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).
Index tracking products in Africa are gaining assets faster than ever before, according to Zack Bezuidenhout, Head of South Africa and Sub-Saharan Africa at S&P; Dow Jones Indices.
California-based firm Africa Capital Group has announced it is now raising capital for its Africa-focused equity fund from US investors.
STANLIB has recently launched its first Bond Index (ALBI) Tracking Fund, a unit trust fund that provides investors with a low cost exposure to bonds.
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.
The French government has unveiled a €240bn ($271.56bn) Africa investment fund at the French-African Forum for a Shared Growth in Paris.
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.
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.
