Capitalworks, a South African private equity firm, has launched Africa Capitalworks, an investment company that will deploy permanent equity capital in mid-market companies in selected sectors across sub-Saharan Africa, excluding South Africa.
The Federal Government of Nigeria has received credit from the International Development Association (IDA) and intends to apply $30m Naira equivalent of the proceeds towards the establishment and management of a commercially viable SME Investment Fund under the Growth and Employment Project.
Stanlib, a South African fund manager with R593bn AUM, is planning to close down a number of equity funds to boost returns as part of a restructuring, Bloomberg has reported.
African Rainbow Capital Investments has listed in the “Financials – Speciality Finance” sector of the Main Board of the Johannesburg Stock Exchange.
Satrix has listed a new exchange traded fund on the Johannesburg Stock Exchange, which tracks the MSCI Emerging Markets Investable Market Index.
Denmark-based A.P. Moller Holding, PKA, PensionDanmark and Lægernes Pension have jointly launched an Africa-focused infrastructure fund.
Mara Delta Property Holdings has changed its name to Grit Real Estate Income Group Limited to better reflect the current and future growth ambitions of the organization.
The Reserve Bank of Zimbabwe (RBZ) is reportedly planning to increase the current $200m bond notes in the Zimbabwean economy to $500m given the shortage of cash in circulation.
Kenya's Capital Markets Authority (CMA) has approved a policy guidance note (PGN) for the listing and trading of global depositary receipts and notes.
The Climate Investment Funds (CIF) has approved $21.7m for the United Republic of Tanzania to finance its Geothermal Energy Development Project.
While Africa has huge potential particularly in the infrastructure sector, bankable investment opportunities in Africa must be unlocked, according to Shem Simuyemba, Coordinator for NEPAD-IPPF.
EFG Hermes UAE, a wholly owned subsidiary of EFG Hermes Holding, has agreed to invest $21.5m for a 50% stake in Frontier Investment Management (FIM) Partners.
Imara Asset Management has discontinued two of its African funds, the Imara East Africa Fund and the Imara African Resources Fund.
EFG Hermes’s asset management division has been awarded mandates from Ahli United Bank- Egypt to manage two funds.
