The acquisition of Prescient’s financial services (PFH) operations by Stellar Capital, a JSE listed investment holding company with a reported net asset value of R1.42bn, is expected to complete by the end of this year.
African commercial property funds are increasingly running into US dollar-driven volatility and liquidity challenges as local currency earnings devalue against US dollar-denominated debt, according to Standard Bank.
Exotix Partners, a global finance and investment firm, has added Nigeria T-bills to its top-5 global picks in frontier markets debt, Africa Global Funds has learned.
Zambia offers a strong policy environment for investors with no exchange control, no capital gains tax and a fairly good legal system protecting property rights, according to Stuart Theobald, Chairman of Intellidex and Imara Contributing Analyst.
The Channel Islands Securities Exchange (CISE) has recently seen more enquiries about Islamic finance products from Africa-based asset managers and is taking steps to capitalize on the renewed interest.
FTSE Russell, a global index and data provider wholly owned by London Stock Exchange Group, has recently launched its new FTSE NSX Index Series, designed to represent the performance of Namibian companies.
ALTX Africa Group, an investment holding company incorporated in Mauritius, has launched a new financial exchange in Uganda, the first in a series of steps to establish the network of exchanges in Africa.
In a low return or a volatile market environment in South Africa, hedge funds offer the best hope for positive returns, according to Geoff Blount, Managing Director of BayHill Capital.
The UK’s decision to leave the EU (Brexit) brings long-lasting political and economic consequences and is rather inopportune for African economies, however asset managers and investors alike should focus on their long-term strategies.
STANLIB, a Johannesburg based asset manager, has consolidated its equity products and mandates into a single Equity franchise, to enhance its specialist South African Equity franchise. Herman van Velze, who is currently Head of Investments and co-manages the Multi Asset Franchise, will contnue to be the Head of Investments and lead this Equity franchise from October 2016.
IFC, a member of the World Bank Group, and the Ghana Stock Exchange (GSE) have partnered to promote the adoption of sound business practices within the capital market to support business expansion and boost economic growth.
Ashburton Investments, the asset management business of the FirstRand Group, has announced the launch of a new sterling share class for its US dollar-based Africa Equity Opportunities Fund.
The shift from a tiered to a managed floating FX regime in Nigeria opens up the US Dollar-based equities investment case again, according to Alan Cameron, Economist at Exotix Partners.
Ethiopia’s electric utility has agreed to pay nearly $6.5m to settle charges that it violated US securities laws by failing to register bonds it offered and sold to US residents of Ethiopian descent.
