Regardless of who wins the next Nigeria's presidential election, the West African economy is heading for further macroeconomic adjustment, according to Jan Dehn, Head of Research at Ashmore.
The Kenya government, businesses, conservation groups and utilities have launched Africa’s first water fund, designed to provide a sustained water supply and to generate $21.5m long-term benefits to Kenyan citizens including farmers and businesses.
Nairobi-based ICEA LION Asset Management (ILAM), an affiliate of the pan-African Imara financial services group, has exceeded $1bn level in assets under management (AUM).
Standard Bank Private Clients will be renamed ‘Wealth and Investment’ to reflect its commitment to adapting its service offering to the evolving needs of its customers as well as to align to global standards for high net worth wealth management.
Global megatrends, such as rapid urbanisation and demographic changes, will drive growth opportunities in the real estate industry across the African continent over the next five years, according to PwC.
North African cities of Cairo, Tunis, Algiers and Casablanca are believed to be among the most dynamic and future focused on the continent, according to the PwC’s first edition of the ‘Into Africa – the continent’s cities of opportunity’ report.
Egypt has secured $60bn of direct investments and soft loans commitments to drive social inclusion and job creation in the country.
CfC Stanbic Bank and Markit, a financial information services provider, have launched the Purchasing Managers’ Index (PMI) for Kenya, a composite index premised on providing the earliest, most accurate and most comprehensive suite of economic indicators in the country.
The Egyptian Exchange (EGX) has started working on the second phase of improving the over the counter (OTC) market mechanisms.
Global pension funds have a good reason to look at African infrastructure, according to Nicolas J. Firzli, co-founder and Managing Director of the World Pensions Council.
Morocco’s microfinance sector is stronger today that it was before the crisis, but still has not reached its full potential, according to Joumana Cobein, IFC Country Manager for the Maghreb region.
Schneider Electric, a global specialist in energy management, in partnership with the European development finance institutions, has launched the Energy Access Fund (EAF) to improve access to sustainable energy in Sub-Saharan Africa.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Government of Niger have signed an agreement to setup a 150bn CFA franc ($253m) sukuk program.
The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Africa Reit to secure a six-acre property located in the Karen-Lang’ata area of Nairobi, Kenya.
