In South Africa, 2016 saw less inflows into hedge funds, which may be due to the change in regulation, according to Eugene Visagie, Head of Hedge Fund Investments at Novare.
The Bourse Régionale des Valeurs Mobilières (BRVM) has become the first stock market for Islamic Finance in Africa with five sukuk listings issued by Côte d'Ivoire, Senegal and Togo, amounting to 766bn FCFA ($1.3bn).
Valuations in South Africa still favor local bonds, despite political uncertainty and fears of downgrade, according to Old Mutual Multi-Managers (OMMM), a fully integrated, advice-led wealth management business.
Swala Oil & Gas, Tanzania has engaged Exotix Partners, a boutique investment bank for frontier markets, to place corporate bonds of up to a value of $120m in order to finance a material transaction.
African countries and small and medium-sized enterprises (SMEs) are suffering the most from a deepening global trade finance gap, according to a new survey by the International Chamber of Commerce (ICC).
Mauritius has been ranked the most competitive country in Africa, followed by South Africa, according to the World Economic Forum’s Global Competitiveness Index (GCI) 2016-17.
Stanbic IBTC, a member of Standard Bank Group, has announced public offering of the Stanbic IBTC Dollar Fund (SIDF) and SIAML Pension ETF 40, following the granting of relevant approvals by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange.
Futuregrowth Asset Management has confirmed that it will reopen lending to The Land and Agricultural Bank of South Africa (Land Bank) with immediate effect, following a review of its governance and investor protection mechanisms.
Atlantic Global Asset Management (AGAM), a major global asset management firm with well-established businesses in the Asia-Pacific and South Africa region, and its partner company Questra World, have announced African expansion.
Despite recent political uncertainty, there is currently a sharply improved short-term cyclical outlook for South Africa compared to earlier in the year, according to Johann Els, OMIG Senior Economist.
The anticipated increase in restructuring activities has opened up possibilities for investors looking for distressed debt opportunities in Africa, according to Lyndon Norley, Consultant in the Insolvency & Restructuring Practice, Bowmans.
South Africa’s Emira Property Fund has joined forces with retail property specialists ONE Property Holdings to grow their retail assets and create a larger low LSM retail portfolio.
Futuregrowth, Old Mutual’s Fixed Income asset management boutique, has announced a decision to suspend any additional loans to certain State-Owned Enterprises (SOEs) in South Africa until they obtain further clarity and comfort around the governance and oversight of these SOEs.
African sukuk can provide diversification benefits for Islamic investors as well as additional financing opportunities, Samira Mensah, S&P Global Ratings Credit Analyst, has said.
