Nigerian banks appear to be navigating current challenges better than anticipated, according to Tolu Alamutu, Analyst at Exotix Partners.
Markets & Industry News
The Capital Markets Authority (CMA) of Kenya has granted approval for the listing of the first Exchange Traded Fund (ETF) to be issued by NewGold Issuer (RF) Ltd.
Falling African equity prices and valuations over the past 30 months have laid the groundwork for better returns ahead, according to Andrew Lapping, Fund Manager at Allan Gray.
TriLinc Global Impact Fund has funded an excess of $500m in total aggregate investments since inception, across 20 countries and 38 sectors through its global network of institutional-class sub-advisors.
In the wake of lower economic growth and political upheaval around the globe, 2016 marked a challenging year for African equity markets, according to a PwC report.
In East Africa, there are a number of investment opportunities within the listed utilities space, according to a recent research by Exotix Partners.
Old Mutual Investment Group (OMIG) has increased their expected longer-term real return for local property to 5.5% a year and for local equities to 5% a year over the next five years, up from 4.5%.
Rand Merchant Bank (RMB), a division of FirstRand Bank, has listed a new product on the Johannesburg Stock Exchange (JSE), which will enable companies and individuals to hold unlimited quantities of cash in US dollars.
The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) has approved a $992k grant to support the preparation of 7.8-MW hydropower project (HPP) in Kenya.
Eurobond issuance in Sub-Saharan Africa was relatively quiet in the second half of 2016, owing partially to the demand by the market for higher yields, according to S&P Global Ratings.
For the first time since December 2009, South African value stocks have pulled ahead of growth stocks when measured over a one-year period, according to Andrew Dittberner, CIO at Cannon Asset Managers.
Sub-Saharan African micro and SME finance markets are expected to grow by 5-10% next year, according to the newly published responsAbility ‘Micro and SME Finance Market Outlook 2017’.
Exotix Partners has added Ghana’s and Cameroon’s sovereign bonds as well as the Guaranty Trust Bank bond to its Top-5 picks, while removing Kenya 24s and Nigerian T-bills.
For portfolio investors, the opportunities are gradually emerging in Tanzania, East Africa’s fastest-growing nation, according to Stuart Theobald, Chairman of Intellidex and Imara Africa Advisors Contributing Analyst.