Equity | - Part 2

INTO AFRICA February 2017 Edition: Africa’s Economic Path in 2017

LAGOS, Nigeria, Capital Markets in Africa: Welcome to the 2017’s first edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. In this edition, we bring you a selection of insights on Africa’s economic prospects in 2017. Please download by clicking: INTO AFRICA PUBLICATION: FEBRUARY 2017 EDITION. The collapse of oil prices has had far-reaching effects on African economies in 2016. For commodity exporters, the implications are glaring – weaker revenues have…

Canada’s Mawer Offers New Emerging Markets Equity Fund

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Mawer Investment Management Ltd. (Mawer) launched a new fund today, offering investors an opportunity to invest in emerging markets using Mawer’s time-tested investment approach: “Be Boring. Make Money™” Mawer has 30 years of experience investing in emerging markets within its International equity strategy and more recently in its global small cap and global equity strategies. The new Mawer Emerging Markets Equity Fund will be managed by Peter Lampert, CFA,…

Nando’s Spicy Chicken Chain Said to Weigh IPO Amid Expansion

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JIOHANNESBURG (Capital Markets in Africa) – Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. Nando’s is speaking to advisers and is in the early stages of planning a share sale, the people said, asking not to be identified as the deliberations are private. The company is weighing a London listing among other potential venues, they said….

Glencore Considering Bid for Impala’s Chrome Waste Operations

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JIOHANNESBURG (Capital Markets in Africa) – Glencore Plc, the mining and trading firm run by billionaire Ivan Glasenberg, is considering bidding for Impala Platinum Holdings Ltd.’s 65 percent stake in a chrome waste-retreatment operation in South Africa, two people familiar with the matter said. Glencore already has an agreement to buy metal from Chrome Traders Processing (Pty) Ltd., the closely held company that owns 30 percent of the business controlled by Impala. Glencore, which has chrome…

Emerging Market Stocks Pare Monthly Gain as Trump Trade Falters

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – An index of emerging-market stocks retreated, paring its biggest monthly gain since March, as concern over the new U.S. administration’s unpredictability prompted investors to avoid riskier developing-nation assets. Yields on developing-nation bonds rose relative to U.S. Treasuries, though the Brazilian real and Polish zloty led gains in currencies against a weakening dollar. Equities in India, Russia, the United Arab Emirates, Egypt, the Philippines, Malaysia, South Korea and Qatar led emerging stocks lower. MSCI’s…

Kenyan Stocks, World’s Worst This Year, Set to Fall Further

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan stock prices at more than three-year lows may have further to fall with domestic investors favoring bonds and foreign buyers waiting for lower valuations, the head of the bourse said. Shares on the Nairobi Securities Exchange have dropped 6.9 percent since Jan. 1, extending last year’s 8.5 percent decline, because of jitters among investors about elections scheduled for August. The yield on Kenya’s benchmark 10-year bond has fallen almost 200 basis points to…

Acacia Jumps in London on Talks for $4 Billion Endeavour Merger

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JOHANNESBURG (Capital Markets in Africa) – Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest since November 21. The stock traded at 435.1 pence a share at…

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