The Johannesburg Stock Exchange (JSE), the continent's largest exchange, has launched JSE Eris Interest Rate Swap (IRS) Futures, based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand.
The AfDB-managed Africa Climate Change Fund (ACCF) has approved over $800,000 in funding to support Mali with preparatory funding to advance its low-carbon, climate resilient development agenda, and to strengthen data and information on climate change vulnerabilities and opportunities for 54 African countries.
The recent happenings in China – the yuan devaluation, weak manufacturing Purchasing Managers’ Index figures, stock market turmoil, and interest rate cuts – will have a notable impact on Sub-Saharan African countries, according to NKC African Economics.
The Nigerian Stock Exchange has launched a new listing platform - the Premium Board and the associated Premium Board Index, keeping with its commitment to promoting Africa’s biggest companies.
Discussions are currently underway between market participants in Nigeria, Kenya and South Africa to launch the cross listing of Exchange Traded Funds (ETFs), a move afoot that will lead to improved liquidity on Africa’s exchanges.
Pan-African investment holding company Kagiso Tiso Holdings (KTH) has completed the issuance of R800m ($67.72m) senior unsecured floating rate notes under its existing Domestic Medium Term Note (DMTN) programme.
Barclays has partnered with the Bureau for Economic Research at Stellenbosch University in support of South Africa’s monthly manufacturing Purchasing Managers’ Index (PMI), a leading economic indicator.
South Africa remains exposed ahead of the next round of capital flow volatility associated with shifts in the US Federal Reserve policy, according to Novare Investments.
Traditional asset management, particularly the mutual fund industry, will grow at a compound annual growth rate (CAGR) of nearly 9.6% in 12 markets across Africa by 2020, according to a research from PwC.
By the end of 2016, West Africa should have a new virtual stock exchange integrating no fewer than 12 countries into one joined-up market place with one single order book for the whole region.
Many fund managers based outside the EU (42%) do not plan to raise capital from European investors in the near future, with 59% of this group avoiding the region due to concerns about the AIFMD, according to Preqin.
African debt remains attractive, even though many investors are sitting on the sidelines and waiting for clarity in light of the current global uncertainty, according to Standard Bank.
Botswana’s Choppies is well positioned to benefit from the growth of the formal retail segment in much of Africa, according to Peter C. Thoms, Founder & Portfolio Manager at Africa Capital Group.
South Africa’s newest majority black-owned and controlled asset management business with R62bn ($5bn) AUM, in which MMI Holdings will be a shareholder, is set to commence operations in October 2015, according to CEO Designate Sibusiso Mabuza.
