Equity Investment |

INVESTING IN TECHNOLOGY ENTREPRENEURS: A REALITY CHECK

LAGOS (Capital Markets in Africa) – South Africa’s entrepreneurial activity is at its highest level since 2013, the global entrepreneurship monitor’s (GEM) latest report for South Africa 2017/2018 has revealed. Total early-stage entrepreneurial activity (TEA) in South Africa is at 11.0%, 4.1 percentage points higher compared to 2016’s score of 6.9%. This is the measure of all adults in the population that are involved in early stage entrepreneurship. However, this is far from demonstrating a…

INTO AFRICA March 2019 Edition – Views on Africa Attractiveness

Posted on by The Editorial Team

Welcome to the March 2019 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. The edition is titled: Views on Africa Attractiveness. Is Africa fundamental shaken or Africa story over-sold? These and other questions are articulately ventilated at the plethora of Africa Investment forums. We are of the view that neither is Africa fundamental shaken nor story over-sold. In fact, we believe that Africa is the next and last global…

CDC Made Wrong Call on Investment in Kenyan Cement Maker ARM

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – CDC Group Plc misjudged the potential of Kenyan cement maker ARM Cement Plc when agreeing to invest $140 million almost three years ago, and is banking on the prospect of an acceptable buyout offer in a forthcoming auction. The U.K. investment firm allocated over half of its Kenyan portfolio to ARM to back an expansion into Tanzania and the development of a potential East African regional champion, Chief Executive Officer Nick…

Is South African Clothing Retailer Edcon Too Big to Fail?

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s national power utility’s woes have threatened to shut down industries, while the flagship airline has received repeated bailouts to keep it afloat. Now, a scramble to help a retailer that sells school shoes and fast fashion suggests it, too, may to be seen as too big to fail. Edcon Holdings Ltd. has 30,000 employees, a supply chain that includes 750 companies and floor space that accounts for a…

Goldman’s $1 Trillion Asset Manager Is Betting on Stocks in 2019

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Equities is the place to be in 2019, according to a senior money manager at Goldman Sachs Asset Management. The company, which says it oversees more than $1 trillion, is betting that global growth will extend into next year, giving support to stock fundamentals. GSAM favors emerging-market assets over the developed market, although U.S. stocks look appealing after the sell-off even as the economy moderates. “We’re broadly positive on equities,” said…

African Pension Funds: A New Capital Source For Private Equity

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – African pension funds are primed to play a valuable role in the future of the African private equity industry. They are likely to become an increasingly significant capital source for medium and long – term investment and are primed to play a critical role in catalysing African development. With many pension funds accumulating substantial AUM, there is pressure on these pension funds to diversify from traditional investments such as…

Zimbabwe Power to Draw Down $199 Million for Hwange Expansion

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – The Zimbabwe Power Co. will draw down $199 million from a China Export-Import Bank loan in April to begin building additional units at the Hwange Thermal Power Station, acting Managing Director Joshua Chirikutsi said. Upon completion, the $1.5 billion units 7 & 8 will add 600 megawatts to the existing 920-megawatt plant, Zimbabwe’s biggest. ZPC and Sinohydro Corp. will own 64 percent and 36 percent respectively of the proposed…

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