South African equities are going to be challenged by high volatility and multiples for the remainder of 2016, Peter Brooke, Head of Old Mutual Investment Group’s Macro Solutions boutique, has said.
TriLinc Global Impact Fund has approved an additional $15m in trade finance facilities to companies operating in Sub-Saharan Africa, bringing total financing commitments as of April 30, 2016 to $153.5m.
Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund (EAIF) has appointed Investec Asset Management as its fund manager.
GuarantCo, a local currency guarantee provider, has appointed Cardano Development to be its new fund manager, as it looks to grow its portfolio. GuarantCo is a public/private partnership that helps finance privately-sponsored infrastructure projects in Africa and Asia’s emerging and frontier markets, providing local currency guarantees to local and regional banks so that they can raise medium and long-term debt.
Barclays PLC has sold shares equivalent to a 12.2% stake in South Africa-based Barclays Africa Group, to a number of institutional investors including the Public Investment Corporation, Africa's largest fund manager.
Sub-Saharan Africa is set to experience a second difficult year as the region is hit by multiple shocks, according to the International Monetary Fund (IMF).
RMB Holdings (RMH) will be expanding its investment strategy to include a property investment business, Africa Global Funds has learned.
A higher oil price will help the Nigerian economy, but it is not required to make the Nigerian banks very attractive investments, according to Andrew Lapping, Portfolio Manager at Allan Gray.
With lots of discussions around potential downgrade in South Africa, many investors have doubts whether Banks should be included in portfolios, according to Alwyn van der Merwe, Director of Investments, Sanlam Private Wealth.
Quantum Global Group, an investment firm focusing on Africa, has announced expansion plans across Africa and the new representative office in Dubai to serve as a gateway for regional investors into Africa.
ALUWANI Capital Partners, an independent investment management business in South Africa, is understood to be relaunching its Pan-African ex South Africa fixed income fund under a new platform, according to Mishnah Seth, Head of Frontier Strategies.
The Emerging Africa Infrastructure Fund (EAIF) has participated in the financing of a project to develop and construct a 5.4MW run-of-the-river hydropower project in Uganda.
TriLinc Global Impact Fund has recently approved $16.75m in trade finance transactions in companies operating in Sub-Saharan Africa.
Deutsche Invest | Africa, a €85m Pan-African equity fund, favors South Africa, Kenya and Egypt, according to Sebastian Kahlfeld, Senior Fund Manager at Deutsche Asset Management (Deutsche AM).
