South Africa’s GreenCape and National Treasury’s Jobs Fund have launched an approximately R488m Green Outcomes Fund (GOF), which provides outcomes-based matched funding to local investment funds to support investments into green local Small, Medium and Micro-sized Enterprises (SMMEs).
Insurance firms are an important source of capital for investment on the African continent, according to Gilbert Anyetei, Alternative Investment Associate at RisCura.
Vital Capital, an impact investor focused on companies in sub-Saharan Africa, has announced a new debt facility providing loans to promising businesses to help them get through the coronavirus pandemic while continuing to offer essential services.
In light of the recent volatile market conditions, the boards of Investec have decided not to pursue the global offer of approximately 10% of the combined total issued share capital of Ninety One.
Social Investment Managers and Advisors (SIMA), a new generation of impact investment manager, has launched a $90m senior debt fund targeting off-grid solar energy and financial access in Sub-Saharan Africa and South Asia.
Frontier funds are currently very underweight with just 1.8% in Morocco, but may increase their exposure when its weight in the MSCI Frontier Index increases, according to Renaissance Capital.
SDG500, a $500m impact investment platform, has launched, combining partners from the private and public sectors, including United Nations entities, non-governmental organisations and a private equity firm, to catalyse investments that will help achieve the Sustainable Development Goals (SDGs).
Norfund has, together with Shuraako, the Danish development finance institution, IFU, and Arsenault Family Foundation, established a $10m fund for supporting small and medium sized companies in Somalia.
Shell Foundation, a UK-registered charity, together with FMO, the Dutch entrepreneurial development bank, have launched the $120m Energy Entrepreneurs Growth Fund (EEGF), with an initial close of $45m.
The Infrastructure Consortium for Africa (ICA) has announced a 24% leap in infrastructure financing in Africa in 2018, surpassing $100bn for the first time.
The demerger and independent listing of Investec Asset Management (IAM) remains on track for Q1 2020, subject to Investec Group shareholder approvals.
The African Development Bank has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, has reported results for the six months ended August 31, 2019 reflecting continued headwinds facing the macro-economy and the commercial office sector.
Black-owned asset management firms are introducing product offerings that cater towards increased interest from institutional investors towards real assets such as infrastructure and private equity, according to Fatima Vawda, 27four Investment Managers Managing Director.