Momentum GIM, in conjunction with Eris Property Group, has successfully closed the first tranche of its African Real Estate Fund with $50m commitments from institutional investors, family offices and high networth individuals.
Duet Group, an alternative asset manager, has announced the launch of a UCITS version of its Duet MENA Horizon Fund, a long only equity fund focusing on investment opportunities in listed equities in the Middle East and North Africa region.
Foreign direct investment (FDI) inflows to Africa fell by 3% last year to an estimated $55bn, largely accounted for by a decrease of FDI into North Africa, according to the UNCTAD’s Global Investment Trends Monitor.
African Alliance, an Africa-focused investment banking group, has launched a R65m ($5.64m) AUM unit trust, the African Alliance SA S&P; GIVI Equity Prescient Fund.
Recent drastic declines in the international oil price and the resultant sharp cuts in the local petrol price could herald a sharp turnaround in South Africa’s more immediate fortunes, according to Old Mutual Investment Group.
East African equity markets showed the best performance in Sub-Sahara Africa (SSA) during 2014, led by Tanzania (+22.7%), Uganda (14.1%) and Kenya (13.3%), according to a report by PineBridge Investments.
The continuous decline in crude oil prices is posing a number of challenges for Sub-Saharan Africa, according to Fusion Group.
High net worth individuals will be key driver for small and new South African funds going forward, according to some of the participants at the latest Opalesque South Africa Roundtable.
The microfinance market in Sub-Saharan Africa is expected to achieve growth rates of 10-20% in 2015, according to the Microfinance Market Outlook by responsAbility Investments.
The Franco-American Alliance for Islamic Finance (FAAIF) and the African Islamic Economic Foundation (AFRIEF) have joined forces to promote Islamic finance in Africa.
Tunisia is planning to issue $1.75bn of dollar-denominated and Islamic bonds in 2015 as it seeks funds to revive economic growth, according to the central bank governor Chadli Ayari.
The Egyptian Exchange (EGX) will start trading on the first exchange traded fund (ETF) on EGX 30 index in the Egyptian market on Wednesday, January 14, 2015.
Access Power MEA, a power project developer focused on the Middle East and Africa, and EREN, a renewable energy developer, have launched Access Infra Africa, a vehicle that will invest in the early stage development of power projects in Africa.
Old Mutual has acquired a 23.3% stake in UAP Holdings, an East and Central African financial services company with a presence in six countries, for KES 8.88 bn ($97.6m).
