Impact Investment Trust, an investment company offering exposure to a portfolio of funds investing for impact in developing countries, is planning to raise up to $150m via an IPO on the London Stock Exchange.
Sanlam and Africa Infrastructure Securities (InfraSec) have launched the Sanlam InfraSec Infrastructure Fund, a US dollar-denominated fund that will invest in infrastructure projects with an emphasis on economic growth, social upliftment and energy.
Amundi and IFC have agreed to create the largest green-bond fund dedicated to emerging markets, a $2bn initiative that aims to deepen local capital markets and expand financing for climate investments.
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.
Vukile Property Fund, Arrowhead Properties and Synergy Income Fund have concluded agreements to create a high-yield, high-growth fund within the existing entity of Synergy, to be renamed GemGrow Properties.
Old Mutual Investment Group (OMIG) has announced its plans to expand its commercial real estate and agriculture footprints in Africa through a partnership with Nigerian Sovereign Investment Authority (NSIA), Nigeria’s sovereign wealth fund.
Novare, a financial services group in South Africa, has launched two retail fund of hedge funds, the Novare Equity Long/Short Retail Fund of Hedge Funds, and the Novare Low Equity Long/Short Retail Fund of Hedge Funds.
Ashburton Investments has successfully concluded the first close of a green debt initiative comprised of debt arising from infrastructure projects under the South African Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
Investec Asset Management and Growthpoint Properties in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-African real estate investment business.
The German KfW on behalf of the German Federal Ministry for Economic Cooperation and Development has launched the African Local Currency Bond Fund (ALCB Fund) to invest in local currency bonds in Africa.
Specialist risk financer for small and medium enterprises (SMEs), Business Partners (BUSINESS/PARTNERS), has committed $6m along with other international investors to establish Business Partners International East Africa (BPI EA).
Access Infra Africa, a developer, owner and operator of power assets in Africa, has launched the Access Co-Development Fund (ACF), a $5m competition designed to bridge the gap between early stage renewable energy projects in Africa and the expertise and funding they require to come to operation.
The Dreyfus Corporation, the mutual fund arm of BNY Mellon Investment Management, and CenterSquare Investment Management have launched the Dreyfus Global Infrastructure Fund, which provides individual investors with the opportunity to invest in the growth potential of infrastructure assets.
Computershare, as the administrators, and etfSA.co.za, as the portfolio managers and financial advisors, have launched a new tax free product in South Africa, using only exchange traded funds (ETFs) as the investment constituents.
Business Partners, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched two specialized SME funds for the property sector, both aimed at driving property ownership and enabling entrepreneurs to grow their equity base.
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.
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.
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.
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.
GEMfonds, a UK-based investment management company, has revealed it plans to launch a $500m Nigeria-focused infrastructure fund in June 2015, alongside Sigrun, a Madrid-based investment banking firm, and The Infrastructure Bank (TIB), a partly Nigeria’s government-owned dedicated infrastructure bank.
Business Partners, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched a R300m ($27m) manufacturing fund, which aims to assist SMEs that operate within the manufacturing sector.
The African Development Bank, the African Union Commission (AUC) and the Economic Commission for Africa (ECA), have launched the Clim-Dev Special Fund (CDSF), a multi-donor fund, which aims to address the challenges associated with climate data and information.
The German development Agency KfW and the Dutch catholic development organization Cordaid have jointly launched FPM SA, a refinancing vehicle targeting microfinance institutions and MSME banks in the Democratic Republic of Congo (DRC).
The South African government, in collaboration with private companies and donors, have unveiled the Ebola Response Fund to contribute in the fight against the intensifying virus outbreak in West Africa.
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