Private equity could boost African entrepreneurs

Private equity funds in Africa are increasingly investing in early-stage businesses in the search for earnings growth. This is partially driven by the rising trend in purchase prices of private companies in Africa as indicated by the recently released Bright Africa...

Market Commentary: October 2018

Here are this month’s highlights: October proved to be  a tough month for global risk assets, dubbed Red October by market watchers. Developed and  emerging equities were volatile and ended sharply lower, with a tech sell-off grabbing headlines. Energy prices declined...

Sukuk – a new avenue for funding African infrastructure

In generic terms, economic theory categorises infrastructure assets, as public goods. This means a good or service that is provided without profit to all members of society. The absence of the profit incentive (by default), has placed the provision of public  goods or...

Credibility of PE impact investing in Africa

Despite being only a decade old as an industry, impact investing globally has shown impressive growth and obtained mainstream acceptance. However, there are some credibility concerns, particularly in Africa, that can be addressed with clear industry guidelines. This...

Market Commentary: September 2018

Here are this month’s highlights: September was a month of contrasts: Even as new trade tariffs took effect in the Sino-US standoff, the US, Canada and Mexico brokered a deal on NAFTA; While South African growth languished, the US economy steamed ahead and the Federal...

Market Commentary: August 2018

Here are this month’s highlights: It was a mixed month for global risk assets – Emerging market equities struggled, with geopolitical tension and dollar strength feeding into perceived vulnerabilities. US growth continued to be particularly strong, while consumers...

Investing into private equity for African institutions

Institutional investment is a key driver of the development of capital markets. But, in many parts of Africa, institutional investment has been slow to develop and development finance institutions (DFIs) have long filled this gap. In recent years, pension reform in...