Africa50, an infrastructure investment platform for Africa, has signed a development agreement with Senelec, Senegal's electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda.
Stanlib, a South African fund manager with R593bn AUM, is planning to close down a number of equity funds to boost returns as part of a restructuring, Bloomberg has reported.
African Rainbow Capital Investments has listed in the “Financials – Speciality Finance” sector of the Main Board of the Johannesburg Stock Exchange.
Mara Delta Property Holdings has changed its name to Grit Real Estate Income Group Limited to better reflect the current and future growth ambitions of the organization.
The Reserve Bank of Zimbabwe (RBZ) is reportedly planning to increase the current $200m bond notes in the Zimbabwean economy to $500m given the shortage of cash in circulation.
Kenya's Capital Markets Authority (CMA) has approved a policy guidance note (PGN) for the listing and trading of global depositary receipts and notes.
The Climate Investment Funds (CIF) has approved $21.7m for the United Republic of Tanzania to finance its Geothermal Energy Development Project.
While Africa has huge potential particularly in the infrastructure sector, bankable investment opportunities in Africa must be unlocked, according to Shem Simuyemba, Coordinator for NEPAD-IPPF.
EFG Hermes UAE, a wholly owned subsidiary of EFG Hermes Holding, has agreed to invest $21.5m for a 50% stake in Frontier Investment Management (FIM) Partners.
Imara Asset Management has discontinued two of its African funds, the Imara East Africa Fund and the Imara African Resources Fund.
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.
