Responsible Investing and Its Impact on South Africa – Dr Rufaro Nyakatawa, Market Development Consultant, Africa, Jersey Finance

Responsible Investing and Its Impact on South Africa – Dr Rufaro Nyakatawa, Market Development Consultant, Africa, Jersey Finance

The history of responsible investing (RI) in South Africa dates back to the 1970s when investors began to align their portfolios with social concerns. This was further shaped by significant events such as, the publication of the King Reports on Corporate Governance in 1994, 2002 and 2009, the launch of the United Nations Principles for Responsible Investment in 2006 and the formulation of institutional investor guidelines such as the Code for Responsible Investing in South…

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Apex Group to administer first of a kind climate fund to boost green investment

Apex Group to administer first of a kind climate fund to boost green investment

JOHANNESBURG (Capital Markets in Africa) – Leading financial services provider Apex Group has been appointed as the Alternative Investment Fund Manager (AIFM) and administrator of a first of a kind fund aimed at supporting renewable energy infrastructure in Sub Saharan Africa. The Gaia Africa Climate Fund is targeting investment of up to $200 million in assets. The fund will allow institutional investors to participate in the equity of established utility-scale renewable energy projects in African…

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Renewable Energy: The Hottest Investment Space in Africa?

Renewable Energy: The Hottest Investment Space in Africa?

LONDON (Capital Markets in Africa) – Renewable Energy is one of the hottest investment spaces in Africa and AFSIC – Investing in Africa 2024 will continue to highlight important discussions from top companies on the topic in our Sustainable Development stream sponsored by Executives in Africa and our Powering Africa stream: www.afsic.net/agenda. We’ll listen to voices from the investors: AIMS international, US International Development Finance Corporation, African Development Bank, Rand Merchant Bank, Norfund, Catalyst Fund, Gemcorp, GIZ,…

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Private capital slowdown in Africa mirrors global investment trends

Private capital slowdown in Africa mirrors global investment trends

London (Capital Markets in Africa) – The African Private Capital Association – today announced the release of the 2023 African Private Capital Activity Report, the anticipated annual report providing insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape.  In 2023, the global economy faced a series of interconnected shocks, including rising political tensions, increasing fragmentation in global trade, escalating interest rates and tightening monetary policies to address high inflation. Amidst volatile…

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Celebrating Innovation and Excellence in Banking at the 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya

Celebrating Innovation and Excellence in Banking at the 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya

Nairobi, Kenya – The Connected Banking Summit, an annual event conceptualized and organized by The International Center For Strategic Alliances (ICSA), once again proved to be a cornerstone for the banking industry’s evolution with its 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024 took place on  6th of March, in Nairobi, Kenya. This gathering not only underscored the significance of digital transformation and financial inclusion but also celebrated the remarkable achievements…

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NextGen Succession Planning for Kenyan Family Businesses; Including market insights into Waqf Principles

NextGen Succession Planning for Kenyan Family Businesses; Including market insights into Waqf Principles

Recent research conducted by Asoko has revealed that Kenya boasts close to 500 family-owned businesses that generate revenues surpassing the US$10 million mark. This diverse spectrum of businesses spans across various industries, sectors and specialisms. Furthermore, among these businesses, close to 15% achieve annual earnings exceeding US$50 million, a quarter of which exceed the US$100 million threshold. Despite their positive impact on Kenya’s economy, family-owned businesses face several structural challenges, including a lack of robust…

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Green Climate Fund Approves USD 50m for REPP 2 in Africa

Green Climate Fund Approves USD 50m for REPP 2 in Africa

LONDON (Capital Markets in Africa) – The Board of the Green Climate Fund (GCF) has approved the allocation of USD 50m in equity to REPP 2, a new debt fund providing an opportunity to invest in Sub-Saharan Africa’s fast-growing renewable energy market. Climate and impact fund manager Camco is developing REPP 2 as a USD 250m fund designed to deliver significant climate, economic and gender impacts while ensuring sustainable returns for investors. Latest research shows…

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