09/22/2016
Morocco's Credit Agricole gets government approval for Islamic bank
The two partners will inject 200 million dirhams of capital into the offshoot before doubling it to 400 million later.
Alternative Investments
09/20/2016
Qatar’s Aventicum CM to open its AQS MENA Fund to wider international investor base
Aventicum says its investment strategy seeks to capitalise on the inherent value in MENA markets to deliver long-term value creation across multiple market cycles.
09/19/2016
Marriot Int’l takes off in Nigeria with Renaissance Hotel
The hotel also boasts of eight conference rooms of different capacities ranging from 10 to 500 comfortable seats.
09/19/2016
Africa investment heats up as pension funds stay local
U.S. and European pension funds have been allocating to Africa private equity for the last few years, but this also has grown.
09/19/2016
South African wine reaches all time high at auction
This was in spite of a slightly lower volume on offer of 4% from the 2015 auction.
09/18/2016
AfDB launches three-year $1b Global benchmark
The mandate for a new $1 billion “no-grow” three-year benchmark was announced in London last Tuesday
09/16/2016
Zimbabwe to issue $75 million in bond notes
The notes will first be introduced with $1 and $5 denominations.
09/16/2016
Benefits from collaboration with alternate lenders
The benefits of banks working with independent lending companies may far outweigh the risks.
09/15/2016
Stanbic Uganda loan oversubscribed in Dubai
The loan facility pays 275 basis points margin over London Interbank Offered Rate.
09/13/2016
Bob Diamond's Atlas Merchant Capital searching for a new partner in Barclays Africa bid
It was yesterday revealed that private equity giant Carlyle had walked away from its consortium with Atlas in April this year.
09/12/2016
SEM launches the SEM All Share Index
The SEM-ASI will include the current constituents of SEMDEX but will also be comprised of foreign-currency denominated (USD, EURO, GBP and ZAR), GBC 1 and international companies.
09/12/2016
The Stock Exchange of Mauritius will be launching two new indices
The SEM-ASI will include the current constituents of SEMDEX but will also be comprised of foreign-currency denominated (USD, EURO, GBP and ZAR), GBC 1 and international companies.
09/09/2016
The rise of renminbi across Africa
Is renminbi rising across the continent?
09/09/2016
Abax Investments Cuts Lending to South African State Companies
Futuregrowth Asset Management, Africa’s biggest specialist fixed-income money manager, said Aug. 31 it stopped lending money to six of South Africa’s largest state companies because of governance concerns.
09/08/2016
Meet the Investor: Jim Villanueva, Global Partnerships
The fund was created to address the “pioneer gap”, by capitalising and supporting social enterprises in the earliest stages of development.
09/08/2016
FirstRand weathers headwinds and ‘heavy’ investment in its future
The group, which owns FNB, RMB and WesBank, said basic headline earnings per share were up 5% to 399.2c.
09/08/2016
Attijariwafa records 7.9 per cent profit boost in H1 2016
The board of directors for Attijariwafa Bank convened on 6 September 2016 to review the bank’s performance in the first half of 2016.
09/06/2016
Stock market integration and Islamic finance advance together
He stresses that capital markets in Africa urgently need rationalisation and to move towards greater regional integration.
09/05/2016
Waha Capital looks at MEA assets with war chest
Waha Capital recently completed the refinancing of a US$500 million upsized five-year credit facility, which will help to fuel growth for the company.
09/05/2016
Transformation concern costs Futuregrowth investment from Eskom’s pension fund
The Eskom Pension and Provident Fund, which manages more than R130-billion for Eskom staff and pensioners.