African sukuk can provide diversification benefits for Islamic investors as well as additional financing opportunities, Samira Mensah, S&P Global Ratings Credit Analyst, has said.
Futuregrowth, Old Mutual’s Fixed Income asset management boutique, has announced a decision to suspend any additional loans to certain State-Owned Enterprises (SOEs) in South Africa until they obtain further clarity and comfort around the governance and oversight of these SOEs.
The Bourse Regionale des Valeurs Mobilieres (BRVM) is aiming to have a dedicated mining platform in place by 2018, according to General Manager Edoh Kossi Amenounve.
Liberty Holdings has announced its intention to list a portion of its premium property portfolio on the main board of the JSE as a Real Estate Investment Trust (REIT) towards the end of 2016.
The acquisition of Prescient’s financial services (PFH) operations by Stellar Capital, a JSE listed investment holding company with a reported net asset value of R1.42bn, is expected to complete by the end of this year.
African commercial property funds are increasingly running into US dollar-driven volatility and liquidity challenges as local currency earnings devalue against US dollar-denominated debt, according to Standard Bank.
Exotix Partners, a global finance and investment firm, has added Nigeria T-bills to its top-5 global picks in frontier markets debt, Africa Global Funds has learned.
Zambia offers a strong policy environment for investors with no exchange control, no capital gains tax and a fairly good legal system protecting property rights, according to Stuart Theobald, Chairman of Intellidex and Imara Contributing Analyst.
The Channel Islands Securities Exchange (CISE) has recently seen more enquiries about Islamic finance products from Africa-based asset managers and is taking steps to capitalize on the renewed interest.
FTSE Russell, a global index and data provider wholly owned by London Stock Exchange Group, has recently launched its new FTSE NSX Index Series, designed to represent the performance of Namibian companies.
ALTX Africa Group, an investment holding company incorporated in Mauritius, has launched a new financial exchange in Uganda, the first in a series of steps to establish the network of exchanges in Africa.
In a low return or a volatile market environment in South Africa, hedge funds offer the best hope for positive returns, according to Geoff Blount, Managing Director of BayHill Capital.
The UK’s decision to leave the EU (Brexit) brings long-lasting political and economic consequences and is rather inopportune for African economies, however asset managers and investors alike should focus on their long-term strategies.
STANLIB, a Johannesburg based asset manager, has consolidated its equity products and mandates into a single Equity franchise, to enhance its specialist South African Equity franchise. Herman van Velze, who is currently Head of Investments and co-manages the Multi Asset Franchise, will contnue to be the Head of Investments and lead this Equity franchise from October 2016.
