Falling African equity prices and valuations over the past 30 months have laid the groundwork for better returns ahead, according to Andrew Lapping, Fund Manager at Allan Gray.
TriLinc Global Impact Fund has funded an excess of $500m in total aggregate investments since inception, across 20 countries and 38 sectors through its global network of institutional-class sub-advisors.
In the wake of lower economic growth and political upheaval around the globe, 2016 marked a challenging year for African equity markets, according to a PwC report.
Outlierz, a Moroccan based investment firm, has launched a new seed fund dedicated to provide smart capital to startups in Africa.
Mawer Investment Management, a Canadian independent investment firm managing in excess of $40bn across all major asset classes, has launched its first emerging markets fund with allocation to Africa.
In East Africa, there are a number of investment opportunities within the listed utilities space, according to a recent research by Exotix Partners.
Jaltech, a South African boutique corporate finance firm, and Stefanutti Stocks, a construction group listed on the JSE, have launched the JSS Empowerment Mining Fund to invest in junior mining companies.
Old Mutual Investment Group (OMIG) has increased their expected longer-term real return for local property to 5.5% a year and for local equities to 5% a year over the next five years, up from 4.5%.
Rand Merchant Bank (RMB), a division of FirstRand Bank, has listed a new product on the Johannesburg Stock Exchange (JSE), which will enable companies and individuals to hold unlimited quantities of cash in US dollars.
The European Union (EU), the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF) have jointly launched the Yield Uganda Investment Fund.
Barak Fund Management, a Mauritius based asset manager, has recently launched a Trade Finance Fund focusing on fully Shariah-compliant transactions in Africa.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a $992k grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya.
Eurobond issuance in Sub-Saharan Africa was relatively quiet in the second half of 2016, owing partially to the demand by the market for higher yields, according to S&P Global Ratings.
AfricInvest and Bpifrance have launched the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France.