Features

JOHANNESBURG (Capital Markets in Africa) – South Africa’s main labor group is pushing parliament to adopt proposed changes to laws regulating the continent’s biggest money manager, which oversees state workers’ pensions, to make it more accountable and give unions representation on its board. Parliament’s finance committee is processing the Public Investment Corp. Amendment Bill, but the Congress of South African Trade Unions fears the state’s decision to appoint a commission to investigate the fund manager’s governance and…

Join 300+ asset managers, fund selectors, and industry experts + from key African and Middle Eastern-focused businesses attending FundForum Middle East and Emerging Markets 2018, the asset and wealth management event for MENA, emerging and frontier markets. You’ll participate in the executive-level conversation with 100+ top speakers and receive 2 full days of exclusive content & best-practice strategies for navigating the Global Investment Management landscape.  Confirmed speakers include: Steve Eisman, Managing Director, Neuberger Berman Nadim…

The 2nd Edition of The Real Estate Development Summit – West Africa is all set to take place in Accra, Ghana in October. With a vibrant growth trajectory across the Real Estate industry of all regions of West Africa, the summit comes with a dynamic and investment intensive backdrop. Commercial activity is relocating its preferred destinations across African destinations and with tourism on the rise, Africa is seeing a rapid increase in demand for new…

LUANDA (Capital Markets in Africa) – Angola’s sovereign wealth fund made an unfair case when it accused the son of the country’s former president of involvement in a “dishonest conspiracy” over the management of assets, a London judge ruled on Thursday. The fund breached a duty to make a fair presentation, judge Andrew Popplewell said in a ruling, which re-stated a decision to overturn a $3 billion freeze order on assets linked to the sovereign wealth fund….

BAMAKO (Capital Markets in Africa) – Mali President Ibrahim Boubacar Keita secured a second five-year term after beating former Finance Minister Soumaila Cisse in the Aug. 12 runoff election by a landslide. Keita secured 67 percent of the vote against Cisse’s 33 percent, Minister of Territorial Administration and Decentralization Mohamed Ag Erlaf said in a broadcast on state television, ORTM. Turnout was 35 percent of the more than 8 million registered voters, according to Ag Erlaf. The 73-year-old…

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari’s party may be wracked by defections and his battles against corruption and an Islamist rebellion under fire, but he has one crucial advantage in securing re-election: incumbency. The 75-year-old leader is going to need all the tools available to repeat his 2015 victory — the first time an opposition party won power at the ballot box in Africa’s biggest oil producer. At his disposal, analysts say,…