The African continent loses over $50bn dollars each year as a result of the illicit flow of funds, former president of South Africa Thabo Mbeki has said.
The new Pension and Provident Fund Act that is currently in draft form is set to reshape the Zimbabwean retirement industry, according to RisCura.
Botswana and Namibia will be included in the AfDB/ AFMI Bloomberg African Bond Index (ABABI) in October 2015, the African Development Bank has announced.
The Johannesburg Stock Exchange (JSE), the continent's largest exchange, has launched JSE Eris Interest Rate Swap (IRS) Futures, based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand.
The AfDB-managed Africa Climate Change Fund (ACCF) has approved over $800,000 in funding to support Mali with preparatory funding to advance its low-carbon, climate resilient development agenda, and to strengthen data and information on climate change vulnerabilities and opportunities for 54 African countries.
The recent happenings in China – the yuan devaluation, weak manufacturing Purchasing Managers’ Index figures, stock market turmoil, and interest rate cuts – will have a notable impact on Sub-Saharan African countries, according to NKC African Economics.
The Nigerian Stock Exchange has launched a new listing platform - the Premium Board and the associated Premium Board Index, keeping with its commitment to promoting Africa’s biggest companies.
Business Partners (BUSINESS/PARTNERS) has launched a R250m ($19.36m) Women in Business Fund, aimed at increasing access to finance for female entrepreneurs in South Africa.
Discussions are currently underway between market participants in Nigeria, Kenya and South Africa to launch the cross listing of Exchange Traded Funds (ETFs), a move afoot that will lead to improved liquidity on Africa’s exchanges.
HSBC Global Asset Management has enhanced its range of multi-asset products with the introduction of its first cross border global multi-asset income fund.
Pan-African investment holding company Kagiso Tiso Holdings (KTH) has completed the issuance of R800m ($67.72m) senior unsecured floating rate notes under its existing Domestic Medium Term Note (DMTN) programme.
Barclays has partnered with the Bureau for Economic Research at Stellenbosch University in support of South Africa’s monthly manufacturing Purchasing Managers’ Index (PMI), a leading economic indicator.
South Africa remains exposed ahead of the next round of capital flow volatility associated with shifts in the US Federal Reserve policy, according to Novare Investments.
Traditional asset management, particularly the mutual fund industry, will grow at a compound annual growth rate (CAGR) of nearly 9.6% in 12 markets across Africa by 2020, according to a research from PwC.
