The China Development Bank-backed China Africa Development Fund saw investments dry up this year amid Covid-19, with an internal management investigation and Africa’s lagging GDP and higher financial risks also causing pressure.
The Asian experience of development stands investors from the region in good stead when they do business in sub-Saharan African, says AML founder Baroness Lynda Chalker.
The South African asset manager is preparing to launch an A-share fund and sees a big opportunity to work with Chinese insurers. It is also eyeing expansion in Singapore.
The agreed joint venture with Kingdom Holding Company will invest in direct private equity deals in Africa and reflects fast-rising interest in the continent, including from Asia.
AsianInvestor and FinanceAsia jointly hosted the 2nd Annual Africa Investment Summit at the Conrad Hotel in Hong Kong on November 13.
AsianInvestor and FinanceAsia host the 2nd Annual Africa Investment Summit on November 13, 2013 at the Conrad Hotel Hong Kong.
Faced with low yields at home and a need for diversification, Korean institutions are taking a fund of funds approach in Africa and are making plans for direct investment.
Global investors are turning to Africa to harness opportunities and tap the continent’s emerging wealthy. But Scorpio Partnership asks: will this be at the expense of Asia?
They see Doha as a safe haven and favour emerging markets for offshore investment. They are also active in managing their wealth and prefer Africa and Europe over the US.
The investment company has partnered a local firm to raise capital from Asia to invest in African and Latin American infrastructure and resources.
Investec’s founder Hendrik du Toit says investments in Africa require strong due diligence and a long-term outlook if they are to capture the continent’s growth.
An official from China Eximbank tells a forum in Hong Kong that the US is ungrateful for Chinese investment and brushes off perceived US criticism of its rising trade with Africa.