The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Africa Reit to secure a six-acre property located in the Karen-Lang’ata area of Nairobi, Kenya.
Low oil prices, downward pressure on the Nigerian naira, and the delayed presidential election - all raise credit risk and reduce growth opportunities for the country's banks, according to Standard & Poor's Ratings Services.
The significant weakening of the rand against major currencies over the past three years has been a big driver of returns for South African investors invested offshore, according to RECM.
Economic growth in Africa has outpaced political reform and governments have so far failed to tackle key structural issues, according to Control Risks, a business risk consultancy.
Egypt's Qalaa Holdings, formerly Citadel Capital, has finalized its equity capital increase to a total of $1.27bn from $1.05bn.
The Russian Direct Investment Fund (RDIF) and the Egyptian Ministry of Investment have agreed to bolster investment cooperation between the two countries.
The Africa Trade Fund’s technical review committee (AfTra) has approved funding worth more than $1.4m for four projects that will support trade development in Africa.
Euronext has signed a license agreement with the Johannesburg Stock Exchange (JSE) providing the JSE with the right to list the flagship Milling Wheat contract currently traded on Euronext.
Global wind and solar company Mainstream Renewable Power and the global pan-emerging market private equity firm Actis, have jointly launched a $1.9bn pan-African renewable energy generation platform, Lekela Power.
East African countries needs to develop deep, liquid financial markets in order to accelerate and sustain economic growth, according to industry experts.
South African institutions are, on average, lacking significant commitment to alternative assets and private equity investments, with many funds having no exposure at all, according to Old Mutual Alternative Investments.
Insparo Asset Management has broadened the mandate of its current flagship strategy, the Insparo Africa and Middle East Fund, to include the wider frontier markets, and renamed the fund to Insparo Frontier Markets Opportunities Fund.
The South African hedge fund industry has enjoyed consistent steady growth of around R10bn ($0.84bn) a year over the past three years, according to the Association for Savings and Investment South Africa (ASISA).
The prospects for mining in Africa remains essentially intact over the medium term, according to Standard Bank, Africa’s biggest lender by assets.
