Latest News for: Africa fund manager


Why passive ETFs continue to yield better returns for investors

The National 29 Nov 2022
For the past 25 years, investors have poured money into low-cost exchange traded funds (ETFs), which dispense with expensive active fund managers and passively track the fortunes of a string of global market indices ... Tracker funds have two big advantages over their actively managed rivals ... Fund manager fees take huge bites out of your wealth.

SA’s green hydrogen plans get R400m boost from German development bank

Business Day 29 Nov 2022
The funds will be managed by the Industrial Development Corporation (IDC) and are in addition to the €300m (about R5bn) concessional loan agreement that ... The state-owned PIC is Africa’s biggest asset manager, administering the pension funds of most government workers.  .

Paying the price for others

China Daily 28 Nov 2022
Africa's ability to manage climate challenges will remain weak unless the funding gap is addressed ... Evidently, the prospect of Africa's ability to manage climate challenges will remain bleak unless the growing huge funding gap is properly tackled ... The author is deputy director of the Security Studies Division at the China-Africa Institute.

New (budget-friendly) wildlife reserve set to open in Eastern Cape

Independent online (SA) 28 Nov 2022
According to Nyosi’s management, it hopes to nurture nature and create a healthy escape for city dwellers ... The Mantis Group’s foundation, the Community Conservation Fund Africa (CCFA), is the custodian of all conservation and community projects at Nyosi.

Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital

Bitcoin 25 Nov 2022
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals ... According to Marius Reitz, general manager of the ...

Coronation finds opportunity in weak global equity markets

Independent online (SA) 23 Nov 2022
Coronation Fund Managers, one of the biggest asset management companies in South Africa, said its fund management earnings fell 18% to 387 cents per share in the year to September 30 after being impacted by this year’s downturn in global equity markets ... Fund management companies are cyclical businesses that are heavily impacted by market movements.

H.I.G. Capital Expands Its Capital Formation Group in Europe with Three New Senior Appointments

Hastings Tribune 21 Nov 2022
Prior to H.I.G., Daniel was a Managing Director in Eaton PartnersEurope, Middle East, and Africa (EMEA) private funds group ... Prior to H.I.G., Micael was a Managing Partner at New End Associates, where he was responsible for the capital formation of primary funds and direct ...

Millions pledged at Africa adaptation acceleration event

Capital Ethiopia 20 Nov 2022
When Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), was asked to make remarks at an event on Africa at the ongoing COP27 in Sharm El Sheikh, she began by asking the jampacked audience to give a round of applause to Egypt and to Africa ... Nearly half the funding will be for adaptation, including in Africa.

AfDB invests $20 million in private equity fund targeting renewable energy projects in sub-Saharan Africa

Algeria Times 18 Nov 2022
The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period.

EAAML emerges as largest fund manager

Business Day Online 18 Nov 2022
Emerging Africa Asset Management Limited (EAAML), the asset management arm of the ...

PIC won’t sell stake key to platinum takeover battle

Mining Weekly 17 Nov 2022
The PIC, Africa’s biggest fund manager, owns almost 9.9% of RBPlat, according to data compiled by Bloomberg.

UBA Reiterates Commitment to SMEs Development Across Africa

This Day 15 Nov 2022
United Bank for Africa (UBA) Plc has said that it is committed to the growth of Small and Medium Enterprises (SMEs) across Africa as evidenced in the increased funding it has provided to such businesses in Nigeria and across Africa. The Deputy Managing Director, Muyiwa Akinyemi, ...

Walk the talk – Lands Minister challenges developed world at COP27 as Ghana qualifies for ...

Joy Online 10 Nov 2022
Already, the World Bank is partnering with Ghana to make funds available to address the problem ... Erwin De Nys, the Climate Funds Manager at the World Bank said “with the validation and verification completed for the first monitoring period, Ghana will receive very soon its first payment of about $4.8 million”.

Northam steps up bidding war with formal offer for RBPlat

Mining Dot Com 09 Nov 2022
Both Northam, which currently owns 34.52% of RBPlat, and Impala, the biggest shareholder with 40.71%, covet RBPlat’s large, shallow, high-quality assets ... South Africa’s state-owned fund manager, Public Investment Corporation, holds 9.42% of RBPlats, making it a potential kingmaker in the bidding war ... ($1 = 17.7671 rand) ... .

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