The Editorial Team |

Sovereign wealth fund’s AUM at $6 trillion at end- March 2015

London (Capital Markets in Africa):- The 2015 Preqin Sovereign Wealth Fund Review reveals that majority of sovereign wealth funds globally have increased their assets under management over the course of 2014. The growth in assets, up from USD5.38tn in October 2013 to USD6.31tn in March 2015, has been driven by continued funding from governments and reserves, as well as from investment returns. This growth has also been in the headwind of falling oil prices, one…

SuperInvestor Africa 2015

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Fundraising Summit: 14 September 2015 South Africa Summit: 14 September 2015 Main Conference: 15 – 16 September 2015 The Westin Cape Town SAVE 10%. Quote VIP code: FKR2383CMAWB to claim SuperInvestor Africa will focus on LP/GP relations, facilitating the involvement of new investors in the African private equity market, whilst still offering the best knowledge sharing and networking opportunities on the continent. Join 250+ members of the cream of the African private equity industry including…

SuperReturn Africa 1st – 3rd December 2015

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West Africa Summit: 1 December 2015 Real Estate Summit: 1 December 2015 Main Conference: 2-3 December 2015 Mövenpick Ambassador Hotel, Accra, Ghana www.superreturnafrica.com/FKR2375CMAWB SAVE 10%. Quote VIP code: FKR2375CMAWB to claim Attend the 6th Annual Super Return Africa conference, Africa’s largest & most esteemed in-region meeting place and gain exposure to: 550+ senior-level attendees: Our largest audience yet! 150+ local and international LPs looking to invest in the region 140+ industry leading speakers: Largest speaker…

Kenyan shilling softens to new 3-year low, stocks rise

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NAIROBI (Reuters) – The Kenyan shilling softened to a three-year low on Thursday due to strong dollar demand by companies seeking to settle their bills at the end of the month, traders said. At close of trade, commercial banks quoted the shilling at 94.60/70 to the dollar, from Wednesday’s close of 94.55/65.The shilling weakened to 94.75/85 in intraday trade, lows last seen in November 2011, before recovering amid concerns the central bank may intervene and…

Nigeria Market Watch: Week Ended 30th April, 2015

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Weekly Equities Market Review and Outlook The Nigerian Stock Market traded predominately in the red save for the last trading day this week erasing previous losses. The streams of positive quarterly results that were released gradually boosted investors’ sentiment most especially on Thursday (+1.9%). As a result, the NSE-ASI advanced 0.6% WTD settling at 34,708.11 points at the close of trade this week. Likewise MTD and YTD swung positive at 9.3% and 0.1% respectively. On…

Malawi takes key step to advance digital payments and drive inclusive growth

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LILONGWE, Malawi, April 30, 2015/ — Today, Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance (http://www.betterthancash.org) and Mobile Money for the Poor initiatives brought together digital payments players to accelerate the progress of digital finance in Malawi. The convening also marks the release…

Nigeria: Legislators approve 2015 ‘s Appropriation Bill

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A week after the House of Representatives passed the 2015 Budget, the Upper Chamber fulfilled its part of the Appropriation process by passing a N4.5tn budget. This is N134.4bn in excess of the N4.4tn submitted by the Executive arm late 2014. Meanwhile, recurrent expenditure was reduced slightly by N0.5bn to N2.6tn while capital expenditure was scaled down by additional N85.9bn to N557.0bn from N642.8bn proposed by the Executive arm. Effectively, this implies that recurrent expenditure…

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