The anticipated increase in restructuring activities has opened up possibilities for investors looking for distressed debt opportunities in Africa, according to Lyndon Norley, Consultant in the Insolvency & Restructuring Practice, Bowmans.
South Africa’s Emira Property Fund has joined forces with retail property specialists ONE Property Holdings to grow their retail assets and create a larger low LSM retail portfolio.
Futuregrowth, Old Mutual’s Fixed Income asset management boutique, has announced a decision to suspend any additional loans to certain State-Owned Enterprises (SOEs) in South Africa until they obtain further clarity and comfort around the governance and oversight of these SOEs.
African sukuk can provide diversification benefits for Islamic investors as well as additional financing opportunities, Samira Mensah, S&P Global Ratings Credit Analyst, has said.
The Bourse Regionale des Valeurs Mobilieres (BRVM) is aiming to have a dedicated mining platform in place by 2018, according to General Manager Edoh Kossi Amenounve.
Vukile Property Fund, Arrowhead Properties and Synergy Income Fund have concluded agreements to create a high-yield, high-growth fund within the existing entity of Synergy, to be renamed GemGrow Properties.
Liberty Holdings has announced its intention to list a portion of its premium property portfolio on the main board of the JSE as a Real Estate Investment Trust (REIT) towards the end of 2016.
The acquisition of Prescient’s financial services (PFH) operations by Stellar Capital, a JSE listed investment holding company with a reported net asset value of R1.42bn, is expected to complete by the end of this year.
The City of Cape Town and The Nature Conservancy are looking to establish South Africa’s first water fund in order to safeguard water supplies and biodiversity, while supporting local livelihoods.
African commercial property funds are increasingly running into US dollar-driven volatility and liquidity challenges as local currency earnings devalue against US dollar-denominated debt, according to Standard Bank.
Old Mutual Investment Group (OMIG) has announced its plans to expand its commercial real estate and agriculture footprints in Africa through a partnership with Nigerian Sovereign Investment Authority (NSIA), Nigeria’s sovereign wealth fund.
Exotix Partners, a global finance and investment firm, has added Nigeria T-bills to its top-5 global picks in frontier markets debt, Africa Global Funds has learned.
Zambia offers a strong policy environment for investors with no exchange control, no capital gains tax and a fairly good legal system protecting property rights, according to Stuart Theobald, Chairman of Intellidex and Imara Contributing Analyst.
The Channel Islands Securities Exchange (CISE) has recently seen more enquiries about Islamic finance products from Africa-based asset managers and is taking steps to capitalize on the renewed interest.
