National Bank of Canada (NBC), the sixth largest bank in Canada, has acquired 9.5% stake in AfrAsia Bank - its first investment deal in Africa.
The introduction of the AIFMD has increased the attractiveness of European onshore domiciles for non-EU managers, according to a report published by the Association of the Luxembourg Fund Industry (ALFI), carried out by Oliver Wyman.
Asset managers, pension funds, banks and insurers expect to be spending more on tax and regulatory-related change in 2015 and for some years beyond, according to a new poll by BNY Mellon.
S&P; Dow Jones Indices has expanded its factor-based indices in South Africa with the launch of the S&P; GIVI South Africa Indices.
Pan Africa Asset Management (PAAM), an investment management arm of the Pan Africa Holdings Group, one of the largest and longest-established financial services groups in Kenya, has received approval by the Capital Markets Authority (CMA) to register the Pan Africa Unit Trust Scheme as a collective investment scheme.
Old Mutual Emerging Markets (OMEM) will be moving its Johannesburg Head Office from its existing property, Mutual Square on Grayston Drive, to a planned new building in the heart of Sandton.
The Johannesburg Stock Exchange (JSE) has successfully completed the second phase of the T+3 project, which will result in the local equities market moving from the current T+5 settlement cycle to a shorter, three day settlement cycle.
Castlepines Global Equity, an international equity fund that invests its own and partner equity in major infrastructure assets for secure, long-term yields, will be the leading investor in Tunisia Economic City.
PIMCO has amended and restated its non-fundamental policy for ten closed-end funds with respect to investments in securities and instruments economically tied to emerging market countries including South Africa.
EIIB-Rasmala, a London-listed asset management and financing group, has fully acquired Rasmala Egypt Asset Management S.A.E (REAM), increasing its shareholding from 51% to 100%.
Africa has the opportunity to quadruple living standards by 2040, but to do so it will need to find $11.4trln in extra investment over that period, according to the Capital Economics’s report commissioned by Jersey Finance.
Governments and companies in Africa are on course to continue the trend of growing debt issuance this year, according to Standard Bank. Standard Bank, Africa’s biggest lender by assets, tracked that companies on the continent have issued $4.35bn of corporate debt this year, while governments have issued $10.6bn.
STANLIB, and its holding company, Liberty Holdings, have acquired 100% shareholding in Stanbic Investment Management Services (SIMS) Ghana.
A sharp increase in lending to sub-Saharan African countries could leave many with crippling debts over the next decade, a new report by the Jubilee Debt Campaign has warned.
