Category Archives: africa venture capital

Hedge Funds to Africa

Excerpts from a China news report: Some hedge funds are turning to resource-rich sub-Saharan Africa for investment, a fact reflecting an upward trend in some of the region’s economies and the growth of hedge funds and their search for new frontiers, The Wall Street Journal reported on Friday.

Citigroup is now trading securities from countries such as Kenya, Botswana, Tanzania, Uganda and Ghana for its clients. Within a few years, it has gone from trading in only two countries in sub-Saharan Africa to 12.

Banks wanted

Standard Bank (aka Stanbic) is seeking mid-size retail banks in Kenya, Nigeria, Ghana and Angola, in addition to investing heavily in its own operations in Kenya to grow them at 25 percent a year,

Stanbic is Kenya’s 12th largest bank and its assets grew by 36% in the half-year.

Great image from airliners.net

Venture Capital & Asset Backed Securities

The Capital Markets Authority has published new regulations for venture capital companies and asset-backed securities for public discussion up to March 3.

Monkey Business?
After East African Cables announced it’s 2005 results, the company’s shares jumped by 17 shillings or 11% on a volume of only 1,000 shares traded on February 14 (opened at 158 and closed at 175). The next day they dropped by 4 shillings on a volume of 25,627 shares and today they lost another 2 shillings on a volume of 1,560 shares traded.