Barak has high hopes for its Shariah Trade Finance Fund
Barak Fund Management, a Mauritius based asset manager, has recently launched a Trade Finance Fund focusing on fully Shariah-compliant transactions in Africa.
Barak Fund Management, a Mauritius based asset manager, has recently launched a Trade Finance Fund focusing on fully Shariah-compliant transactions in Africa.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a $992k grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya.
AfricInvest and Bpifrance have launched the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France.
Eurobond issuance in Sub-Saharan Africa was relatively quiet in the second half of 2016, owing partially to the demand by the market for higher yields, according to S&P Global Ratings.
For the first time since December 2009, South African value stocks have pulled ahead of growth stocks when measured over a one-year period, according to Andrew Dittberner, CIO at Cannon Asset Managers.
Sub-Saharan African micro and SME finance markets are expected to grow by 5-10% next year, according to the newly published responsAbility ‘Micro and SME Finance Market Outlook 2017’.
Exotix Partners has added Ghana’s and Cameroon’s sovereign bonds as well as the Guaranty Trust Bank bond to its Top-5 picks, while removing Kenya 24s and Nigerian T-bills.
For portfolio investors, the opportunities are gradually emerging in Tanzania, East Africa’s fastest-growing nation, according to Stuart Theobald, Chairman of Intellidex and Imara Africa Advisors Contributing Analyst.
Moroccan Sovereign Investment Fund, Ithmar Capital and the World Bank Group have agreed to establish the first pan-African fund dedicated to green investment in Africa.
The size of the local currency debt market is skewed towards Nigeria and Egypt, but many smaller markets are readily accessible to foreign investors, according to Nick Ndiritu, Portfolio Manager at Allan Gray.
Vermillion, a Carlyle Group’s commodities hedge fund, has lost $400m it invested last year in Societe Anonyme Marocaine de l’Industrie du Raffinage (Samir), a Moroccan oil-refinery.
Sub-Saharan Africa represents a $783bn investment opportunity—particularly for clean energy in Cote d’Ivoire, Kenya, Nigeria, and South Africa, according to a study by IFC.
Despite a local election outcome widely accepted to be progressive for the country, consumer and business confidence in South Africa remains deeply depressed, according to Old Mutual Investment Group (OMIG).
The Central Bank of Egypt (CBE) has moved its exchange rate regime to a managed float, setting the Egyptian pound to E£13/$ and annoucning its intention to allow the exchange rate to converge to a market price at the upcoming auction.