PIMCO has amended and restated its non-fundamental policy for ten closed-end funds with respect to investments in securities and instruments economically tied to emerging market countries including South Africa.
EIIB-Rasmala, a London-listed asset management and financing group, has fully acquired Rasmala Egypt Asset Management S.A.E (REAM), increasing its shareholding from 51% to 100%.
Africa has the opportunity to quadruple living standards by 2040, but to do so it will need to find $11.4trln in extra investment over that period, according to the Capital Economics’s report commissioned by Jersey Finance.
Governments and companies in Africa are on course to continue the trend of growing debt issuance this year, according to Standard Bank. Standard Bank, Africa’s biggest lender by assets, tracked that companies on the continent have issued $4.35bn of corporate debt this year, while governments have issued $10.6bn.
STANLIB, and its holding company, Liberty Holdings, have acquired 100% shareholding in Stanbic Investment Management Services (SIMS) Ghana.
Business Partners, a specialist risk finance company for formal small and medium enterprises (SMEs), has launched a R300m ($27m) manufacturing fund, which aims to assist SMEs that operate within the manufacturing sector.
Old Mutual Global Investors has collaborated with its colleagues, Old Mutual Investment Group in South Africa, to launch the Old Mutual Pan African Fund for a global client base.
A sharp increase in lending to sub-Saharan African countries could leave many with crippling debts over the next decade, a new report by the Jubilee Debt Campaign has warned.
In the wake of the recent rebasing of estimates of gross domestic product (GDP) by Ghana and Nigeria, Kenya is now the latest African country to rebase its national accounts data.
The African Development Bank, the African Union Commission (AUC) and the Economic Commission for Africa (ECA), have launched the Clim-Dev Special Fund (CDSF), a multi-donor fund, which aims to address the challenges associated with climate data and information.
Barclays Africa has expanded its exchange traded fund (ETF) offering in Mauritius with the listing of its eRAFI Overall SA Index ETF (eRAFI Overall SA ETF) on the Stock Exchange of Mauritius (SEM).
African growth may exceed 5% in 2015-16, but Ebola, terrorism and other risks pose concern, according to the World Bank’s Africa Pulse analysis of the issues shaping economic prospects in the region.
Regulation has impacted how each and every stakeholder in the financial services industry conducts business, most notably how one stakeholder interacts with another.
The German development Agency KfW and the Dutch catholic development organization Cordaid have jointly launched FPM SA, a refinancing vehicle targeting microfinance institutions and MSME banks in the Democratic Republic of Congo (DRC).
