In 2021, Sub–Saharan Africa’s (SSA) macro outlook will be shaped by three themes: FX policy; a sluggish services sector and a fiscal overhang, according to Renaissance Capital.
The African Development Bank has announced the addition of two new countries - Mauritius and Morocco - to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market.
Digital Africa in partnership with Proparco has launched Bridge Fund by Digital Africa, a new financial instrument to help African startups mitigate the economic impact of the Covid-19 pandemic.
Centum Real Estate, a subsidiary of the NSE-listed Centum Investment Company, has opened a KES4bn project bond issue to finance its ongoing housing projects.
Old Mutual, a Pan-African financial services Group, has concluded a successful bond issuance, raising R2bn and attracting new investors in the process.
BlueOrchard Finance in partnership with Schroders, CDC, DFC, and JICA has launched the BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund with a target size of $350m.
The Emerging Africa Infrastructure Fund (EAIF) has invested XOF 8.3bn ($15m) in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), the owner of the Port of Dakar.
Sanlam Investments has partnered with international asset manager and pioneer in sustainable investing, Robeco, to enhance and cement their commitment to sustainable investment practices and, in turn, revitalise their purpose and create fresh impact.
African Lions Fund, a BVI domiciled private fund to invest in sub-Saharan Africa ex-South African equity markets, is set to launch for trading in October, according to CEO of the Investment Manager, ST Funds Management, Tim Staermose.
In South Africa, March and April were volatile months for fixed income investors, but the market has been relatively stable since, Lyle Sankar, fund manager at PSG Asset Management, has said.
The Emerging Africa Infrastructure Fund (EAIF) has acted as an anchor investor in a bond issued in London on June 8, 2020 by HTA Group (HT), a whole owned subsidiary of Helios Towers.
Nasdaq has added two of the world’s largest issuers of social bonds to Nasdaq Sustainable Bond Network, a global and publicly available platform designed to improve transparency in the market for green, social and sustainability bonds.
Investment into the Tanzanian treasury bond sector offers a compelling opportunity and the backing of the Government of the United Republic of Tanzania for the Treasury Bonds further provides a high level of risk mitigation, according to Jim Coleman, CEO of de Carnys Capital.
Ninety One, a JSE- and LSE-listed investment manager, in association with Ethos Private Equity has launched an impact investment initiative, the Ninety One SA Recovery Fund.