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.
In the wake of the recent rebasing of estimates of gross domestic product (GDP) by Ghana and Nigeria, Kenya is now the latest African country to rebase its national accounts data.
Barclays Africa has expanded its exchange traded fund (ETF) offering in Mauritius with the listing of its eRAFI Overall SA Index ETF (eRAFI Overall SA ETF) on the Stock Exchange of Mauritius (SEM).
African growth may exceed 5% in 2015-16, but Ebola, terrorism and other risks pose concern, according to the World Bank’s Africa Pulse analysis of the issues shaping economic prospects in the region.
Regulation has impacted how each and every stakeholder in the financial services industry conducts business, most notably how one stakeholder interacts with another.
The National Treasury of South Africa has issued debut $500m Islamic bond in the international capital markets.
Increased Internet access will generate more consumer spend than any other media product or service in the next five years in the South African entertainment and media industry, according to a report issued by PwC.
The volume of issues of corporate bonds in key Sub-Sahara Africa markets has recently picked up, and appetite among investors for SSA corporate bonds is strong, according to Fusion Group.
As part of its drive to enhance the positioning of Kenya as a premier investment destination, the Capital Markets Authority (CMA) has signed a memorandum of understanding (MOU) with the Chartered Institute for Securities & Investment (CISI) for the introduction of international certification standards in the capital markets industry.
