Old Mutual has acquired a 23.3% stake in UAP Holdings, an East and Central African financial services company with a presence in six countries, for KES 8.88 bn ($97.6m).
TriLinc Global Impact Fund has recently approved around $3m in trade finance transactions to companies in South Africa and Zambia.
Whilst equities were in the red in 2014, it was a strong year for Africa bond indices, according to Tim Edwards, Senior Director, Index Investment Strategy at S&P; Dow Jones Indices.
The Executive Secretary of the Economic Commission for Africa, Carlos Lopes has called on the international community to consider debt cancellation for Ebola-affected countries as this would create the right conditions for recovery in their post-crisis phase.
Africa is a very significant region for the depositary receipt market, according to Anthony Moro, Head of EMEA at BNY Mellon's Depositary Receipts business.
National Bank of Canada (NBC), the sixth largest bank in Canada, has acquired 9.5% stake in AfrAsia Bank - its first investment deal in Africa.
The Egyptian Exchange (EGX) has continued its efforts to attract new companies to list on the Egyptian main market or in NILEX market for small and medium companies.
Imara Holdings has announced the planned sale of one of its subsidiaries, the stockbroker Imara S.P. Reid (ISPR), to MMI Strategic Investments (MMI) for a maximum of R120m ($10.28m).
The introduction of the AIFMD has increased the attractiveness of European onshore domiciles for non-EU managers, according to a report published by the Association of the Luxembourg Fund Industry (ALFI), carried out by Oliver Wyman.
Asset managers, pension funds, banks and insurers expect to be spending more on tax and regulatory-related change in 2015 and for some years beyond, according to a new poll by BNY Mellon.
S&P; Dow Jones Indices has expanded its factor-based indices in South Africa with the launch of the S&P; GIVI South Africa Indices.
Pan Africa Asset Management (PAAM), an investment management arm of the Pan Africa Holdings Group, one of the largest and longest-established financial services groups in Kenya, has received approval by the Capital Markets Authority (CMA) to register the Pan Africa Unit Trust Scheme as a collective investment scheme.
The Johannesburg Stock Exchange (JSE) has successfully completed the second phase of the T+3 project, which will result in the local equities market moving from the current T+5 settlement cycle to a shorter, three day settlement cycle.
Old Mutual Emerging Markets (OMEM) will be moving its Johannesburg Head Office from its existing property, Mutual Square on Grayston Drive, to a planned new building in the heart of Sandton.
