The African Development Bank Group’s Country Report 2024 forecasts vigorous economic activity for Madagascar, with expected growth of 4.5% in 2024, climbing to 5.3% in 2025. Growth on the Grande Île was 4.4% in 2023, compared with 4.3% in 2022.
Impact Investors Foundation (IIF) has appointed Kuramo Capital Management as the fund manager for a $1bn Nigeria Wholesale Impact Investment Fund (WIIF).
The Fonds Commun de Titrisation de Créances (FCTC) Sonatel bond - backed by the EAIF and IFC as anchor investors - has listed on the Bourse Régionale des Valeurs Mobilières (BRVM), the West African Economic and Monetary Union’s (WAEMU) regional stock exchange.
In view of the persisting adverse market conditions, the limited stock market liquidity, and the uncertain prospect of achieving positive long-term risk-adjusted returns in the markets within the fund's universe, the Board of Directors of the Bellevue SICAV Funds has decided to terminate Bellevue African Opportunities Fund.
Insolvencies in South Africa have reached a record low, dropping by 13% year on year in 2023, according to the Global Insolvency Report report by Allianz Trade.
Fixed-income investors are more likely than equity investors to view environmental, social and governance (ESG) criteria as an important factor in their investment decisions, according to Coalition Greenwich.
Global investment manager PortfolioMetrix has announced that it will list an actively managed exchange-traded income fund, the PortfolioMetrix Active Income Prescient AMETF, on the JSE on January 31.
In 2024, Africa's overall growth is forecasted at 4.0%, a notable increase from 3.3% in 2023, positioning it as the second-highest globally, trailing only Asia (4.8%), according to Stears 2024 African Outlook Report.
AFEX has launched Africa Exchange, a digital platform for trading commodities, transforming the commodities space in Africa by enabling commodities market players to meet and interact both in the physical and financial markets.
Afreximbank, a Pan-African multilateral financial institution, has announced the first-ever multi-border $10m transit bond, issued in favour of Innovate General Insurance (IGI) of Zambia.
Kenya has a wide range of sectors with ready-to-be accessed investment opportunities, according to panelists of the Kenya Investment Summit at the AFSIC - Investing in Africa 2023.
There has been continued progress in developing financial markets across Africa in the past year, with many AFMI countries taking steps to bolster their financial resilience, according to the Absa Africa Financial Markets Index 2023.
Valu, MENA’s universal financial technology powerhouse, has closed its sixth securitized bond issuance.
The African Securities Exchanges Association (ASEA) has signed a memorandum of understanding with SecondSTAX, a technology company that is building solutions to enhance intra-Africa capital and investment flows, to support the success of the African Exchanges Linkage Project (AELP), which aims to integrate all exchanges across the continent and to facilitate seamless cross-border trading of securities.
