Ashburton Investments has successfully concluded the first close of a green debt initiative comprised of debt arising from infrastructure projects under the South African Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
TriLinc Global Impact Fund has recently approved $16.75m in trade finance transactions in companies operating in Sub-Saharan Africa.
Deutsche Invest | Africa, a €85m Pan-African equity fund, favors South Africa, Kenya and Egypt, according to Sebastian Kahlfeld, Senior Fund Manager at Deutsche Asset Management (Deutsche AM).
The Middle East is becoming a hub for channeling investment into Africa, as its economies continue to expand and develop, according to a recent report by international law firm Hogan Lovells.
Ethiopia may be the second-largest economy in the world after Angola without a stock exchange and there are no plans for one in the coming five years, Charlie Robertson, Global Chief Economist at Renaissance Capital has said.
Old Mutual Investment Group (OMIG) has launched the first MSCI equity ESG index fund in South Africa, the Old Mutual Responsible Investment Equity Index Fund.
Growthpoint, the largest South African primary listed REIT (real estate investment trust), is undertaking two large solar installations on the rooftops of its Northgate Mall and Brooklyn Mall in Johannesburg and Pretoria, each with a capacity of nearly 1,2MWp.
MSCI has announced that it’s considering removing Nigeria from the MSCI Frontier Markets Index given restrictions on currency trading and the resulting deterioration of FX liquidity impacting investors’ ability to repatriate capital.
The International Monetary Fund (IMF) has received a formal request from Angola to initiate discussions on an economic programme that could be supported by financial assistance.
Credit concentration is a systemic issue in South Africa, affecting most or all variable rate money market funds, as well as other fixed income funds which are essentially cash strategies, according to Global Credit Ratings (GCR).
Neptune, a UK-based fund management company, has announced that it will merge its £9.6m ($13.7m) Neptune Africa Fund into the £7m ($9.99m) Neptune Emerging Markets Fund on April 29, 2016.
The South African stock market has performed poorly since early 2015, but this has been concealed by the performance of Naspers and SABMiller, according to Geoff Blount, Managing Director of BayHill Capital.
Growth in property development is likely to continue in many African markets if appropriate funding structures are used to manage some of the current hurdles, Africa Global Funds has learned.
BlackRock has received regulatory approval to offer a range of offshore funds to South African investors, including asset managers, retirement funds and insurance companies, as well as financial advisors.
