I&P and the Government of Monaco to create impact fund dedicated to African education

IFC and BRVM partner to strengthen corporate governance

IFC, a member of the World Bank Group, and West Africa Regional Stock Exchange, Bourse Régionale des Valeurs Mobilières, have signed an agreement to cooperate toward improving corporate governance practices of listed companies. 

Azimut enters Egyptian asset management industry

Azimut Group, Italy’s independent asset manager, has agreed to acquire 100% of Rasmala Egypt Asset Management from Rasmala Group, an independent alternative asset management group. 

Horwath HTL sees potential for hotel development in Ivory Coast

The opportunities for hotel development in Ivory Coast are at their strongest for a long time, as the country continues to bounce back from internal conflict, according to Philippe Doizelet, Horwath HTL’s Managing Partner.

SA funds: Offshore investing is ‘mainstreaming’

South African investment fund managers are moving fast to meet investor demand for offshore diversification, according to Guernsey Finance.

BNPP AM launches EM Equity Fund

BNP Paribas Asset Management (BNPP AM) has launched a new Emerging Markets Equity mutual fund that will have exposure to South African equities.   The BNPP AM Emerging Markets Equity Fund seeks long-term capital appreciation by investing in quality companies at a compelling price over a long-term investment horizon. 

African Power Platform launched

The African Power Platform (APP) has been launched as a new initiative to connect Governmental and Private Stakeholders of the African power sector by creating a network where they can connect with ease. 

Investec strengthens its partnership with CADFund

Investec Asset Management has strengthened its strategic partnership with the China-Africa Development Fund (CADFund), the Chinese government’s main platform for facilitating Chinese investment in Africa with AUM of around $10bn.

Arbaro Fund for sustainable forestry launched

Global impact asset manager Finance in Motion has joined forces with Unique, a timber sector advisory company, to establish a new impact fund for sustainable forestry, the Arbaro Fund.

Mergence opens office in Lesotho

Mergence Investment Managers, a majority black-owned asset manager with offices in Cape Town, Johannesburg and Windhoek has announced the opening of a newly licensed subsidiary in Maseru, Lesotho.

Zim stocks expensive to buy

Zimbabwean stocks are expensive for new money investment, Hasnain Malik - Managing Director, Frontier Markets Equity Strategy at Exotix, has said.

New fund for SMEs in Somalia launched

Norfund has, together with Shuraako, a program of One Earth Future, and the Danish development finance institution, IFU, have launched the Nordic Horn of Africa Opportunities Fund.

African eurobonds hit hard in 2018

Despite improved economic growth and better fundamentals, African Eurobonds have been hit hard in 2018, with at present 48% of African credits trading with yields over 7%, according to Renaissance Capital.

Imperial College London and MIT launch seed fund for ‘blue-skies’ research

Imperial College London and the Massachusetts Institute of Technology (MIT) have launched a seed fund for ‘blue-skies’ research worth up to $100,000, with a regional focus on Africa.