Growing Inclusive Insurance Markets: Emerging Trends and Supervision

Growing Inclusive Insurance Markets: Emerging Trends and Supervision

LAGOS (Capital Markets in Africa) – Insurance softens the blows of misfortune. However, many low-income earners lack access to insurance and are thus deprived of the cushioning insurance provides although they are the ones in most need of insurance protection as they have little to fall on. For smallholder farmers, for example, besides the lack of access to insurance leaving them exposed to the varieties of the weather, it can also disincentives them from investing…

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Adenia Partners successfully closes fourth fund at EUR230mn

Adenia Partners successfully closes fourth fund at EUR230mn

LAGOS (Capital Markets in Africa) – Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at its hard cap of EUR230mn of LP commitments six months after its first closing in November 2016, well above its target of EUR200mn. Adenia Partners gathered a well-diversified collection of investors, with…

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Investment Philosophy | Outcome-Based Investment: Putting the Investor First

Investment Philosophy | Outcome-Based Investment: Putting the Investor First

JOHANNESBURG (Capital Markets in Africa) – Outcome-based investing has become a trending topic in recent times, but what does it mean and why does Momentum Investments believe this to be a sustainable long-term investment strategy and not simply the latest craze? The approach has client-centric investing at its core. This requires a paradigm shift in the investment thought process, where the driving force now becomes the delivery of the desired goals rather than perusal of…

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Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

KAMPALA (Capital Markets in Africa) – Uganda’s rate of growth, though positive, has slowed over the past few years to average 4.5 percent in the last five years compared to 7.4 percent in the preceding period. Core inflation has been in line with the target of 5 percent over the medium term, with the few deviations from the target arising largely from supply side shocks caused by developments on the global scene as well as…

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The Four Africas: Nigeria – The Unstoppable Super Eagle

The Four Africas: Nigeria – The Unstoppable Super Eagle

LAGOS (Capital Markets in Africa) – It is a results-driven world we live in, like it or not. And the rules are simple, occasionally ruthless, but invariably bottom-line. Whenever international financial institutions or global marketing giants look to invest their capital, manpower and technology in a new market, they invariably ask one question: Are the fundamentals sound? If the answer is “yes,” they continue. They set down roots. And they often use that nation as…

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Kenya’s Biggest Bank Warns Rate Caps Risk Crippling Industry

Kenya’s Biggest Bank Warns Rate Caps Risk Crippling Industry

NAIROBI (Capital Markets in Africa) – Equity Group Holdings Ltd., Kenya’s biggest bank by market value, posted a 6 percent decline in first-quarter profit as its chief executive officer warned government-imposed caps on commercial lending rates risk crippling the industry. Net income slid to 4.83 billion shillings ($47 million) in the three months through March as the revenue generated from loans after expenses tumbled 15 percent to 8.89 billion shillings, the Nairobi-based lender said in…

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South Africa Miners Seek Policy Clarity to Boost Spending

South Africa Miners Seek Policy Clarity to Boost Spending

JOHANNESBURG (Capital Markets in Africa) – South Africa needs to finalize its long-delayed mining regulations if falling investment in the sector is to be reversed, according to the Chamber of Mines, which represents producers. Fixed investment in mining dropped in each of the past two years after growing at an average annual rate of 12 percent from 2001 to 2008 and 2 percent from 2009 to 2014, Chamber Chief Executive Officer Roger Baxter told reporters in Johannesburg on…

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