Gaia Fund Managers, Fibonacci Managers and Kruger International Asset & Wealth Management, have announced the listing of South Africa’s first specialist real estate investment trust (REIT), investing in fibre optic network infrastructure on the Cape Town Stock Exchange (CTSE, formerly 4AX).
The Kigali International Financial Centre (KIFC) has announced a $250m Virunga Africa Fund I to invest in vital sectors that will drive economic and social transformation across the African continent.
The Financial Action Task Force (FATF) has removed Mauritius from its grey list of countries under increased monitoring.
Credit Suisse Group has agreed to pay nearly $475m to US and UK authorities, including nearly $100m to the Securities and Exchange Commission (SEC), for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.
Sanlam and Absa have agreed to combine their investment management businesses in a transaction which will result in an asset management company with assets under management, administration and advice in excess of R1trn.
ARM-Harith Infrastructure Investments, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Nigeria, has announced plans to launch the ARM-Harith Cities and Climate Transition Fund (ACT Fund).
Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering - the Infrastructure Climate Resilient Fund (ICRF).
STANLIB has launched a Pan Africa Debt Fund, which will allow investors to tap into the attractive dollar yields, geographic diversification and fast-growing economies presented by the African continent.
Emergence Plaza, the owner of Côte d’Ivoire’s most visited retail complex Cosmos Yopougon, has issued the 8-year notes at a yield of 7.5%.
Prudential has attained a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) rating. This follows its latest Financial Sector Council scorecard audit that was finalised in July 2021, based on its FY2020 financial results.
Barak Fund Management has decided to launch two new funds - the Emerging Markets Term Fund and the Emerging Market High Yield Fund.
Mergence Lesotho has launched two unit trust investment products - the Mergence Lesotho Equity Unit Trust Fund and the Mergence Lesotho CPI + 4% Fund.
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.