A higher oil price will help the Nigerian economy, but it is not required to make the Nigerian banks very attractive investments, according to Andrew Lapping, Portfolio Manager at Allan Gray.
With lots of discussions around potential downgrade in South Africa, many investors have doubts whether Banks should be included in portfolios, according to Alwyn van der Merwe, Director of Investments, Sanlam Private Wealth.
Quantum Global Group, an investment firm focusing on Africa, has announced expansion plans across Africa and the new representative office in Dubai to serve as a gateway for regional investors into Africa.
ALUWANI Capital Partners, an independent investment management business in South Africa, is understood to be relaunching its Pan-African ex South Africa fixed income fund under a new platform, according to Mishnah Seth, Head of Frontier Strategies.
The Emerging Africa Infrastructure Fund (EAIF) has participated in the financing of a project to develop and construct a 5.4MW run-of-the-river hydropower project in Uganda.
Deutsche Invest | Africa, a €85m Pan-African equity fund, favors South Africa, Kenya and Egypt, according to Sebastian Kahlfeld, Senior Fund Manager at Deutsche Asset Management (Deutsche AM).
The Middle East is becoming a hub for channeling investment into Africa, as its economies continue to expand and develop, according to a recent report by international law firm Hogan Lovells.
TriLinc Global Impact Fund has recently approved $16.75m in trade finance transactions in companies operating in Sub-Saharan Africa.
Ethiopia may be the second-largest economy in the world after Angola without a stock exchange and there are no plans for one in the coming five years, Charlie Robertson, Global Chief Economist at Renaissance Capital has said.
Growthpoint, the largest South African primary listed REIT (real estate investment trust), is undertaking two large solar installations on the rooftops of its Northgate Mall and Brooklyn Mall in Johannesburg and Pretoria, each with a capacity of nearly 1,2MWp.
MSCI has announced that it’s considering removing Nigeria from the MSCI Frontier Markets Index given restrictions on currency trading and the resulting deterioration of FX liquidity impacting investors’ ability to repatriate capital.
The International Monetary Fund (IMF) has received a formal request from Angola to initiate discussions on an economic programme that could be supported by financial assistance.
Credit concentration is a systemic issue in South Africa, affecting most or all variable rate money market funds, as well as other fixed income funds which are essentially cash strategies, according to Global Credit Ratings (GCR).
Neptune, a UK-based fund management company, has announced that it will merge its £9.6m ($13.7m) Neptune Africa Fund into the £7m ($9.99m) Neptune Emerging Markets Fund on April 29, 2016.
