Old Mutual has acquired a 23.3% stake in UAP Holdings, an East and Central African financial services company with a presence in six countries, for KES 8.88 bn ($97.6m).
Standard Chartered has announced the closure of its institutional cash equities, equity research and equity capital markets (ECM) activities, as the banking group continues to exit or reconfigure non-core and underperforming businesses.
TriLinc Global Impact Fund has recently approved around $3m in trade finance transactions to companies in South Africa and Zambia.
Whilst equities were in the red in 2014, it was a strong year for Africa bond indices, according to Tim Edwards, Senior Director, Index Investment Strategy at S&P; Dow Jones Indices.
GEMfonds, a UK-based investment management company, has revealed it plans to launch a $500m Nigeria-focused infrastructure fund in June 2015, alongside Sigrun, a Madrid-based investment banking firm, and The Infrastructure Bank (TIB), a partly Nigeria’s government-owned dedicated infrastructure bank.
The Executive Secretary of the Economic Commission for Africa, Carlos Lopes has called on the international community to consider debt cancellation for Ebola-affected countries as this would create the right conditions for recovery in their post-crisis phase.
Eczellon Capital, an investment bank operating in the Nigerian and other West African markets, has launched a West Africa-focused private equity fund with a target size of $250m.
Africa is a very significant region for the depositary receipt market, according to Anthony Moro, Head of EMEA at BNY Mellon's Depositary Receipts business.
Imara Holdings has announced the planned sale of one of its subsidiaries, the stockbroker Imara S.P. Reid (ISPR), to MMI Strategic Investments (MMI) for a maximum of R120m ($10.28m).
The Egyptian Exchange (EGX) has continued its efforts to attract new companies to list on the Egyptian main market or in NILEX market for small and medium companies.
National Bank of Canada (NBC), the sixth largest bank in Canada, has acquired 9.5% stake in AfrAsia Bank - its first investment deal in Africa.
Asset managers, pension funds, banks and insurers expect to be spending more on tax and regulatory-related change in 2015 and for some years beyond, according to a new poll by BNY Mellon.
The introduction of the AIFMD has increased the attractiveness of European onshore domiciles for non-EU managers, according to a report published by the Association of the Luxembourg Fund Industry (ALFI), carried out by Oliver Wyman.
S&P; Dow Jones Indices has expanded its factor-based indices in South Africa with the launch of the S&P; GIVI South Africa Indices.
