Morocco’s microfinance sector is stronger today that it was before the crisis, but still has not reached its full potential, according to Joumana Cobein, IFC Country Manager for the Maghreb region.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Government of Niger have signed an agreement to setup a 150bn CFA franc ($253m) sukuk program.
The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Africa Reit to secure a six-acre property located in the Karen-Lang’ata area of Nairobi, Kenya.
Low oil prices, downward pressure on the Nigerian naira, and the delayed presidential election - all raise credit risk and reduce growth opportunities for the country's banks, according to Standard & Poor's Ratings Services.
Economic growth in Africa has outpaced political reform and governments have so far failed to tackle key structural issues, according to Control Risks, a business risk consultancy.
The significant weakening of the rand against major currencies over the past three years has been a big driver of returns for South African investors invested offshore, according to RECM.
Egypt's Qalaa Holdings, formerly Citadel Capital, has finalized its equity capital increase to a total of $1.27bn from $1.05bn.
Euronext has signed a license agreement with the Johannesburg Stock Exchange (JSE) providing the JSE with the right to list the flagship Milling Wheat contract currently traded on Euronext.
The Africa Trade Fund’s technical review committee (AfTra) has approved funding worth more than $1.4m for four projects that will support trade development in Africa.
The Russian Direct Investment Fund (RDIF) and the Egyptian Ministry of Investment have agreed to bolster investment cooperation between the two countries.
Global wind and solar company Mainstream Renewable Power and the global pan-emerging market private equity firm Actis, have jointly launched a $1.9bn pan-African renewable energy generation platform, Lekela Power.
East African countries needs to develop deep, liquid financial markets in order to accelerate and sustain economic growth, according to industry experts.
South African institutions are, on average, lacking significant commitment to alternative assets and private equity investments, with many funds having no exposure at all, according to Old Mutual Alternative Investments.
Insparo Asset Management has broadened the mandate of its current flagship strategy, the Insparo Africa and Middle East Fund, to include the wider frontier markets, and renamed the fund to Insparo Frontier Markets Opportunities Fund.
