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Finance | Rwanda Targets $1.5 Billion in Foreign Investments in 2016

Kigali, Rwanda, Capital Markets in Africa — Foreign direct investment in Rwanda will probably rise 36 percent this year to $1.5 billion, according to the Rwanda’s development board. Projects financed by foreigners will rise from $1.1 billion last year, Francis Gatare, chief executive officer of Rwanda Development Board, said in an interview on Thursday. “In 2015 we witnessed an increment in the number of investments registered, with key projects in energy and education topping the…

African Stock Market March 2016: Bull rules, Egyptian equities rewards local investors with 22.4% gains

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LAGOS, Nigeria, Capital Markets in Africa — The Federal Reserve’s dovish stance on U.S. interest rates and a rebound in commodity prices fuelled an African-market rally in March, leading currencies to record monthly gains against the dollar. African equity market performance measured by country equity benchmark index returns ended in positive for the month, with eleven gainers and seven losers on the local currency basis. March’s average return of 2.3 percent was recorded across eighteen African…

Tunisia’s central bank holds key rate unchanged at 4.25 percent in March

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TUNIS, Tunisia, Capital Markets in Africa — Tunisia’s central bank kept its key interest rate unchanged at 4.25 percent, the bank said on Thursday. The bank last cut its main interest rate in October, from 4.75 percent, in a bid to boost economic growth as inflation fell. The inflation rate was 4.9 percent in 2015, down from 5.5 percent in 2014. The central bank said tourism revenue in first two months in 2016 fell by…

Private Equity | Helios scores first for Africa fund with Crown Agents deal

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LONDON, Capital Markets in Africa: Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management company, for an undisclosed sum, marks the first time an African-managed fund has won approval from regulators to acquire a UK financial institution. Helios is one…

Philosophy of Investment | To fight or flight – why risk can pay off

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LONDON, Capital Markets in Africa — If you ask most people how they make decisions, they’ll probably tell you they look at the pros and cons carefully and, once they’ve weighed up all the evidence, they make their choice based on reason, logic and factual information. In fact, this is not how people generally make decisions. They often make them quickly, based on intuition and gut feeling – and even apparently well-informed, considered decisions can…

IFC Issues First Namibian Bond to Support Local Capital Market

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Windhoek, Namibia, Capital Markets in Africa — International Finance Corporation (IFC), a member of the World Bank Group, has launched the first bond by a non-resident issuer in the Namibian capital markets, raising 180 million Namibia dollars—equivalent to $12 million—for private sector development in the country. The five year bond is named “Namib” after the world’s oldest desert. Namib means “vast space” in the Nama language and gave rise to the name of the country….

Private Equity | AfricInvest invests in Outsourcia

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Casablanca, Morocco, Capital Markets in Africa — AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leading contact centre and business process outsourcing (BPO) provider. Through its investment, AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa, while at the same time reinforcing the strong growth that the…

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