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.
Based on the latest oil price performance, the year ahead should prove to be quite challenging for Angola, according to the latest research by Eaglestone Advisory.
Botswana remains the continent’s least corrupt country, improving its ranking by three positions to reach 28th place, according to the 2015 Corruption Perceptions Index (CPI) by Transparency International.
Africa is probably the most exciting story of the future when talking about frontier markets, Carlos Hardenberg, Senior Vice President, Director of Frontier Markets Strategies, Templeton Emerging Markets Group, has said.
South African government bonds denominated in US dollars currently yield 2.8% more than US Treasury bonds to compensate investors for well-known South Africa specific risks, according to Mark Dunley-Owen of Allan Gray.
The year began with the continued depreciation of the naira against the dollar and uncertainty around the direction of economic policies, which fueled an already prevalent bearish sentiment in the Nigerian capital market.
Duet Group, a $5.6bn alternative asset manager, has announced the Duet EM Frontier Fund and the Duet MENA Horizon Fund performance for 2015.
The Founder of the South African asset management company, Allan WB Gray, has established a new foundation to hold the family’s controlling interests in the Allan Gray and Orbis groups.
Tumbling commodity prices, indications of a slowdown in Chinese growth and a risk-off sentiment inspired by the first rise in US interest rates since 2006 were among the major themes driving African indices in 2015.
The return of veteran finance minister Pravin Gordhan will help to stabilize markets in South Africa, but the damage will be longer-lasting, according to David Kohl, Chief Currency Strategist and Head Economist Germany at Julius Baer.
South Africa has moved one step closer to a junk bond status after Fitch Ratings and Standard & Poor’s (S&P;) both releasing their sovereign credit rating reviews on the country on Friday, December 4.
