In this month’s issue of Africa Global Funds we catch up with Rirhandzu Sithole, Principal ESG and Impact Consultant, EBS Advisory to discuss sustainable investing trends and challenges (p.13).
We also learn about Knife Capital’s new African Series B expansion fund, Knife Fund III, which has received commitments from Standard Bank and the SA SME Fund to name a few. Andrea Böhmert, Co-Managing Partner, tells us about the Fund, its investment strategy and the South African venture capital industry on pp. 14-15.
Next year marks the 20th anniversary of the Broad-Based Black Economic Empowerment Act 53 of 2003. According to the BEE.conomics 2022 survey by 27Four, the sector can expect a flurry of interventions designed to accelerate the adoption of B-BBEE and promote competition. Read more on p.16.
Meanwhile, many Western investors may say they’re open to investing in other markets, but will end up putting more money into the markets they’re most familiar with. Whether investors display home bias consciously or unconsciously, it’s causing them to miss out on significant opportunities - especially in emerging markets, writes Bryan Turner of Spear Capital (p.17).
Finally, we learn about Nigerian banks and why they could see reduced earnings, alongside weaker lending growth and asset quality. Read more on p.22.