Ghana's `Forgotten' Stock Market Beats World as Trading Flags Oct 31, 2008
Ghana missed out on the initial Africa bull run and is now playing catch-up,'' said Cape Town-based Roelof Horne, who helps manage $1 billion in Investec's Africa Fund and Pan-Africa Fund. Stock-market development in the country of 22. (Ghana Web, Ghana)
AfDB Group Approves U.S.$ 293 Million for Infrastructure Development and Poverty Reduction Oct 24, 2008
4 million to Tunisia, Mozambique and Third Emerging Capital Partners Africa Fund (EAF 3) to boost infrastructure development and poverty reduction on the continent ... Finally, the Board approved a US$ 50 million equity investment in the Third Emerging Africa Fund (EAF 3), a pan-African private equity fund managed by Emerging Capital Partners which is targeting a capitalization of over US$ 1 billion for the financing of infrastructure projects across the continent. (allAfrica.com)
Sparkling future? Oct 22, 2008
Davinder SikandAureos Africa Fund. Davinder Sikand, managing partner for the Aureos Africa Fund, which has $400m (236m) invested in the continent, says that Africa's banks have been so conservatively managed that they have almost no exposure to the sub-prime market that has caused such havoc elsewhere in the world. (BBC News)
India goes uranium hunting Oct 18, 2008
KOLKATA: The ink is yet to dry on the Indo-US nuke deal, but the UPA government has already started scouting for uranium mining assets abroad. The first place being explored is Namibia, which caters to 6-8% of the world's uranium oxide requirement. (India Times)
HSBC Asset Management plans frontier markets fund Sep 12, 2008
LONDON (Thomson IM) - HSBC Global Asset Management said on Thursday it will launch a Middle East and North Africa fund next month as part of its plans to expand its capabilities in frontier markets ... The HSBC GIF Middle East and North Africa Fund will be managed by Andrea Nannini and his team at Halbis, the active management arm of HSBC Global Asset Management. (guardian.co.uk)
DSE regulator is earmarked for coveted New York award Aug 14, 2008
The categories include most innovative African stock exchange, best performing broker in Africa, best Africa fund manager, and best African IPO.. Commenting on the awards, Mr Hubert Danso, vice chairman of Africa Investor, said the awards ceremony coincides with the annual Africa Investor Index Series Summit, held in association with NYSE and Euronext at the New York Stock Exchange. (The Citizen Daily)
Coal Miners Hotter Jul 26, 2008
Launching Pad Van Eck's Market Vectors Africa fund () began trading. The fund tracks the Dow Jones Africa Titans 50 index. (SmartMoney)
On the Rebound Jul 19, 2008
Financial ETFs End Week in the Black (Microsoft, Google, Merrill Lynch, Citigroup, IBM, Freddie Mac, Fannie Mae, Wells Fargo, SPDR Select Financials, iShares Dow Jones U.S. Financial Services, SPDR Sbuilders, Market Vectors Coal, United States Gasoline, United States Oil, Wachovia, Washington Mutual, DuPont, Caterpillar, UPS DuPont, UnitedHealth) at SmartMoney. Saturday July 19, 2008 9:33 AM ET. (SmartMoney)
'Hard Times Ahead' for Ghana Jun 19, 2008
Thabo Ncalo, Africa Fund investment analyst for Stanlib, and Citigroup both believed Ghana was the best performing market in Africa last year. "There is an increase in investor appetite from the foreign investment community in Ghana, but lack of liquidity in the Ghana Stock Exchange (GSE) remains an obstacle in investing in the GSE," said Cowan. (Ghana Web, Ghana)
The New Emerging Markets Jun 19, 2008
For Investors, New Emerging Markets (SmartMoney Magazine) at SmartMoney (SmartMoney)
Seeking $100M to invest in Africa May 13, 2008
Mpare raising $100 million for Africa fund - Triangle Business Journal ... Mpare raising $100 million for Africa fund. (Raleigh Triangle Business Journal, NC)
Mpare raising $100 million for Africa fund May 13, 2008
Members: Not Registered. for free extra services. (Raleigh Triangle Business Journal, NC)
Even bond funds take a dive Apr 7, 2008
Likewise, Fidelity plans to launch an Emerging Europe, Middle East and Africa fund, says FundAlarm. Merrill Lynch has created the Frontier Index, which tracks 17 tiny markets, ranging from Cypress to Kazakhstan, though there are no funds that track the index yet. (USA Today -- Money)
UK fund manager ties up with Tata for India equity fund Apr 6, 2008
The India fund will be New Star's second foray into global emerging markets following the launch of its Heart of Africa fund last November. "Tata Asset Management's investment expertise in India is second to none. Its competitive advantage, combined with New Star's expertise in the UK, makes for a compelling investment proposition in what is one of the world's most exciting growth markets," said New Star's chairman and founder John Duffield. (India Times)
Analysis: Foreign investors cautiously eye Zimbabwe with new interest Apr 4, 2008
With Kenya's debacle fresh in the mind, one Africa fund said it was refusing to comment on Zimbabwe, while another major bank said it would not talk for fears over staff safety. "It's not a place we will rush to take a look at," said Aberdeen Asset Management emerging equities fund manager Andrew Brown. (Business Report, South Africa)
Private equity eyes Africa telcos, financials Mar 29, 2008
ECP's management team span out of emerging market private equity firm EMP Global in 2005, retaining the $407 million AIG African Infrastructure Fund and going on to close the EMP Africa Fund II in December 2006 with a total of $523 million. It also manages four smaller more national or sub-regional funds. (EETimes)
Conflict zones sometimes mean investment opportunities Mar 1, 2008
Jamie Allsopp, the manager of New Star Heart of Africa fund, has made significant investments in Kenya and Nigeria, two markets with which he feels comfortable despite their recent troubles. Multimedia. (International Herald Tribune -- Business)
Obituaries (2) Feb 17, 2008
In lieu of flowers, memorials may be made to Burnsville Recreation and Learning Center, 1961 Wightman Church Rd., Polkton, NC 28135, Wightman United Methodist Church, Yvonne s Africa Fund, c/o Sarah Hyatt, 2889 Cedar Grove Church Rd., Polkton, NC 28135, or to First United Methodist Church Bereavement Fund, P.O. Box 582, Easley, SC 29641. The arrangements are in care of Leavitt Funeral Home in Wadesboro. (Anson Record, NC)
Exchange TradedFunds Feb 1, 2008
Investor's Business Daily: South Africa ETF Dims With Electricity Outlook. South Africa ETF Dims With Electricity Outlook. (Investors Business Daily)
They're Down, But Not All Out: Some Flippers Are Hanging On Feb 1, 2008
Investor's Business Daily: South Africa ETF Dims With Electricity Outlook. EXCHANGE TRADEDFUNDS. (Investors Business Daily)
* World Business Quick Take Jan 17, 2008
PRC sets up Africa fund. A Beijing-backed equity fund that aims to boost Sino-African ties has signed a first batch of investment deals worth more than US$90 million, the China Securities Journal said yesterday. (Taipei Times, Taiwan -- World)
African Stock Safari Dec 18, 2007
A good place to start: mutual funds with holdings in Africa, like the Orbis Africa Equity Fund or Investec's Pan Africa Fund. There are also African companies that issue American depositary receipts (ADRs), which means they are traded on American exchanges like the New York Stock Exchange. (Forbes)
Allen gives on-air mea culpa after meeting with Sikh and Muslim leaders Sep 28, 2007
The previous evening, Mr. Allen met with about a dozen prominent Sikhs and two representatives of the Muslim community at a private gathering organized by high-flying entrepreneur and restaurateur David Siddo, who recently donated $1-million to former U.S. president Bill Clinton's Africa fund. "He had to face some tough questions. He was put on the hot seat," said Barinder Sall, who attended the meeting. (Globe and Mail -- National)
Charlemagne Capital says to launch Magna Africa Fund sterling share class Sep 12, 2007
LONDON (Thomson Financial) - Charlemagne Capital Ltd said its Magna Africa Fund will issue sterling denominated B Class shares from Sept 24, in response to demand from UK retail investors. The B shares give UK retail investors the opportunity to buy shares in Charlemagne's daily dealing Africa-focused fund in a tax-efficient manner for the first time, the company said. (Forbes -- Markets)
No Easy Victories: Pre-Publication Announcement Aug 7, 2007
She served as research director for the American Committee on Africa/The Africa Fund, as managing editor of "Christianity and Crisis," and as executive director of Grassroots International. Charles Cobb Jr., senior correspondent for allAfrica. (allAfrica.com)
Helvetica fund ventures into untapped African opportunities Jul 13, 2007
Allsopp said: "It would most likely be a sub-Sahara excluding South Africa fund.". However, the Helvetica fund will focus on 10 countries across Africa. (Reuters.uk)
The Chinese dollar hoard thunders forward Jul 12, 2007
At a Darfur conference in Paris the same week the Africa fund was launched, the Chinese envoy argued against imposing sanctions on Sudan for its genocide. Washington needs to shore up its own economic defenses in case Beijing turns its attention again to buying strategic assets in the United States. (Asia Times Online)
China to launch $1bn Africa fund Jun 27, 2007
----------------- ----------------- RELATED BBC SITES. Last Updated: Tuesday, 26 June 2007, 13:08 GMT 14:08 UK. (BBC News -- Africa)
China Launches $1B Africa Fund Jun 26, 2007
By JOE McDONALD AP Business Writer. BEIJING China launched a $1 billion fund Tuesday to finance trade and investment by Chinese companies in Africa as part of efforts to nurture commercial ties with the resource-rich continent. (Atlanta Journal-Constitution -- World)
Risk of an overhang could squeeze Mondi share price Jun 1, 2007
Online Edition Powered By IOL. Johannesburg - Anglo American's July listing of its paper and packaging subsidiary, Mondi, would be welcomed by institutional investors, although there was a risk that they might be forced to sell their shares in terms of their investment mandates and exchange control regulations, it emerged yesterday. (Business Report, South Africa)
China Promises More Aid to Rwanda May 17, 2007
The bank, an official institution of the government, will begin it's new Africa fund with U.S $1 billion, and eventually grow that sum to U.S $5 billion. That money will be used by China to support investment in African resource exploration and agriculture, in transportation and telecommunications, and in urban infrastructure. (allAfrica.com)
Dubai's High-Profile Money Man Mar 28, 2007
He has also set up a $500 million Middle East and North Africa fund with HSBC (). Still, the deal that Al Ansari may have wanted most eluded him. (BusinessWeek)
China to promote investment in SA Feb 7, 2007
China will use its Africa Fund to encourage Chinese companies to invest in South Africa, its President Hu Jintao told President Thabo Mbeki in Pretoria on Tuesday. "We discussed this matter and looked at steps that must be taken to further intensify that cooperation in all areas trade, investment, human resource development, technology transfers...," Mbeki said. (iAfrica.com)
S Korea 'regrets' refugee mix-up Jan 21, 2007
Citigroup joins $200m Africa fund. Home Office split 'within months. (Yahoo News -- North Korea)
Citigroup joins $200m Africa fund Jan 16, 2007
----------------- RELATED BBC SITES. Last Updated: Monday, 15 January 2007, 12:10 GMT. (BBC News -- Business)
Citigroup, CDC in $200 million Africa venture Jan 15, 2007
CDC, formerly known as the Commonwealth Development Corporation, would give 51 million pounds to an Africa fund managed by Citigroup's private equity arm, according to the newspaper. The U.S. bank would match that amount, it said. (ABC News -- Wire)
African private equity fund venture Jan 15, 2007
a private equity investor owned by the UK government and formerly known as the , will commit $100m to a dedicated Africa fund, managed by Citigroup's private equity arm. Citigroup will match CDC dollar for dollar. (Financial News Online US)
Ask the expert: Investing in Africa Jan 13, 2007
The Investec Africa Fund he co-manages with Chris Derksen is tiny with some $20m in assets but it has already risen by 60 per cent from launch in November 2005 to the end of September in rand terms ... Roelof Horne is manager of the Investec Africa Fund at Investec Asset Management. (FT.com -- Markets)
