 -72.70 -44.90 -28.65 2.54 (03/21) ******* African region Mauritius Open-End 12/07
******* 2021-03-31 +3.45 -0.27 +11.31 -12.57 -3.53 326.00 (03/21) ******* Africa ex-SA Cayman Isl. Open-End 06/14
******* 2021-03-31 +19.51 +5.25 +56.62 -1.79 +8.48 352.00 (03/21) ******* Africa ex-SA Bermuda Open-End 1/12
******* 2021-03-31 +18.25 +6.17 +45.63 -3.73 +4.87 342.00 (03/21) ******* Africa ex-SA Ireland Unit Trust 10/08
******* 2021-04-15 -1.82 -0.72 +21.56 -5.96 +0.03 8.42 (03/21) ******* African region Luxembourg SICAV 6/10
******* 2021-03-31 -2.59 -3.41 +19.21 -9.44 -2.52 92.00 (03/21) ******* Africa ex-SA South Africa Open-End 01/16
******* 2021-03-31 -0.92 -3.01 -20.55 -2.84 +5.09 291.00 (03/21) ******* Africa ex-SA Ireland Open-End 5/10
******* 2020-09-30 -10.90 +2.50 -6.70 -16.10 -7.80 4.90 (09/20) ******* African region Mauritius Open-End 9/15
******* 2021-03-31 -1.89 -2.71 +19.36 -9.20 30.00 (03/21) ******* Africa ex-SA South Africa Open-End 06/14
******* 2021-04-15 +10.08 +7.34 +79.16 -6.91 +3.18 2.91 (03/21) ******* African region USA Open-End 11/11
******* 2021-02-28 +0.21 +0.21 (02/21) ******* African region Mauritius Open-End 09/16
******* 2021-04-15 +8.62 +6.97 -3.07 +2.50 +3.85 12.30 (03/21) ******* African region Ireland Open-End 3/15
******* 2021-04-15 +5.41 +57.45 118.14 (02/21) ******* African region Bermuda Open-End 4/17
******* 2021-03-31 -1.75 -1.90 25.00 (01/19) ******* Sub-Saharan ex.SA Cayman Isl. Open-End 12/14
******* 2021-03-31 -1.39 -1.68 6.20 (03/21) ******* SSA ex-SA BVI Open-End 10/20
******* 2021-03-31 -3.90 -0.40 +20.60 37.80 (03/21) ******* African region Mauritius Open-End 9/18
******* 2021-04-30 -0.45 +3.99 +27.85 -16.74 31.69 (04/21) ******* African region BVI Open-End 8/09
******* 2021-03-31 +0.11 -1.92 +27.27 -9.38 +0.84 8.00 (03/21) ******* Africa ex-SA Holland Open-End 03/08
******* 2021-04-30 +23.15 +8.79 +28.75 -9.67 +4.60 154.00 (04/21) ******* Africa ex-SA Malta SICAV 09/11
******* 2021-04-30 +13.76 +4.39 +39.52 -4.62 +5.38 76.00 (04/21) ******* Africa ex-SA Ireland Open-End 07/15
******* 2021-03-31 +1.44 -0.51 +15.68 +18.77 422.00 (03/21) ******* Africa ex-SA Mauritius Open-End 10/16

Source: Company Data, Morningstar

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires "Professional" subscription, Subscribe to AGF now!

Africa Sovereign Bond Indices (total returns USD)

CountryMar3 Month1 Year
******* -2.00 -3.52 +4.71
******* +0.87 +2.63 +15.24
******* +1.18 +8.85 +28.91
******* +0.57 +0.44 +6.50
******* -3.23 -2.96 +2.97
******* -1.29 -0.42 +18.45
******* +1.70 -1.80 +48.16
******* -0.12 -19.64 +11.79
******* -0.15 -2.30 +40.92
******* +0.52 +2.23 +27.04
******* +1.37 +5.73 +22.26
******* +3.73 +4.14 +16.58

African Equity Indices (gross total returns USD)

CountryMar3 Month1 Year
******* -2.77 -8.54 -0.76
******* -1.40 -8.95 +21.94
******* -8.29 -2.23 +11.14
******* +0.09 +15.55 +7.52
******* -2.41 +4.69 +17.83
******* -2.01 -0.09 +7.96
******* -0.65 -3.93 +4.86
******* -0.45 +0.05 +36.85
******* +11.04 +1.10 -2.44
******* +2.13 -3.93 +72.90
******* -5.56 -6.59 -14.69
******* +6.49 +12.62 +84.54
******* +0.81 +2.90 +8.32
******* +4.02 -0.08 +11.12
******* +0.04 +4.08 +8.21
******* +2.31 +6.14 -0.04

Source: S&P Dow Jones Indices

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Economic Indicators

as of 11 December 2019

CountryInterest Rate (%)Inflation Rate (%)CPIUnemployment Rate (%)GDP annual growth rate (%)Debt to GPD (%)
Algeria +3.75 +2.20 +222.00 +11.70 +0.30 +36.90
Botswana +4.75 +2.40 +102.00 +17.90 +3.10 +13.40
Cameroon +3.50 +2.40 +115.00 +3.40 +4.20 +34.00
Cape Verde +5.50 +0.70 +101.00 +12.20 +6.20 +124.00
Côte d'Ivoire +4.50 +0.30 +103.00 +2.50 +7.40 +24.50
Egypt +12.25 +3.60 +105.00 +7.80 +5.60 +90.50
Ghana +16.00 +8.20 +110.00 +6.70 +5.70 +59.30
Kenya +8.50 +5.56 +203.00 +9.30 +5.60 +57.00
Malawi +13.50 +9.60 +117.00 +5.40 +4.00 +62.00
Mauritius +3.35 +0.30 +103.00 +6.60 +3.40 +63.00
Morocco +2.25 +0.70 +121.00 +9.40 +2.50 +65.20
Mozambique +12.75 +2.58 +124.00 +25.04 +2.00 +113.00
Namibia +6.50 +3.00 +138.00 +33.40 -2.60 +45.10
Nigeria +13.50 +11.61 +302.00 +23.10 +2.28 +17.50
Rwanda +5.00 +11.80 +129.00 +16.00 +12.20 +41.10
South Africa +6.50 +3.60 +114.00 +29.10 +0.10 +55.80
Swaziland +6.50 +1.90 +141.00 +22.50 -0.50 +10.75
Tanzania +7.00 +3.80 +116.00 +9.70 +7.20 +37.40
Tunisia +7.75 +6.30 +128.00 +15.10 +1.00 +69.20
Uganda +9.00 +3.00 +179.00 +2.10 +5.10 +40.00
Zambia +11.50 +10.80 +239.00 +7.15 +2.20 +59.00
Zimbabwe +35.00 +440.00 +403.00 +4.90 +4.00 +77.60

Source: Trading economics, African Central Banks

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires a "PE Pro" or "Professional" subscription, Subscribe to AGF now!

PE Deals

Africa Global Funds’ proprietary database provides searchable deals information for active private equity and venture capital funds targeting Africa. The section provides information on all deals that have been reported by PE/VC firms in Africa from January 2016 to date.

CompanyInvestmentIndustryCountry/RegionDeal TypeParticipationFund(s)Date AnnouncedRelated article
******* ******* Fintech Nigeria Pre-seed $1m ******* 2020-04-29 Subscribe Now!
******* ******* Pharmaceuticals Morocco Undisclosed ******* 2020-04-15 Subscribe Now!
******* ******* Agribusiness Malawi Buyout Undisclosed ******* 2020-04-22 Subscribe Now!
******* ******* Education Mozambique Growth Capital Undisclosed ******* 2020-04-10 Subscribe Now!
******* ******* Logistics Liberia $7.5m ******* 2020-04-06 Subscribe Now!
******* ******* Healthcare West Africa Venture Capital $7m ******* 2020-04-30 Subscribe Now!
******* ******* Mining DRC Buyout $50m ******* 2020-04-02 Subscribe Now!
******* ******* Energy Kenya Buyout Undisclosed ******* 2020-04-16 Subscribe Now!
******* ******* Supermarket Kenya $10m ******* 2020-04-23 Subscribe Now!
******* ******* Healthcare Pan-Africa Series A $15m ******* 2020-04-23 Subscribe Now!
******* ******* Financial Services Nigeria Buyout ******* 2020-03-02 Subscribe Now!
******* ******* Software South Africa Buyout Undisclosed ******* 2019-09-05 Subscribe Now!
******* ******* Agriculture Uganda Growth Capital ******* 2019-09-03 Subscribe Now!
******* ******* Fintech Nigeria Series A Undisclosed ******* 2019-09-25 Subscribe Now!
******* ******* Energy West Africa Subordinated Junior Debt Undisclosed ******* 2019-09-03 Subscribe Now!
******* ******* Fintech Pan-Africa Buyout Undisclosed ******* 2019-09-24 Subscribe Now!
******* ******* Hospitality Mauritius Growth Capital Undisclosed ******* 2019-09-12 Subscribe Now!
******* ******* Retail Kenya Buyout Undisclosed ******* 2019-09-27 Subscribe Now!
******* ******* Analytics South Africa Buyout Undisclosed ******* 2019-08-08 Subscribe Now!
******* ******* Ice Manufacturing Uganda Growth Capital Undisclosed ******* 2019-07-21 Subscribe Now!
******* ******* Energy South Africa 0.26 ******* 2019-07-11 Subscribe Now!
******* ******* Energy Senegal 0.6 ******* 2019-07-21 Subscribe Now!
******* ******* Food retail Tunisia Growth Capital Undisclosed ******* 2019-07-26 Subscribe Now!
******* ******* Grocery retail Egypt Undisclosed ******* 2019-07-17 Subscribe Now!
******* ******* Insurance Nigeria Growth Capital 0.3925 ******* 2019-07-18 Subscribe Now!
******* ******* Mobile payment Pan-Africa Undisclosed ******* 2019-07-18 Subscribe Now!
******* ******* Healthcare Nigeria Venture Capital Undisclosed ******* 2019-07-05 Subscribe Now!
******* ******* Agribusiness Tanzania Growth Capital Undisclosed ******* 2019-07-17 Subscribe Now!
******* ******* Energy Pan-Africa Buyout Undisclosed ******* 2019-08-04 Subscribe Now!
******* ******* Mobile software South Africa Follow-On Undisclosed ******* 2019-05-16 Subscribe Now!
******* ******* Rail & Port Guinea Debt ******* 2019-05-30 Subscribe Now!
******* ******* FMCG Tanzania Growth Capital Undisclosed ******* 2019-05-16 Subscribe Now!
******* ******* Waste Zanzibar Growth Capital Undisclosed ******* 2019-05-28 Subscribe Now!
******* ******* Media Pan-Africa Buyout Undisclosed ******* 2019-05-14 Subscribe Now!
******* ******* Payments South Africa Buyout Undisclosed ******* 2019-05-28 Subscribe Now!
******* ******* Transportation Uganda Series B Undisclosed ******* 2019-05-15 Subscribe Now!
******* ******* Fintech Pan-Africa Series A Undisclosed ******* 2019-05-24 Subscribe Now!
******* ******* Financial Services Nigeria Series A Undisclosed ******* 2019-04-04 Subscribe Now!
******* ******* Financial Services South Africa Buyout 1 ******* 2019-04-29 Subscribe Now!
******* ******* Energy Cameroon Private Placement 0.22 ******* 2019-04-26 Subscribe Now!
******* ******* Oil & Gas Nigeria Follow On 0.25 ******* 2019-04-06 Subscribe Now!
******* ******* Healthcare Morocco Growth Capital Undisclosed ******* 2019-04-24 Subscribe Now!
******* ******* Financial Services Pan-Africa Undisclosed ******* 2019-04-14 Subscribe Now!
******* ******* Loyalty Solutions Egypt Venture Capital Undisclosed ******* 2019-04-04 Subscribe Now!
******* ******* Financial Services South Africa Buyout Undisclosed ******* 2019-04-25 Subscribe Now!
******* ******* Loyalty solutions Egypt Venture Capital ******* 2019-04-04 Subscribe Now!
******* ******* Energy Ghana Debt Undisclosed ******* 2018-10-17 Subscribe Now!
******* ******* Real Estate Nigeria Growth Capital 20% ******* 2018-06-04 Subscribe Now!
******* ******* Food Kenya Growth Capital Undisclosed ******* 2018-05-02 Subscribe Now!
******* ******* Payments Pan-Africa Series C Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Agribusiness Uganda Growth Capital Undisclosed ******* 2018-05-02 Subscribe Now!
******* ******* Business Services Nigeria Series A Undisclosed ******* 2018-05-03 Subscribe Now!
******* ******* Mobile Kenya Venture Capital Undisclosed ******* 2018-05-03 Subscribe Now!
******* ******* Education South Africa Growth Capital Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Dairy Uganda Growth Capital Undislcosed ******* 2019-11-19 Subscribe Now!
******* ******* Healthcare Morocco Growth Capital Undislcosed ******* 2019-11-27 Subscribe Now!
******* ******* Food Kenya Series B Undislcosed ******* 2019-11-01 Subscribe Now!
******* ******* Financial Services South Africa Buyout Undislcosed ******* 2019-11-27 Subscribe Now!
******* ******* Ceramics Ethiopia Growth Capital Undislcosed ******* 2019-12-04 Subscribe Now!
******* ******* Real Estate Kenya Note issue Undislcosed ******* 2019-10-10 Subscribe Now!
******* ******* Technology East Africa Growth Capital Undislcosed ******* 2019-10-29 Subscribe Now!
******* ******* Education Kenya Growth Capital Undislcosed ******* 2019-10-29 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2019-09-12 Subscribe Now!
******* ******* Financial Services Nigeria Buyout 1 ******* 2019-09-26 Subscribe Now!
******* ******* Mobile software Pan Africa Undisclosed ******* 2018-01-30 Subscribe Now!
******* ******* Entertainment Pan Africa Growth Capital Undisclosed ******* 2018-01-21 Subscribe Now!
******* ******* Construction Morocco Growth Capital Undisclosed ******* 2018-01-15 Subscribe Now!
******* ******* Education Tunisia Growth Capital Undisclosed ******* 2018-01-11 Subscribe Now!
******* ******* Education Francophone Africa Growth Capital Undisclosed ******* 2018-01-15 Subscribe Now!
******* ******* Agribusiness Niger Growth Capital Undisclosed ******* 2018-01-25 Subscribe Now!
******* ******* Energy Ethiopia Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Energy Republic of Guinea Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Energy Ghana Series D funding Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Energy Mali Senior debt Undisclosed ******* 2018-01-30 Subscribe Now!
******* ******* Energy Mozambique B loan Undisclosed ******* 2018-01-22 Subscribe Now!
******* ******* Agribusiness Ivory Coast Growth Capital Undisclosed ******* 2018-01-17 Subscribe Now!
******* ******* Healthcare Egypt Growth Capital Undisclosed ******* 2018-02-01 Subscribe Now!
******* ******* Aquaculture South Africa Growth Capital Undisclosed ******* 2018-02-07 Subscribe Now!
******* ******* Energy Pan-Africa Undisclosed ******* 2019-07-30 Subscribe Now!
******* ******* Agribusiness Kenya Growth Capital Undisclosed ******* 2019-07-23 Subscribe Now!
******* ******* Agriculture Egypt Buyout 0.967 ******* 2019-06-05 Subscribe Now!
******* ******* Digital Insurance Pan-Africa Series A ******* 2019-06-15 Subscribe Now!
******* ******* Mobility Nigeria Venture Capital Undisclosed ******* 2019-06-24 Subscribe Now!
******* ******* Financial Services South Africa Growth Capital 0.08 ******* 2019-06-20 Subscribe Now!
******* ******* FinTech Mauritius Buyout Undisclosed ******* 2019-06-15 Subscribe Now!
******* ******* Fintech Pan Africa Series A ******* 2019-03-27 Subscribe Now!
******* ******* Energy Uganda Loan ******* 2019-03-05 Subscribe Now!
******* ******* Payments South Africa Growth Capital ******* 2019-03-16 Subscribe Now!
******* ******* Software Kenya Growth Capital ******* 2019-03-19 Subscribe Now!
******* ******* Healthcare East Africa Series A ******* 2019-03-14 Subscribe Now!
******* ******* Education Egypt Buyout ******* 2019-02-27 Subscribe Now!
******* ******* Fintech South Africa Series A ******* 2019-02-21 Subscribe Now!
******* ******* Facilities management Pan-Africa Growth Capital ******* 2019-02-25 Subscribe Now!
******* ******* Chemicals Morocco Capital increase Undisclosed ******* 2019-02-20 Subscribe Now!
******* ******* Financial Services Kenya Undisclosed ******* 2019-02-05 Subscribe Now!
******* ******* Retail DRC Growth Capital Undisclosed ******* 2019-01-15 Subscribe Now!
******* ******* Travel Nigeria Buyout Undisclosed ******* 2019-01-07 Subscribe Now!
******* ******* Energy Nigeria Buyout ******* 2018-03-10 Subscribe Now!
******* ******* Real Estate Kenya Mezzanine Undisclosed ******* 2018-04-27 Subscribe Now!
******* ******* Oil & Gas Côte d’Ivoire Mezzanine Undisclosed ******* 2018-12-04 Subscribe Now!
******* ******* Travel Nigeria Buyout Undisclosed ******* 2019-01-07 Subscribe Now!
******* ******* Real Estate Côte d’Ivoire Undisclosed ******* 2018-12-13 Subscribe Now!
******* ******* Restaurant Kenya Buyout Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Manufacturing Morocco Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Fintech South Africa Series A Undisclosed ******* 2018-12-11 Subscribe Now!
******* ******* Agriculture Kenya Growth Capital Undisclosed ******* 2018-12-03 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital 0.295 ******* 2019-01-14 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Pharmaceutical Uganda Growth Capital Undisclosed ******* 2018-11-01 Subscribe Now!
******* ******* IT Pan-Africa Series A Undisclosed ******* 2018-10-23 Subscribe Now!
******* ******* Telecommunications Pan-Africa Undisclosed ******* 2018-10-26 Subscribe Now!
******* ******* Agribusiness Pan-Africa Undisclosed ******* 2018-10-17 Subscribe Now!
******* ******* Fintech South Africa Growth Capital Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Agribusiness Ghana Growth Capital Undisclosed ******* 2018-10-23 Subscribe Now!
******* ******* Education South Africa Buyout Undisclosed ******* 2018-10-18 Subscribe Now!
******* ******* Agriculture Zambia ******* 2018-10-12 Subscribe Now!
******* ******* Education Morocco Buyout Undisclosed ******* 2018-10-10 Subscribe Now!
******* ******* Real Estate South Africa Venture Capital 0.1 ******* 2018-10-16 Subscribe Now!
******* ******* Fintech Pan-Africa Venture Capital Undisclosed ******* 2018-10-31 Subscribe Now!
******* ******* Fintech Pan-Africa Growth Capital Undisclosed ******* 2018-11-08 Subscribe Now!
******* ******* Fintech Pan-Africa Buyout Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Healthcare South Africa Buyout Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Distribution South Africa Buyout 0.6 ******* 2018-10-04 Subscribe Now!
******* ******* BPO Pan-Africa Debt and Equity Undisclosed ******* 2018-11-26 Subscribe Now!
******* ******* Transportation Côte d’Ivoire Growth Capital Undisclosed ******* 2018-11-26 Subscribe Now!
******* ******* Real Estate Egypt Undisclosed Undisclosed ******* 2018-09-16 Subscribe Now!
******* ******* Pharnaceuticals East Africa Buyout Undisclosed ******* 2018-09-20 Subscribe Now!
******* ******* Clothing Ghana Growth Capital Undisclosed ******* 2019-08-20 Subscribe Now!
******* ******* Fintech Pan-Africa Venture Capital Undisclosed ******* 2019-08-29 Subscribe Now!
******* ******* Financial Services Pan-Africa Buyout Undisclosed ******* 2019-08-04 Subscribe Now!
******* ******* Food Nigeria Buyout Undisclosed ******* 2019-08-21 Subscribe Now!
******* ******* Utilities Pan-Africa Series D Undisclosed ******* 2019-08-26 Subscribe Now!
******* ******* Financial Services South Africa Series A Undisclosed ******* 2019-08-04 Subscribe Now!
******* ******* Logistics Nigeria Series A Undisclosed ******* 2019-08-21 Subscribe Now!
******* ******* Utilities East Africa Growth Capital Undisclosed ******* 2019-01-16 Subscribe Now!
******* ******* Insurance Nigeria Growth Capital 0.299 ******* 2019-01-21 Subscribe Now!
******* ******* Retail Kenya Growth Capital Undisclosed ******* 2019-01-29 Subscribe Now!
******* ******* Healthcare Sub-Saharan Africa Buyout ******* 2018-09-28 Subscribe Now!
******* ******* Telecommunications MENA Buyout 0.76 ******* 2018-09-21 Subscribe Now!
******* ******* Telecommunications Malawi Growth Capital Undisclosed ******* 2018-09-17 Subscribe Now!
******* ******* Technology Sub-Saharan Africa Growth Capital Undisclosed ******* 2018-09-18 Subscribe Now!
******* ******* Financial Services South Africa Undisclosed ******* 2018-09-25 Subscribe Now!
******* ******* Card Payments South Africa Venture Capital Undisclosed ******* 2018-09-10 Subscribe Now!
******* ******* Consumer Finance and Microfinance Egypt Growth Capital Undisclosed ******* 2018-09-06 Subscribe Now!
******* ******* Agribusiness Morocco Buyout Undisclosed ******* 2018-09-27 Subscribe Now!
******* ******* Energy South Africa Debt Undisclosed ******* 2018-08-13 Subscribe Now!
******* ******* Manufacturing South Africa Buyout Undisclosed ******* 2018-08-02 Subscribe Now!
******* ******* Aquaculture Tunisia Buyout 1 ******* 2018-08-07 Subscribe Now!
******* ******* Financial Services Kenya Buyout ******* 2018-03-27 Subscribe Now!
******* ******* Energy Sub-Saharan Africa ******* 2018-03-21 Subscribe Now!
******* ******* Real Estate Ghana Direct Investment ******* 2018-03-16 Subscribe Now!
******* ******* IT Pan-Africa Follow-On ******* 2018-03-19 Subscribe Now!
******* ******* Internet Nigeria Venture Capital ******* 2018-03-21 Subscribe Now!
******* ******* Healthcare Nigeria Direct Investment ******* 2018-03-29 Subscribe Now!
******* ******* Education Kenya Follow-on Undisclosed ******* 2020-05-05 Subscribe Now!
******* ******* Financial Services South Africa Growth Capital Undisclosed ******* 2019-06-20 Subscribe Now!
******* ******* Energy Nigeria & Ghana Growth Capital ******* 2019-03-21 Subscribe Now!
******* ******* Logistics South Africa Growth Capital 0.483 ******* 2018-08-05 Subscribe Now!
******* ******* FMCG Nigeria Growth Capital Undisclosed ******* 2018-08-02 Subscribe Now!
******* ******* Consumer finance / Microfinance Egypt ******* 2018-08-30 Subscribe Now!
******* ******* Energy South Africa Equity 50.01% in each ******* 2018-08-27 Subscribe Now!
******* ******* E-commerce MENA Growth Capital Undisclosed ******* 2018-02-28 Subscribe Now!
******* ******* Energy Pan-Africa Add-on Undisclosed ******* 2018-02-22 Subscribe Now!
******* ******* Financial Services Nigeria Growth Capital Undisclosed ******* 2018-02-22 Subscribe Now!
******* ******* Internet South Africa Growth Capital 31% ******* 2018-02-28 Subscribe Now!
******* ******* Automobile Kenya Growth Capital Undisclosed ******* 2018-02-15 Subscribe Now!
******* ******* Distribution Morocco Growth Capital Undisclosed ******* 2018-02-15 Subscribe Now!
******* ******* Energy Nigeria Undisclosed ******* 2018-03-10 Subscribe Now!
******* ******* Agriculture Nigeria Growth Capital ******* 2018-03-25 Subscribe Now!
******* ******* Financial Services West and Central Africa Growth Capital ******* 2018-03-29 Subscribe Now!
******* ******* Aviation Nigeria Series A Undisclosed ******* 2018-07-02 Subscribe Now!
******* ******* Fintech Pan-Africa Follow on Undisclosed ******* 2018-07-12 Subscribe Now!
******* ******* FMCG Mozambique Growth Capital Undisclosed ******* 2018-07-30 Subscribe Now!
******* ******* Healthcare Morocco Growth Capital Undisclosed ******* 2018-07-11 Subscribe Now!
******* ******* Air Transport West and Central Africa 50% ******* 2018-07-09 Subscribe Now!
******* ******* Financial Services Nigeria Buyout Undisclosed ******* 2018-06-15 Subscribe Now!
******* ******* Real Estate South Africa Senior Debt Undisclosed ******* 2018-06-18 Subscribe Now!
******* ******* Financial Services Sub-Saharan Africa Buyout 100% ******* 2018-06-21 Subscribe Now!
******* ******* Marketing South Africa Venture Capital Undisclosed ******* 2020-06-29 Subscribe Now!
******* ******* Financial Services Pan-Africa Series B Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Mobile Marketing Pan-Africa Growth Capital Undisclosed ******* 2018-04-11 Subscribe Now!
******* ******* Agriculture Mozambique Growth Capital Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Energy Pan-Africa Growth Capital Undisclosed ******* 2018-04-29 Subscribe Now!
******* ******* Fintech Pan-Africa Series B Undisclosed ******* 2018-04-18 Subscribe Now!
******* ******* Fintech South Africa Growth Capital Undisclosed ******* 2018-04-27 Subscribe Now!
******* ******* Real Estate Ghana Real Eatate 47.50% ******* 2018-04-17 Subscribe Now!
******* ******* Real Estate Mozambique Real Eatate 80.10% ******* 2018-04-17 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2018-04-20 Subscribe Now!
******* ******* Agriculture Rwanda Growth Capital Undisclosed ******* 2018-04-21 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Floriculture East Africa Growth Capital Undisclosed ******* 2018-04-18 Subscribe Now!
******* ******* Healthcare Uganda Growth Capital Undisclosed ******* 2018-07-09 Subscribe Now!
******* ******* Real Estate Mauritius Mezzanine Undisclosed ******* 2018-07-05 Subscribe Now!
******* ******* Ecotourism Botswana Growth Capital 34% ******* 2018-07-25 Subscribe Now!
******* ******* Industrial Technology South Africa Growth Capital Undisclosed ******* 2018-07-24 Subscribe Now!
******* ******* Healthcare South Africa Growth Capital 50% ******* 2018-05-30 Subscribe Now!
******* ******* Agribusiness Togo Growth Capital Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2018-05-30 Subscribe Now!
******* ******* Food Zambia Growth Capital Undisclosed ******* 2018-05-21 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital 14.30% ******* 2018-05-23 Subscribe Now!
******* ******* Financial Services Morocco Growth Capital Undisclosed ******* 2018-05-04 Subscribe Now!
******* ******* Agriculture Tanzania Series A Undisclosed ******* 2020-05-06 Subscribe Now!
******* ******* Energy Ethiopia Senior Loan Undisclosed ******* 2020-05-08 Subscribe Now!
******* ******* Recycling Kenya Growth Capital Undisclosed ******* 2019-08-19 Subscribe Now!
******* ******* Energy South Africa Undisclosed ******* 2019-08-13 Subscribe Now!
******* ******* Mobile Payments Pan-Africa Series D Undisclosed ******* 2019-06-13 Subscribe Now!
******* ******* Agriculture Nigeria Growth Capital Undisclosed ******* 2019-06-12 Subscribe Now!
******* ******* Energy Namibia Buyout Undisclosed ******* 2019-06-13 Subscribe Now!
******* ******* Retail South Africa Buyout Undisclosed ******* 2019-06-13 Subscribe Now!
******* ******* Technology South Africa Venture Capital Undisclosed ******* 2019-06-20 Subscribe Now!
******* ******* Manufacturing Madagascar ******* 2019-06-04 Subscribe Now!
******* ******* Healthcare DRC Follow-On Undisclosed ******* 2019-05-20 Subscribe Now!
******* ******* Technology Rwanda Growth Capital Undisclosed ******* 2019-05-23 Subscribe Now!
******* ******* PET Madagascar Growth Capital Undisclosed ******* 2019-06-04 Subscribe Now!
******* ******* Energy Uganda Debt Undisclosed ******* 2019-01-18 Subscribe Now!
******* ******* EdTech Morocco ******* 2019-01-18 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2019-01-28 Subscribe Now!
******* ******* Agriculture Tunisia Debt Undisclosed ******* 2019-01-30 Subscribe Now!
******* ******* E-commerce Kenya Growth Capital Undisclosed ******* 2019-01-21 Subscribe Now!
******* ******* FMCG South Africa Growth Capital 0.365 ******* 2019-01-30 Subscribe Now!
******* ******* Restaurant Kenya Buyout Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Manufacturing Morocco Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Datacentre Pan-Africa Buyout Undisclosed ******* 2019-01-30 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital 0.295 ******* 2019-01-14 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Education South Africa Undisclosed ******* 2020-11-10 Subscribe Now!
******* ******* LNG Ghana Undisclosed ******* 2020-11-24 Subscribe Now!
******* ******* Financial Services South Africa Undisclosed ******* 2020-11-11 Subscribe Now!
******* ******* Recycling Kenya Undisclosed ******* 2020-11-15 Subscribe Now!
******* ******* Aquaculture Namibia Undisclosed ******* 2020-11-05 Subscribe Now!
******* ******* Fibre Optic South Africa Undisclosed ******* 2020-11-17 Subscribe Now!
******* ******* Fintech Pan-Africa Undisclosed ******* 2020-11-19 Subscribe Now!
******* ******* Ag-Tech South Africa Undisclosed ******* 2020-09-30 Subscribe Now!
******* ******* Logistics South Africa 0.8 ******* 2020-09-28 Subscribe Now!
******* ******* Beverages South Africa 0.45 ******* 2020-09-16 Subscribe Now!
******* ******* Utility Pan-Africa Undisclosed ******* 2020-08-25 Subscribe Now!
******* ******* Consulting Ghana Undisclosed ******* 2020-08-04 Subscribe Now!
******* ******* Payments Pan-Africa Buyout 1 ******* 2020-03-16 Subscribe Now!
******* ******* Energy Kenya Growth Capital 0.4 ******* 2020-03-26 Subscribe Now!
******* ******* Aquaculture Lesotho Secondary Buyout Undisclosed ******* 2020-03-14 Subscribe Now!
******* ******* Fintech Nigeria Seed Undisclosed ******* 2020-03-14 Subscribe Now!
******* ******* Financial Services Pan-Africa Debt & Equity Undisclosed ******* 2020-03-04 Subscribe Now!
******* ******* Pharmaceuticals Pan-Africa Series A Undisclosed ******* 2020-03-19 Subscribe Now!
******* ******* Energy Pan-Africa Undisclosed ******* 2020-03-19 Subscribe Now!
******* ******* Manufacture Kenya Growth Capital Undisclosed ******* 2020-03-26 Subscribe Now!
******* ******* Distribution Kenya Growth Capital ******* 2020-03-01 Subscribe Now!
******* ******* Financial Services Rwanda Growth Capital Undisclosed ******* 2020-03-17 Subscribe Now!
******* ******* Hospitality Morocco Buyout Undisclosed ******* 2020-03-02 Subscribe Now!
******* ******* Data Centre Nigeria Buyout Undisclosed ******* 2020-03-11 Subscribe Now!
******* ******* Agribusiness South Africa Buyout 1 ******* 2020-02-13 Subscribe Now!
******* ******* Energy Nigeria Growth Capital Undisclosed ******* 2020-02-03 Subscribe Now!
******* ******* Healthcare Ghana Growth Capital Undisclosed ******* 2020-02-03 Subscribe Now!
******* ******* Energy Burundi Equity (Buyout) and Loan ******* 2020-02-11 Subscribe Now!
******* ******* Fintech Nigeria Growth Capital Undisclosed ******* 2020-02-10 Subscribe Now!
******* ******* Digital platform Morocco Growth Capital Undisclosed ******* 2020-02-21 Subscribe Now!
******* ******* Agribusiness Kenya Growth Capital Undisclosed ******* 2020-02-21 Subscribe Now!
******* ******* Ports & Logistics West Africa Infrastructure 43% // 31% //26% ******* 2020-02-05 Subscribe Now!
******* ******* Beverage West Africa Growth Capital Undisclosed ******* 2020-02-11 Subscribe Now!
******* ******* Energy Malawi Equity Undisclosed ******* 2020-01-19 Subscribe Now!
******* ******* Financial Services Kenya Seed Capital Undisclosed ******* 2020-01-28 Subscribe Now!
******* ******* Safe Tech South Africa Follow-On Undisclosed ******* 2020-01-30 Subscribe Now!
******* ******* Gas Côte D’Ivoire Debt Undisclosed ******* 2020-01-28 Subscribe Now!
******* ******* Financial Services Nigeria Growth Capital Undisclosed ******* 2020-01-07 Subscribe Now!
******* ******* Payments Egypt Equity Undisclosed ******* 2020-01-14 Subscribe Now!
******* ******* Gas Nigeria Equity 20% and 20% ******* 2020-01-20 Subscribe Now!
******* ******* Technology Morocco Mezzanine ******* 2019-11-03 Subscribe Now!
******* ******* Education technology Nigeria Undisclosed ******* 2021-01-21 Subscribe Now!
******* ******* Hospitality  Ivory Coast, Senegal and Cameroon Undisclosed ******* 2021-01-22 Subscribe Now!
******* ******* AI Technology East Africa Undisclosed ******* 2021-01-17 Subscribe Now!
******* ******* Energy Mauritius ******* 2021-01-17 Subscribe Now!
******* ******* Energy Mauritius Undisclosed ******* 2021-01-17 Subscribe Now!
******* ******* Tourism South Africa Undisclosed ******* 2021-01-27 Subscribe Now!
******* ******* E-commerce & Retail Egypt Undisclosed ******* 2021-01-13 Subscribe Now!
******* ******* E-commerce & Retail Egypt Undisclosed ******* 2021-01-26 Subscribe Now!
******* ******* Financial Services Egypt Undisclosed ******* 2021-01-06 Subscribe Now!
******* ******* Pharmaceuticals Nigeria Undisclosed ******* 2021-01-21 Subscribe Now!
******* ******* Information Technology Ghana Undisclosed ******* 2021-01-14 Subscribe Now!
******* ******* Technology Pan-Africa Undisclosed ******* 2020-11-05 Subscribe Now!
******* ******* Mobility Kenya Undisclosed ******* 2020-11-19 Subscribe Now!
******* ******* Energy Chad Undisclosed ******* 2020-11-30 Subscribe Now!
******* ******* Financial Services Pan-Africa Undisclosed ******* 2020-08-28 Subscribe Now!
******* ******* Real Estate Limpopo Mezzanine Undisclosed ******* 2020-07-22 Subscribe Now!
******* ******* Telecommunications West Africa Bond issue Undisclosed ******* 2020-07-08 Subscribe Now!
******* ******* Forestry Kenya Series B Undisclosed ******* 2020-07-14 Subscribe Now!
******* ******* Financial Services East Africa Growth Capital 0.24 ******* 2020-07-13 Subscribe Now!
******* ******* Energy Sierra Leone Debt Undisclosed ******* 2020-07-23 Subscribe Now!
******* ******* Cleaning South Africa Growth Capital Undisclosed ******* 2020-07-15 Subscribe Now!
******* ******* Gaming South Africa Venture Capital Undisclosed ******* 2020-07-17 Subscribe Now!
******* ******* Healthcare Ethiopia Growth Capital Undisclosed ******* 2020-06-02 Subscribe Now!
******* ******* Healthcare Egypt Growth Capital Undisclosed ******* 2020-06-04 Subscribe Now!
******* ******* Fintech Egypt Series-A  Undisclosed ******* 2020-06-23 Subscribe Now!
******* ******* Healthtech Pan-Africa Series C Undisclosed ******* 2020-06-03 Subscribe Now!
******* ******* Energy South Africa Undisclosed ******* 2020-06-10 Subscribe Now!
******* ******* Healthtech South Africa Venture Capital Undisclosed ******* 2020-06-02 Subscribe Now!
******* ******* Energy South Africa Buyout Undisclosed ******* 2020-06-23 Subscribe Now!
******* ******* Waste Zambia Undisclosed ******* 2020-06-25 Subscribe Now!
******* ******* Cleaning South Africa Growth Capital Undisclosed ******* 2020-07-15 Subscribe Now!
******* ******* Financial Services South Africa Growth Capital Undisclosed ******* 2020-06-11 Subscribe Now!
******* ******* Real Estate Nigeria Follow-on (debt and equity) Undisclosed ******* 2020-06-08 Subscribe Now!
******* ******* Energy South Africa Series-A  Undisclosed ******* 2020-06-17 Subscribe Now!
******* ******* E-commerce Ethiopia Follow-on Undisclosed ******* 2020-05-26 Subscribe Now!
******* ******* Agriculture Uganda Growth Capital Undisclosed ******* 2020-05-27 Subscribe Now!
******* ******* Healthcare Egypt Growth Capital Undisclosed ******* 2020-05-25 Subscribe Now!
******* ******* Agriculture Nigeria Series A Undisclosed ******* 2020-05-19 Subscribe Now!
******* ******* Fintech Pan-Africa Series A Undisclosed ******* 2020-05-27 Subscribe Now!
******* ******* Food Tunisia Undisclosed ******* 2020-05-21 Subscribe Now!
******* ******* Manufacturing Ethiopia Growth Capital Undisclosed ******* 2020-05-25 Subscribe Now!
******* ******* Education Egypt Growth Capital Undisclosed ******* 2018-06-15 Subscribe Now!
******* ******* FMCG Senegal Growth Capital Undisclosed ******* 2021-02-02 Subscribe Now!
******* ******* Financial Services South Africa Growth Capital Undisclosed ******* 2021-02-24 Subscribe Now!
******* ******* Telecoms Pan-Africa Bonds ******* 2021-02-22 Subscribe Now!
******* ******* Real Estate Kenya Growth Capital Undisclosed ******* 2021-02-26 Subscribe Now!
******* ******* Energy Pan-Africa Growth Capital Undisclosed ******* 2021-02-09 Subscribe Now!
******* ******* Energy Pan-Africa Growth Capital Undisclosed ******* 2021-02-23 Subscribe Now!
******* ******* Food South Africa Growth Capital Undisclosed ******* 2021-02-24 Subscribe Now!
******* ******* Energy Kenya Loan ******* 2021-02-26 Subscribe Now!
******* ******* Healthcare Uganda Undisclosed ******* 2021-01-06 Subscribe Now!
******* ******* Agriculture Kenya Undisclosed ******* 2021-01-25 Subscribe Now!
******* ******* Mining Burkina Faso Undisclosed ******* 2021-01-26 Subscribe Now!
******* ******* Financial Services Nigeria Undisclosed ******* 2021-01-08 Subscribe Now!
******* ******* Energy South Africa Undisclosed ******* 2020-09-03 Subscribe Now!
******* ******* Reinsurance Pan-Africa Undisclosed ******* 2020-09-17 Subscribe Now!
******* ******* Fintech Pan-Africa Undisclosed ******* 2020-09-08 Subscribe Now!
******* ******* Healthcare Egypt Undisclosed ******* 2020-09-28 Subscribe Now!
******* ******* Energy Pan-Africa Undisclosed ******* 2020-09-11 Subscribe Now!
******* ******* Healthtech Pan-Africa Undisclosed ******* 2020-09-08 Subscribe Now!
******* ******* Financial Services Nigeria 1 ******* 2020-08-20 Subscribe Now!
******* ******* Energy Mali Undisclosed ******* 2020-08-13 Subscribe Now!
******* ******* Technology South Africa Undisclosed ******* 2020-08-25 Subscribe Now!
******* ******* IT South Africa Undisclosed ******* 2020-08-24 Subscribe Now!
******* ******* Financial Services Kenya Undisclosed ******* 2020-08-13 Subscribe Now!
******* ******* Payments Egypt Undisclosed ******* 2020-08-11 Subscribe Now!
******* ******* Recruitment South Africa Undisclosed ******* 2020-08-31 Subscribe Now!
******* ******* Financial Services Egypt 0.75 ******* 2020-08-27 Subscribe Now!
******* ******* Agriculture Tanzania Undisclosed ******* 2020-08-25 Subscribe Now!
******* ******* Healthcare Cameroon Undisclosed ******* 2020-08-27 Subscribe Now!
******* ******* Financial Services South Africa Loan Undisclosed ******* 2020-07-08 Subscribe Now!

Source: AGF, Prequin

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires a "PE Pro" or "Professional" subscription, Subscribe to AGF now!

PE Exits

Africa Global Funds’ proprietary database provides searchable exits information for active private equity and venture capital funds targeting Africa. The section provides information on all exits that have been reported by PE/VC firms in Africa from January 2016 to date.

CompanyDivestmentIndustryCountry/RegionBuyer(s)Nature of exitDate AnnouncedRelated article
******* ******* Distribution Morocco Mouncef Belkhayat MBO 2019-07-09 Subscribe Now!
******* ******* Towers Pan-Africa American Tower Corporation Trade 2019-06-04 Subscribe Now!
******* ******* Packaging Nigeria Family office Secondary Buyout 2019-05-23 Subscribe Now!
******* ******* Undisclosed Ethiopia Regional PE fund & Family Office Secondary Buyout 2019-05-30 Subscribe Now!
******* ******* Fintech Morocco Groupe Richbond Trade 2019-05-04 Subscribe Now!
******* ******* Towers Pan-Africa American Tower Corporation Trade 2019-06-04 Subscribe Now!
******* ******* Mining South Africa Timrite Trade 2019-04-17 Subscribe Now!
******* ******* Agriculture Pan-Africa Ma’aden Trade 2019-04-23 Subscribe Now!
******* ******* Dairy Madagascar European strategic player and a local FMCG group Trade 2019-04-28 Subscribe Now!
******* ******* Property Pan Africa CFAO Trade 2019-03-06 Subscribe Now!
******* ******* Financial Services Togo SUNU group Trade 2019-03-21 Subscribe Now!
******* ******* Oil & Gas Côte d’Ivoire Pétro Ivoire Management Buy-Back 2018-12-04 Subscribe Now!
******* ******* Credit South Africa Experian Trade 2018-12-19 Subscribe Now!
******* ******* Credit South Africa Experian Trade 2018-12-19 Subscribe Now!
******* ******* Financial Services South Africa Trade 2018-09-06 Subscribe Now!
******* ******* Energy Uganda SN Power Trade 2018-09-15 Subscribe Now!
******* ******* Agribusiness Morocco Development Partners International Secondary Buyout 2018-09-27 Subscribe Now!
******* ******* FMCG Mauritius 2018-09-20 Subscribe Now!
******* ******* Communications MENA Helios Investment Partners  Secondary Buyout 2018-09-21 Subscribe Now!
******* ******* Energy South Africa Globeleq Trade 2018-08-09 Subscribe Now!
******* ******* Insurance Allianz X Trade 2018-01-10 Subscribe Now!
******* ******* Energy South Africa Standard Bank Trade 2018-02-01 Subscribe Now!
******* ******* Construction Kenya Turner & Townsend Trade 2018-02-07 Subscribe Now!
******* ******* Financial Services South Africa Sanlam Secondary buyout 2018-03-20 Subscribe Now!
******* ******* Distribution Pan-Africa Adenia Partners Secondary buyout 2018-03-18 Subscribe Now!
******* ******* Financial Services Kenya, Uganda, Tanzania Suzerain Investment Holdings //Platcorp’s management team and an existing shareholder Secondary buyout 2018-03-28 Subscribe Now!
******* ******* Financial Services Kenya Kuramo Capital Management Secondary buyout 2018-03-27 Subscribe Now!
******* ******* Food South Africa Institutional investors IPO, Johannesburg Stock Exchange 2018-05-23 Subscribe Now!
******* ******* Financial Services Morocco Moroccan family offices Secondary buyout 2021-01-27 Subscribe Now!
******* ******* Engineering Tunisia Ginger Group Trade 2020-11-24 Subscribe Now!
******* ******* Financial Services Uganda I&M Holdings Trade 2020-08-05 Subscribe Now!
******* ******* Energy Tanzania 2020-07-07 Subscribe Now!
******* ******* Food South Africa NewCo Trade 2020-06-08 Subscribe Now!
******* ******* Fibre networks South Africa South African banks Refinancing 2020-05-06 Subscribe Now!
******* ******* FMCG Botswana Botswana Development Corporation Partial exit 2020-05-18 Subscribe Now!
******* ******* Healthcare Egypt RayLab Trade 2020-05-27 Subscribe Now!
******* ******* Energy South Africa IDEAS Managed Fund Secondary Buyout 2020-05-05 Subscribe Now!
******* ******* Energy South Africa IDEAS Managed Fund Secondary Buyout 2020-05-05 Subscribe Now!
******* ******* Financial Services Ghana First National Bank Ghana Trade 2020-05-25 Subscribe Now!
******* ******* Manufacturing Mauritius AkzoNobel Trade 2020-04-02 Subscribe Now!
******* ******* Aquaculture Lesotho Mergence Investment Managers Partial exit 2020-03-14 Subscribe Now!
******* ******* Agribusiness South Africa Masimong Group Holding Secondary Buyout 2020-02-21 Subscribe Now!
******* ******* Aquaculture Zambia 2020-01-19 Subscribe Now!
******* ******* Nigeria Accion Secondary Buyout 2020-01-16 Subscribe Now!
******* ******* Energy Ghana Debt refinancing 2019-11-17 Subscribe Now!
******* ******* Agriculture South Africa African Pioneer Group Trade 2019-11-04 Subscribe Now!
******* ******* Financial Services Ivory Coast Social Welfare Institute – General State Pension Fund Trade 2019-12-02 Subscribe Now!
******* ******* Ivory Coast Groupe Retail Holding Trade 2019-10-07 Subscribe Now!
******* ******* Financial Services Sub-Saharan Africa Arise Secondary Buyout 2019-09-05 Subscribe Now!
******* ******* Payment Egypt IPO, Egyptian exchange 2019-08-15 Subscribe Now!
******* ******* Food Nigeria Norfund Secondary buyout 2019-08-21 Subscribe Now!
******* ******* Energy Pan-Africa Actis Secondary buyout 2019-08-04 Subscribe Now!
******* ******* Telecoms Madagascar 2021-02-03 Subscribe Now!

Source: AGF, Prequin

MARKET COMMENTARY: SPIVA South Africa Scorecard 2020

Every month we select a fund manager, active in the African continent, to share his thoughts on the performance of African listed markets (equities or bonds). If you want to be featured in this section, get in touch via editor “at” africaglobalfunds.com

By Andrew Innes, Head of EMEA, Global Research & Design; Andrew Cairns, Associate Director, Global Research & Design, S&P Dow Jones Indices

South African Equity funds had a poor start to 2020, falling 10% by the end of February. Things did not improve with the onset of COVID-19, as March 2020 saw the single biggest monthly loss in the past five years, with the asset-weighted South African Equity fund category and the S&P South Africa DSW Capped Index dropping 16.5% and 16.1%, respectively. This was followed by an immediate rebound in April 2020, when they posted their single biggest monthly gains in the past five years of 14.5% and 15.0%, respectively. Over the course of 2020, South African Equity funds and benchmarks continued to recover slowly and, aided by news of a vaccine in November, these funds were able to post positive returns for the year on an asset-weighted basis.

Over 78% of South African Equity funds underperformed the S&P South Africa 50 over the one-year period. 

Comparing the same funds with a broader benchmark, namely the S&P South Africa Domestic Shareholder Weighted (DSW) CappedIndex,44% of funds underperformed. Over the five-year time horizon, the percentage of funds that underperformed the S&P South Africa 50 and the S&P South Africa DSW Capped Index increased to 95% and 60%, respectively.

The struggle for South African Equity funds to keep pace with the S&P South Africa 50 is further highlighted by the fact that even funds in the 75th percentile performed 0.9% below the benchmark for the one-year period. Furthermore, on an asset-weighted basis, South African Equity funds trailed the same benchmark by 3% annualized over five years. Even on a risk-adjusted basis, the same funds had a lower return-to-volatility ratio over the three- and five-year periods.

Over the one-year period, 84% of Diversified/Aggregate Bond funds failed to beat the S&P South Africa Sovereign Bond 1+ Year Index. Short-Term Bond funds fared better, with only 17% failing to beat the benchmark. However, when measuring outperformance on a risk-adjusted basis, we saw that more than 92% of Short-Term Bond funds failed to beat the benchmark over the one-year period. The return-to-volatility ratio for the benchmark was also far greater than that of asset-weighted Short-Term Bond funds, indicating that for each unit of risk, the benchmark was able to generate greater returns.

In the battle of allocation between fixed income and equity, we saw that fixed income funds were able to deliver higher annualized asset-weighted returns over the medium- and long-term periods than South African Equity funds. Importantly, over the same periods the return-to-volatility ratio for fixed income funds was many multiples higher, indicating that, despite posting a higher return, fixed income funds were far less risky than South African Equity funds.

The SPIVA South Africa Scorecard measures the performance of actively managed South African equity and fixed income funds denominated in South African rands (ZAR) against their respective benchmark indices over one-, three-, and five-year investment horizons.

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