Tuesday, March 26, 2019 UTC

AGF Magazine - March 2019 issue

  • We focus on fixed income opportunities in both public and private markets. Read on to find in which fixed income instruments and in which African markets to invest on pp. 10-11. In addition, Ashley Benatar of Ashburton Investments shares his views on benefits and risks of investing in mezzanine debt on p.22.
  • We speak with Jérémie Ceyrac, Head of Equity, Responsible Investments at Proparco to learn more about the French development institution, financial products on offer, recent investments in Africa and African impact investment scene (pp. 13-15).
  • This month’s market feature focuses on Nigeria. Sven Richter, Fund Manager, Drakens Capital, writes about his recent trip to the West African country and his observations. “While Nigeria is attractive as an investment destination, the GDP growth is a disappointment for a county that we expect to be one of the leaders in Africa,” he says (pp. 16-17).
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News > Funds > Launches

Kuramo and Nile launch new investment firm

Africa Global Funds
June 6, 2017, midnight
648

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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