Imara Asset Management has discontinued two of its African funds, the Imara East Africa Fund and the Imara African Resources Fund.
Markets & Industry News
EFG Hermes’s asset management division has been awarded mandates from Ahli United Bank- Egypt to manage two funds.
Fairfax Africa has agreed to invest a minimum of $130m in Atlas Mara as part of a broader strategic investment announced by Atlas Mara.
South Africa has an opportunity to re-invigorate its affordable residential build sector through the establishment of listed residential funds, according to Standard Bank.
Brainworks, a Mauritian-based holding company with a diversified Zimbabwean investment portfolio, has made its submission to the JSE for its listing on the main board.
Ivory Coast has issued Eurobonds with two tranches: a dollar-denominated 16-year $1.25bn offering at 6.250%, and an eight-year euro-denominated tranche worth €625m, yielding 5.125%.
Old Mutual Emerging Markets (OMEM) has launched a new Wealth and Investment cluster to be headed by Dave Macready, the current CEO of Old Mutual South Africa (OMSA).
Following the completion of South Africa’s largest bookbuild in South African rand, Barclays PLC has sold 33.7% of Barclays Africa’s issued share capital at a price of R132 per share.
As West Africa has become an increasingly attractive investment destination, the importance of a capable infrastructure financial modelling service cannot be understated, Pramodh Debipersad, Project Finance Director for Mazars, has said.
Investments in green energy infrastructure can bolster Africa's economic development and bring it closer to achieving the sustainable development goals (SDGs), according to Juliette Biao Koudenoukpo, Director and Regional Representative of the Africa Office for the UN Environment Programme (UNEP).
Namibia Mortgage Acceptance Corporation (Namibia MAC), a subsidiary of Africa Growth Corporation seeks to raise $250m to accelerate the privately funded affordable housing mortgage market in sub-Saharan Africa.
The South African property market saw a 55,2% increase in investments in 2016, according to a new report by a real estate consulting firm, JLL SSA.
The African Development Bank (AfDB) has expanded its African Bond Index by adding two more countries - Zambia and Ghana.
Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to Africa’s Pulse.