BlackRock has received regulatory approval to offer a range of offshore funds to South African investors, including asset managers, retirement funds and insurance companies, as well as financial advisors.
The Government of Sudan has launched an online trading system of its stock market, a landmark development in the Sudan’s financial history.
Growth in Africa is expected to average over 4% over the next five years, but is still heavily commodity-dependent, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
TriLinc Global Impact Fund has approved Scipion Capital to act as a sub-advisor on trade finance investment opportunities in Sub-Saharan Africa, broadening its trade finance and term loan investment capabilities in the region.
Old Mutual has announced that its four businesses - Old Mutual Emerging Markets (OMEM), Nedbank Group, Old Mutual Wealth (OMW) and Old Mutual Asset Management (OMAM) – will be separated from each other by the end of 2018.
The South African hedge fund industry is expected to experience growth spurt now that investors have access to regulated products, Robert Foster, Convenor of the ASISA Hedge Funds Standing Committee, has said.
MMI Holdings Limited (MMI), a South African based financial services group, has reported a 14% increase in new business flows for the six months to December 31, 2015.
Renaissance Capital, an investment bank focused on emerging markets, favors Morocco from an equity strategy perspective, particularly against more challenged markets elsewhere in Africa for Africa funds.
The RenAsset Africa ex S.A. Fund has been sold to Drakens Capital, while the Renaissance Sub-Saharan Fund has been closed, according to Sven Richter, Fund Manager at Drakens Capital.
Barclays has announced its intention to sell down its 62.3% interest in Barclays Africa Group over the coming two to three years, after posting an annual loss of £394m ($550m).
The increasing risk aversion of many frontier market investors has left many African stocks trading at valuations not seen for years, Peter C. Thoms, Founder and Portfolio Manager of Africa Capital Group LLC, has said.
The recent oil-price shock, currency risk, and legacy portfolio issues are the key threats for emerging EMEA banking sectors in 2016, according to Standard & Poor's Credit Analyst Natalia Yalovskaya.
BayHill Capital, a new boutique investment firm in South Africa, has been launched to offer unique and exciting client offerings.
EFG Hermes, an investment bank in the Middle East and North Africa region, has launched its first UCITS funds, which are now available to European investors.
