Egypt’s local debt assets look well placed to continue attracting yield-seeking investors, against a backdrop of accommodative global liquidity conditions, according to Regis Chatellier, Director EM Strategy at Oxford Economics.
Seedstars Africa Ventures has partnered with LBO France for its $100m fund for African early-stage entrepreneurs, as part of the new African strategy of the French PE firm totaling €6.3bn in commitments.
There were no cross-border Initial Public Offerings (IPOs) on African exchanges in the first half of 2021 (H1 2021) according to new Baker McKenzie analysis, H1 IPO Snapshot: Unfolding Trends for 2021.
27four has launched 27four Women, an accelerator managed by women for women that will focus on accelerating the trajectory for achieving both transformation and gender parity goals in South African asset management.
Absa Group, one of Africa’s largest diversified financial services groups, has partnered with Invest African, a business and investment platform for African markets, to support the development of business and investment on the Continent.
Laurium Capital has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
State Street Global Advisors, the asset management arm of State Street Corporation, has launched the SPDR Bloomberg Barclays Emerging Markets USD Bond ETF (EMHC).
Goodwell Investments, an impact investment firm, has launched Goodwell V, a €50m cornerstone feeder fund for a new institutional fund that the company plans to launch in the second half of this year.
Harith General Partners, one of the largest investors in African Infrastructure, has announced a $200m capital raise in a follow-up fund to its Pan African Infrastructure Development Fund (PAIDF) 2, that is open to existing and new investors.
The Government of Canada and the African Development Bank have launched the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component.
The African Development Bank Group has launched a project to support development of domestic debt markets and financial systems in four West African Monetary Zone (WAMZ) countries: the Gambia, Sierra Leone, Guinea and Liberia.
The African Enterprise Challenge Fund (AECF) has launched a $1.2m Innovation Fund to unlock the potential of renewable energy to create new business opportunities.
The Republic of Congo has launched a public bond offering "EOCG 6.25% NET 2021-2026 ” which aims to raise 100bn CFA francs, at a net interest rate of 6.25% and a maturity of five years.
The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively.