The Republic of Senegal, through the Société Nationale de Gestion et d’Exploitation du Patrimoine Bâti de l’État (SOGEPA SN), has sold XOF 330bn (around $525.4m) in three-tranche Sukuk Ijarah, attracting orders from regional and Middle Eastern investors.
Markets & Industry News
The Investment Analysts Society has partnered with the Profile Group to create an investment portal that allows access to more market data and increases the network for IAS members.
Nigerian Exchange has launched West Africa’s first Exchange Traded Derivatives (ETD) Market, consistent with the Exchange’s commitment to develop the Nigerian capital market.
ESG integration is the leading investing for impact (IFI) strategy in Southern Africa and East Africa, attracting more than $320bn and $6.7bn in assets, respectively, according to the sixth edition of the African Investing for Impact Barometer (AIFIB).
The government of Cabo Verde has launched an AfDB-funded project to propel the development of capital markets in the country.
AFEX, Nigeria’s commodities market player and the country's first private sector commodities exchange, has reopened its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help stabilize Nigeria's agriculture sector.
The Private Infrastructure Development Group (PIDG), through its technical assistance (TA) offering, has announced it is supporting capital market reform studies, capacity building and documentation standardisation for bond issues in the West African Monetary Union (WAMU) region.
AFEX, Nigeria’s commodities market player, has announced a new $100m 10-year bond called The Food Security Fund (FSF).
Gaia Fund Managers, Fibonacci Managers and Kruger International Asset & Wealth Management, have announced the listing of South Africa’s first specialist real estate investment trust (REIT), investing in fibre optic network infrastructure on the Cape Town Stock Exchange (CTSE, formerly 4AX).
The Financial Action Task Force (FATF) has removed Mauritius from its grey list of countries under increased monitoring.
Credit Suisse Group has agreed to pay nearly $475m to US and UK authorities, including nearly $100m to the Securities and Exchange Commission (SEC), for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.
Sanlam and Absa have agreed to combine their investment management businesses in a transaction which will result in an asset management company with assets under management, administration and advice in excess of R1trn.
Emergence Plaza, the owner of Côte d’Ivoire’s most visited retail complex Cosmos Yopougon, has issued the 8-year notes at a yield of 7.5%.
Prudential has attained a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) rating. This follows its latest Financial Sector Council scorecard audit that was finalised in July 2021, based on its FY2020 financial results.