03/15/2020
SANNE Connect Issue 20: Africa Edition
Welcome to the latest special edition of SANNE Connect, our dedicated technical bulletin.
Alternative Investments
03/13/2020
Great benefits when Africa becomes a single market
The African Development Bank has forecast that elimination of bilateral tariffs on goods and services would increase intra-African trade by 15 per cent.
03/13/2020
Kenya Re targets Egypt with Sharia-compliant subsidiary
The State-controlled reinsurer says last year’s decision to issue an additional 2.099 billion bonus shares saw its capital base quadruple from Ksh1.75 billion ($17.5 million) to Ksh6.99 billion ($69.9 million).
03/12/2020
Africa’s Richest Man to Add Oil to Expanding Business Empire
Expects to start producing about 20, 000 barrels a day by July
03/12/2020
Standard Bank funding model helps Growthpoint Investec African Properties expansion
The Bank said discussions started in the early part of 2019 and it was able to structure and implement the deal in line with the transaction closing milestone.
03/11/2020
Centum Investment’s Midas touch
The group’s half-year profit surged to $67.9m last year, up from $20.7m in a similar period the year before, primarily driven by the sale of Centum’s shares in three beverage firms.
03/03/2020
Impact investing could transform enterprise
A larger percentage of these funds are designed for SGBs as impact investment funds.
03/03/2020
Standard Chartered Introduces Online Fixed Income On SC Mobile
The Fixed Income trading platform on the SC Mobile app includes simplified Client Investment Profiling, sale and purchase of treasury bills at any given point in time.
03/03/2020
IFC Invests $200 Million in Standard Bank of South Africa’s Green Bond Issuance
Commercial banks currently provide 45 percent of South Africa’s financing for renewable energy and energy-efficient projects.
03/02/2020
Jersey’s LGL Group to partner with Associated Consultants Limited in Mauritius
This acquisition will add further quality and scale to our existing business whilst also deepening our jurisdictional service offering to Mauritius.
03/02/2020
Nigeria increases Sovereign Wealth Fund capital by $250m
With the additional $250 million investment in the Fund, this means that the total capital should be around $2.10 billion.
03/02/2020
NSE hits 16-year low as blue chip stocks plunge over coronavirus fears
Analysts have argued that the sell-off is part of a global trend as investors dump stocks and seek shelter in fixed income assets including government bonds.
03/02/2020
Openfunds partners with CHF 1.3bn African boutique
The company was founded in 2008 by CEO Jean Craven and CIO Prieur de Plessis, who have backgrounds in structured trade and commodity finance in South Africa.
02/27/2020
South Africa to Establish $2 Billion Sovereign Wealth Fund
Funding sources to include sale of spectrum, mining royalties
02/27/2020
Morningstar Awards highlight a changing industry
Three big themes are playing out in the South Africa’s unit trust market.
02/27/2020
Provident fund members set to buy pensions from 2021
Costs on these products can be high for people with small amounts to invest.
02/24/2020
Common currency? Well, region must first build trust and grow investment
The euro resulted in greater financial integration and provided a boost to intra-European trade, the highest in the world.
02/18/2020
Africa and Middle East to invest $15B by 2023 in blockchain, AI: Report
Blockchain has become an area of interest for most governments in this region, with many seeking to incorporate it into their digital transformation initiatives.
02/17/2020
The human cost of South Africa's unsecured lending explosion
South Africa's unsecured lending industry exploded into existence after the promulgation of the National Credit Act in 2007
02/14/2020
Access Bank to Cross List N15 Billion Green Bond on Luxembourg Bourse
At the time of listing on the local bourse, the unsecured green bond was described as the first-ever climate bond standard certified corporate green bond to be issued in Africa.