In East Africa, there are a number of investment opportunities within the listed utilities space, according to a recent research by Exotix Partners.
Jaltech, a South African boutique corporate finance firm, and Stefanutti Stocks, a construction group listed on the JSE, have launched the JSS Empowerment Mining Fund to invest in junior mining companies.
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 European Union (EU), the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF) have jointly launched the Yield Uganda Investment Fund.
Barak Fund Management, a Mauritius based asset manager, has recently launched a Trade Finance Fund focusing on fully Shariah-compliant transactions in Africa.
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.
AfricInvest and Bpifrance have launched the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France.
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.
Moroccan Sovereign Investment Fund, Ithmar Capital and the World Bank Group have agreed to establish the first pan-African fund dedicated to green investment in Africa.
