Author: The Editorial Team

LONDON (Capital Markets in Africa) – One of the U.K.’s largest pension funds, which oversees the retirement assets of 350,000 British railworkers, is betting on private credit to help preserve returns during the next downturn. RPMI Railpen aims to boost its exposure to private debt to as much as 40% within a private investment strategy totaling 4.5 billion pounds ($5.5 billion) across two funds. While still a fraction of the scheme’s 30 billion pound asset total,…

JOHANNESBURG (Capital Markets in Africa) Steinhoff International Holdings NV is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit South African retailer seeks funds for the next phase of its recovery plan, people familiar with the matter said. The company has been discussing a listing of Pepkor Europe with potential advisers, according to the people, who asked not to be identified because the information is private. The business — which owns…

LAGOS (Capital Markets in Africa) – The U.S. and Africa have different views on their future trade relationship when a preferential access deal expires in 2025. U.S. Assistant Secretary of State for African Affairs Tibor Nagy said in an interview Sunday his country favors bilateral trade agreements with African nations. A day later, African Union Trade and Industry Commissioner Albert Muchanga said the AU favors a free-trade agreement with the U.S. to replace the African Growth and Opportunity Act….