The Editorial Team

Why are private fund structures so attractive to HNWI and family offices?

Family offices, high net worth individuals and wealthy families are increasingly considering private fund structures to hold their investments. While ‘standard’ investment structures like hedge or private equity funds can be ideal for some investors, some HNW investors are looking for options with more flexibility. There are several reasons why a private fund provides an attractive way to hold assets. A private fund can be used for a variety of reasons. It can be a…

How big is the inflation threat?

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LONDON (Capital Markets in Africa) – Global equities gained around 0.5-1.0% last week and are back within spitting distance of their mid-February highs. Markets have also opened higher this morning, shrugging off the news of the collapse of a US hedge fund which will lead to significant losses at Credit Suisse and Nomura. Rather than being seen as a canary in the coalmine, and a sign of impending doom as various fund failures proved ahead…

Unlocking a new age of African trade, Britain’s post-Brexit opportunity

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LONDON (Capital Markets in Africa) – New research from Crown Agents Bank has found that there is a strong appetite from UK companies to step up their presence in Africa, with 69% of those surveyed planning to expand their footprint in the continent following Brexit. The bank, which is a UK regulated provider of wholesale FX and cross-border payment services, asked 200 decision makers from businesses that trade in frontier markets about their perceptions around…

Amazon Union Vote Ends as Both Sides Brace for Contentious Count

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LAGOS (Capital Markets in Africa) — The historic union election at an Amazon.com Inc. fulfillment center in Alabama concludes on Monday, setting in motion a vote count that organizers expect will be contentious and take a few days. As many as 5,800 workers at the facility in Bessemer were eligible to vote to join the Retail Wholesale and Department Store Union. The hard-fought mail-in election that began seven weeks ago attracted national attention — President Joe…

Deliveroo Shaves $1.3 Billion Off Valuation as Investors Revolt

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LONDON (Capital Markets in Africa) — Food-delivery startup Deliveroo Holdings Plc cut the upper valuation target in its London initial public offering by about 950 million pounds ($1.3 billion), after some institutional investors balked at the company’s treatment of riders. Deliveroo set new guidance of 3.90 pounds to 4.10 pounds a share, according to deal terms seen by Bloomberg. The company initially marketed the offering at 3.90 pounds to 4.60 pounds, valuing it at as…

Biden to Reveal Major Spending Plan With Political Battle Ahead

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NEW YORK(Bloomberg) — President Joe Biden this week will reveal the scope and ambition of his plans to expand and reorient the U.S. government, setting the stage for a bitter fight on Capitol Hill that could define his presidency. Biden will unveil the framework for a major infrastructure-and-jobs program on Wednesday in Pittsburgh, and later in the week offer the first glimpse of his 2022 budget — which promises to redirect federal funds to areas…

J&J Agrees to Supply Up to 400 Million Vaccines to African Union

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LAGOS (Capital Markets in Africa) — Johnson & Johnson agreed to supply as many as 400 million Covid-19 vaccines to the African Union through the end of next year, delivering a boost to a continent trailing most of the world in the race to inoculate against the disease. The U.S. drugmaker can make available as many as 220 million doses of its single-shot candidate to the AU’s 55 member states starting in the third quarter…

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