The London Stock Exchange Group launched the 2nd edition of its Companies to Inspire Africa Report, on Wed 16 Jan, identifying dynamic growth businesses in Africa to build an information database and showcase them to a global audience. Many speakers expressed sympathies after a terror attack in Nairobi on 15 Jan. International Development Secretary, Penny […]
The report identifies 360 companies from 32 countries representing 7 major sectors. It highlights the entrepreneurial and dynamic landscape of the African private sector. Companies featured include small entrepreneurial businesses through to well-established corporations. A searchable database of the report and a downloadable PDF of the publication are available at www.lseg.com/inspireafrica. The first edition of […]
Africa’s $372bn pension fund assets – do they facilitate inclusive growth and social stability? Is the money well invested, including capital markets and equities, private equity and infrastructure development? Bright Africa report by RisCura.
RisCura’s annual Bright Africa report into African securities exchanges is out and highly-recommended. Key challenge to investors, African stock exchange operators and regulators remain: liquidity, free float and cost of trading. Broker commissions are high, but with low trading volumes they need incentives to change.
“African economies have been resilient and gaining momentum. Real output growth is estimated to have increased 3.6% in 2017 and to accelerate to 4.1% in 2018 and 2019″ says African Economic Outlook 2018 report released by African Development Bank on 17 Jan.
Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa’s $124bn GEPF is the biggest but many other fast-growing African funds are also investing in infrastructure and private equity.
African pension fund regulators and PPP practitioners have much to learn from Latin American examples on how to let local funds invest into infrastructure, while building the capital markets, plus round-up of some recent research papers.
Funds inflows into private equity in sub-Saharan Africa including South Africa (SSA) were $156 million in the first quarter of 2011, according to research by the Emerging Markets Private Equity association. In 2010 fund-raising had soared to $1.49 billion.