Alexander Forbes Group Holdings has acquired a significant stake in African Actuarial Consultants (AAC), one of the largest independent actuarial consultancies based in Zimbabwe with a growing presence in the region.
Synthesis Software Technologies, a specialised financial technology company that provides software development, consulting and integration services to financial institutions, has been acquired by JSE-listed Capital Appreciation.
The Multilateral Investment Guarantee Agency (MIGA) has announced risk guarantees of $5.6m last month in support of Sucafina Holding, Millco and Cofco equity investments and shareholder loans into three existing coffee operating companies in Burundi.
Preqin, a source of alternative assets data and intelligence, has launched Preqin Solutions, a cloud-based tool that streamlines the portfolio management process for private capital fund managers and investors.
Standard Bank has partnered with R3, a financial innovation firm that leads a consortium partnership with financial institutions to design and deliver advanced distributed ledger technologies to the global financial markets.
Sanne Group has agreed to acquire 100% of International Financial Services and IFS Trustees (IFS), a Mauritius-based provider of fund and corporate administration services to corporates and alternative asset managers, for $127.3m.
EFG Hermes and Saxo Bank have signed a strategic partnership agreement, which will enable full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One.
AxiomSL, a global provider of regulatory reporting and risk management solutions, has announced it would provide a new shareholding disclosure service using content from online legal services provider aosphere, an affiliate of international legal practice Allen & Overy.
Beltone Market Maker, a subsidiary of Beltone Financial Holding, one of Egypt’s leading investment banks, has begun providing market-making services in the shares of Orascom Construction on Nasdaq Dubai.
Standard Chartered has executed a USD/NGN15m 1-year cross-currency swap for Access Bank, leveraging a custom guarantee issued by Frontclear, a financial markets development company backed by leading European development finance institutions.
Norton Rose Fulbright and the Global Infrastructure Hub (GI Hub), have launched a tool for governments and stakeholders in developing economies to assist in building a pipeline of viable public-private partnership (PPP) infrastructure projects.
BCA Research, a provider of independent investment research, has launched EM Equity Sector Strategy (EMES), a new service that provides investors with actionable research, analytics and investment recommendations within the emerging markets equities space.
Cim Global Business, Mauritius’ largest fund administrator and provider of corporate and trust structuring and administration services, has opened a representative office in Johannesburg, adding an on-the-ground African capability.
Duet Group, a global alternative asset manager with more than $5.6bn in assets under management, has completed the roll-out of Eze Software Investment Suite across its front-, middle- and back-office operations.
BNP Paribas Securities Services, a global custodian with $9trn in assets under custody, has launched ESG Risk Analytics, an innovative solution which enables clients to integrate Environmental, Social and Corporate Governance factors more easily into their investment decision-making process.
BLC Chambers, a Mauritian legal firm, has announced the merger with Etude Robert, pooling up competences within the dispute resolution practice area for a diverse and growing client base in Mauritius and beyond.
Nautilus Managed Account Platform, a wholly owned subsidiary of the Johannesburg Stock Exchange, has retained Societe Generale Securities Services (SGSS) to provide trustee services for its management company in South Africa.
Barak Fund Management, an Africa-focused alternative fund management company, has chosen TFG Financial Systems to provide it with TFG Complete, TFG’s fully integrated middle office and risk management system.
Financial services company WellsFaber has formally merged with Mazars Financial Services (MFS) to form an independent financial services provider with over 30 years’ experience and a client portfolio worth some R2.6bn.
The United Nations Economic Commission for Africa has launched the Economic Commission of Africa's Country Profiles for 20 African nations, covering not only economic and social performance, but also analysis of the most pressing transformational issues and policies.
Asia’s global investment bank, Nomura has announced its plans to establish a branch in South Africa on April 4, 2016, to provide local and international clients with investment banking services in the country.
Sanne Group has announced it will acquire IDS Fund Services (IDS), an independent South African based provider of outsourced investment administration services to the asset management industry, with a particular focus on hedge fund clients.
Towers Watson and PE Corporate Services, one of South Africa's leading remuneration and human resources consultancies, have formed a strategic alliance to better serve the growing HR consulting and data services market in southern Africa.
Strate, a licensed CSD that provides post-trade products and services to the financial markets, has received the endorsement from the Regulatory Oversight Committee to offer Legal Entity Identifier (LEI) services in South Africa.
INDATA, a provider of software, technology and services for buy-side firms delivered via its iPM Epic platform, has launched a Compliance-as-a-Service offering which includes a global shareholder disclosure service leveraging legal content from aosphere LLP, an affiliate of Allen & Overy.
СEPRES, a New York based fintech company, has unveiled a new release of PE.Analyzer, a software platform that now also calculates beta risk of private equity markets, something never before available for investors and fund managers.
Housing and Development Bank (HDB), an Egypt-based commercial and investment bank that is approximately 60% state owned, has selected Wolters Kluwer Financial Services to provide its risk, regulatory reporting and operational risk software solutions.
Maitland, a global advisory and fund administration firm, has announced that it is now able to act as an alternative investment fund manager (AIFM) for private equity and real estate (PERE) alternative investment funds.
SS&C Technologies, a global provider of financial services software and software-enabled services, has announced the latest release of HiPortfolio, an investment accounting and asset servicing software.
Rasmala, a London-headquartered independent investment manager, has selected IMSplus, an investment management platform from Profile Software, to improve operational efficiency, flexibility and competitive approach across investment management transactions.
Africlear Global, The Central Securities & Clearing System (CSCS Nigeria) and the Central Depository & Settlement Corporation (CDSC Kenya) have announced their plans to establish a platform aimed at facilitating post trade services including cross-border clearing and settlement of capital market transactions between Nigeria and Kenya.
FinMark Trust, an independent trust based in South Africa, and the Centre for Financial Regulation & Inclusion (Cenfri) of South Africa, have announced a $9.6m partnership with the MasterCard Foundation to launch and support a data facility for financial service providers.
BDO East Africa, member of BDO International, and Creed Capital, a Beirut-based corporate finance advisory firm, have joined forces to provide financial services between the MENA region and East Africa.
As the rush among institutional investors to reduce their carbon exposure intensifies, MSCI, a provider of research-based indexes and analytics, has said it will report the carbon footprint of its flagship global indexes.
Compliance and regulatory reporting remain the largest factors driving reconciliation for top-tier financial institutions, including many with significant operations in Africa, according to a study released by SunGard and Aite Group.
Johannesburg Stock Exchange (JSE) has selected MillenniumIT to provide an integrated multi-market and ultra-low latency solution in support of the JSE’s strategic objective of integrated trading and clearing.
Actionable Intelligence Technologies (AIT), a supplier of solutions for financial investigation, is working closely with the Namibia Anti-Corruption Commission (ACC) to help country’s authorities identify, expose and dismantle organizations involved in systematic financial theft.
Global advisory and fund administration firm Maitland has concluded an agreement with STANLIB, one of Africa’s largest fund managers, to “lift out” its traditional institutional fund administration operations.
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has announced the addition of Standard Bank as the first South African liquidity provider (LP) on the EBS Direct platform.
Worldbox Business Intelligence, an independent service that provides online identifications of registered companies, has announced that it now offers complete identification company records for Rwanda, Tanzania, Mauritius, Uganda and Madagascar with extended business records for 25 other African countries.
Thomson Reuters has extended the analytics offered through its MarketPsych Indices to include individual companies, alongside the indices for countries, currencies, commodities and industries already available.
Societe Generale Securities Services (SGSS) has signed a cooperation agreement with Qatar National Bank ALAHLI (QNB ALAHLI) to provide securities services to international institutional investors and corporates in Egypt.
A Louis Berger-led consortium has won a 2.3m euro ($2.57m) technical assistance contract for the Burkina Faso Ministry of Industry, Commerce and Artisans and various professional organizations that support private sector development.
Beltone Financial, a regional investment bank headquartered in Egypt, has become the first market maker on the Egyptian Exchange (EGX), providing liquidity on the bourse’s recently launched Exchange Traded Funds (ETF) that tracks the EGX30 index called XTMisr.
Parametric Portfolio Associates, a majority-owned subsidiary of Eaton Vance Corp., with more than $136.5bn client assets under management, has selected the MSCI Emerging Markets Small Cap Index as the benchmark for their Parametric Emerging Markets Small Cap strategy.
GMEX Technologies, part of the Global Markets Exchange Group International (GMEX Group) and Avenir Technology, the UK-based post-trade software firm, have partnered with the Agricultural Commodity Exchange for Africa (ACE).
Concerto Financial Solutions, an independent provider of capital market indices and data, has announced it will include local currency government bonds from Côte d’Ivoire in its African Bond Index series (CABI).
MSCI, a provider of investment decision support tools worldwide, and The Nigerian Stock Exchange (NSE), have cooperated to develop and market a co-branded family of indexes for the Nigerian equity markets.
Norton Rose Fulbright, a global legal practice, has expanded its footprint in Africa by agreeing strategic alliances with leading law firms Shonubi Musoke & Co Advocates in Uganda, and Gill, Godlonton & Gerrans in Zimbabwe.
Interactive Data, a global provider of managed ultra-low latency technology and market data feed services designed to facilitate electronic trading, has partnered with GlobalRisk, a provider of real-time risk management and trade support software.
Prescient Fund Services, the fund administration business in the Prescient Group, has announced the addition of global execution services to its offering, providing investment managers with a comprehensive execution service with access to global markets.
Electra Information Systems (Electra), a provider of software solutions for the asset management industry, has released Electra Reconciliation Dynamic Snapshot, a real time month-end reconciliation feature.
Alacra, a provider of business information solutions for financial institutions, corporations and professional service firms announced the launch of Alacra-On-Demand, a comprehensive research service provided by Alacra’s global team of business information specialists.
Africa’s largest pension fund, the Government Employees Pension Fund (GEPF), has chosen Standard Bank to provide a full range of investor services product solutions for its more than R1.5trln of assets under management.
SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, will acquire Advent Software, a provider of software and services for the global investment management industry, for $2.7bn in cash, equating to $44.25 per share plus assumption of debt.
S&P Dow Jones Indices (S&P DJI), a provider of financial market indices, has announced the launch of the S&P Quality South Africa Index, which is designed to measure high quality stocks in the South African equity market.
Allen & Overy has re-launched its derivatives services business as aosphere at a crucial time for financial institution clients, who are facing a combination of increasing compliance requirements, reduced budgets and significant financial consequences should they be found to be in breach of regulatory obligations.
African Capital Alliance (ACA), Nigeria's first institutional private equity fund manager and one of Africa's leading alternative asset management firms, has automated and streamlined its operations via FrontInvest, eFront’s flagship solution, which includes an investee portal.
Standard Chartered has signed a multi-year agreement with Earthport to extend its International Automated Clearing House (IACH) coverage in the network of fast growing markets in Asia, Africa and Middle East.
Societe Generale Securities Services (SGSS) has extended its South African custody hub to Mauritius by becoming the first remote participant to receive approval from the Mauritius Financial Services Commission (FSC) to provide comprehensive custody services in the country.
MSCI, a provider of investment decision support tools worldwide has announced the availability of ESG ratings coverage for South African REITs (Real Estate Investment Trusts) as part of its global coverage of companies in this sector.
e-Front, a software provider of financial solutions for managing alternative investments, has extended its partnership with international technology consulting firm, Methys, naming it the integrator for all eFront solutions in Africa.
Eagle Investment Systems, a provider of financial services technology, has announced that Standard Bank South Africa, will implement its accounting and enterprise data management solutions across its Private Clients business.
Land Equity Group has launched a comprehensive, independent advisory service, Africa Real Estate Advisors (AREA), in response to property investors’ needs to benefit from Africa’s significant growth potential.
I find AGF’s content to be well-written, interesting and highly informative. AGF is able to attract leading figures in the African fund market for exclusive insights and opinion articles that are difficult to find elsewhere.
Joe Greenwell Business Development Director - Augentius
Finding the news behind the news has always been the challenge, but Anna and her team always seem to pull it off. The AGF website, e-newsletter and monthly magazine are read by the whole Phatisa team; well-written, African private equity news not found elsewhere. We are proud to be affiliated with such a young, ambitious and driven media team and wish them only the best.
Stuart Bradley Joint Managing Partner - Phatisa
We find AGF a very useful publication, especially covering, as it does, all asset classes in Africa (as, uniquely, does Investec Asset Management). The public funds data and macro stats are very useful, while the articles and interviews are insightful and often cover (in relative terms) neglected markets and asset classes.
Nick Tims Managing Director
I have found the AGF monthly magazine very informative and always containing some interesting research on the Private Equity industry not found elsewhere.