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AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > Funds > Launches

Kuramo and Nile launch new investment firm

Africa Global Funds
June 6, 2017, midnight
698

Word count: 262

Kuramo Capital Management and Nile Capital Management have announced a strategic partnership to launch a new investment management entity called Kuramo Nile Capital Management (Kuramo Nile). 

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Kuramo Capital Management and Nile Capital Management have announced a strategic partnership to launch a new investment management entity called Kuramo Nile Capital Management (Kuramo Nile). 

As part of the Kuramo Capital platform, Kuramo Nile will focus on delivering superior risk-adjusted returns in Africa’s public markets for institutional and retail clients globally.

“I am delighted to announce this partnership with Nile Capital to establish Kuramo Nile,” said Walé Adeosun, Founder and CIO of Kuramo Capital Management. 

“We believe that Kuramo Nile brings world-class investment management capabilities to the public markets in Africa, given its combined extensive and global investment experience, client-focused service, robust infrastructure, and on-the-ground presence,” he said.

Larry Seruma, CEO of Nile Capital Management, who will serve as CIO of Kuramo Nile, said: “I have known Kuramo Capital and its leadership team for a long time and we both share common values about investing and a strong commitment to investing in Africa.” 

“The new firm presents a comprehensive investment platform for investors seeking to capitalize on Africa’s growth potential and investment opportunities.” 

Seruma founded Nile Capital Management in 2004 and has deep experience investing in the public markets in Africa. 

Kuramo Nile will utilize proprietary macro-economic research and in-depth bottom-up fundamental analysis to select and manage a focused portfolio of stocks drawn from the most attractive emerging and frontier markets of Africa.

The Kuramo Nile partnership will benefit from the mutual strengths of Kuramo Capital and Nile Capital and will leverage Kuramo’s institutional offerings, global footprint, and infrastructure, while building on Nile Capital’s track record.

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