Finance | - Part 10

Convergence Partners closes $10m investment in 42Markets Group

Mauritius (Capital Markets in Africa) – Convergence Partners has announced the acquisition of a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector. The introduction of Convergence Partners as new investors will enable the 42Markets Group to accelerate growth through the buildout of its product set and further geographic expansion. The investment is through its Convergence Partners Digital Infrastructure Fund (CPDIF), a $296m…

Will Manchester United Become the Most Expensive Sports Club in the World Following a Takeover?

Posted on by The Editorial Team

While there is still no guarantee that the Glazer family will sell Manchester United, if a sale does go ahead, Manchester United will instantly become one of history’s most expensive sports teams. According to reports, the bid that is most likely to win will be Qatar’s bid (Sheikh Jassim Bin Hamad Al Thani) or Jim Ratcliffe’s bid. The price for the club is expected to be worth in the region of £6 billion. Find out…

Celebrating 10 years of AFSIC – Investing in Africa: An Interview with MD, Rupert McCammon

Posted on by The Editorial Team

What can I expect to experience when attending AFSIC? AFSIC, now in its 10th year, is believed to be the largest African investment event taking place annually outside Africa and has become one of the most important conduits of investment into Africa. Over the past ten years AFSIC has been entirely focused on bringing together Africa’s business leaders and Africa’s most interesting investment opportunities with the continent’s most important investors and dealmakers to facilitate new…

Conversational AI: Fighting fraud while reducing friction for customers – Brendan Van Staaden, Managing Executive, MoData Interactive.

Posted on by The Editorial Team

The risks of identity fraud remain as high as ever for consumers and banks alike. Global research from Experian shows that 58% of consumers have been a victim of online fraud or know someone who has been a victim, or both. The challenge that banks face is protecting their customers from increasingly sophisticated identity thieves and scammers without adding undue friction to customer experience (CX). One of the most powerful tools institutions can leverage to…

AfDB approves trade finance transaction guarantee facility to Banque Commerciale du Burundi

Posted on by The Editorial Team

ABIDJAN (Capital Markets on Africa): The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East African nation, this instrument will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates, to facilitate their import and export trade finance requirements. The Bank will provide a guarantee to Confirming Banks for the non-payment…

Africa’s potential growth hotspot and unsettling monetary environments

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LAGOS (Capital Markets in Africa) – The Q4 GDP figures suggest the rifle is cocked and the Senegalese economy is ready to shoot the lights out this year. Industry ended 2022 with a bang and the development of the hydrocarbons sector could see Senegal become Africa’s growth hotspot in 2023. Domestic political uncertainty and economic challenges abroad are the main obstacles to traverse. Elsewhere, both Namibia and Algeria are still struggling with unsettlingly high price…

Africa: Attempting to re-join the club

Posted on by The Editorial Team

Author’s note: Not all African countries have been able to take advantage of the African Growth and Opportunity Act (Agoa) – a programme granting duty-free access to the world’s largest consumer market, the US. The programme has seen some criticism, ranging from the perceived lack of reciprocity from African nations to the US’ unilateral suspension of African countries, and the uncertainty this creates when making long-term investment decisions. However, at least one country, Cameroon, thinks…

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