Trusted Insighthttp://thetrustedinsight.com/2021-11-19T10:48:40.750450-05:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Global Investment Money Is Flooding Into Africa’s Fintechs
2021-11-19T10:48:40.750450-05:00https://www.thetrustedinsight.com/investment-news/global-investment-money-is-flooding-into-africas-fintechs-20211119640/
In the third quarter of this year alone, African fintech firms raised $906M. That represented more than 60 percent of all venture money that flowed into Africa last quarter, and more than all other sectors combined in the first half of 2021.
How African Startups Raised Investments In 2020
2021-02-11T09:52:46.121705-05:00https://www.thetrustedinsight.com/investment-news/how-african-startups-raised-investments-in-2020-20210211134/
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years.
Rwanda Is Bringing Tech Buzz And Investment To Africa
2019-12-30T11:02:09.240634-05:00https://www.thetrustedinsight.com/investment-news/rwanda-is-bringing-tech-buzz-and-investment-to-africa-20191230247/
Once bypassed by the tech boom, cities like Kigali in Rwanda are now home to a growing number of startups and increasing investment.
Chinese Investors Double Down On African Startups
2019-11-30T12:31:06.023189-05:00https://www.thetrustedinsight.com/investment-news/startups-weekly-chinese-investors-double-down-on-african-startups-techcrunch-20191130909/
This year, these three companies brought in a total of $240 million in venture capital funding from 15 different Chinese investors, who’ve become increasingly active in Africa’s tech scene.
Abu Dhabi Investing Hundreds Of Millions In Tech Startups From The Middle East
2019-10-21T09:10:26.737466-04:00https://www.thetrustedinsight.com/investment-news/abu-dhabi-investing-hundreds-of-millions-in-tech-startups-from-the-middle-east-20191021242/
Abu Dhabi is doubling down on its push into the technology sector with a $250 million investment to support startups from the Middle East and North Africa region.
10 Tech Startups Showcasing Africa's Innovative Potential
2019-05-15T18:01:04.188004-04:00https://www.thetrustedinsight.com/investment-news/10-tech-startups-showcasing-africas-innovative-potential-in-paris-20190515752/
These 10 African tech startups who will showcase their ideas have a great opportunity to attract investment and gain exposure.
10 Biggest African Tech Funding Deals In 2019
2019-04-25T07:11:06.861118-04:00https://www.thetrustedinsight.com/investment-news/10-biggest-african-tech-funding-deals-so-far-in-2019-20190425973/
The year 2018 was record-breaking for African tech funding, with 210 startups secured $334.5 million worth of investment but 2019 is already looking on track to be another bumper year.
Private Equity Investors Still View Africa As Attractive Market
2018-12-05T01:25:51.495214-05:00https://www.thetrustedinsight.com/investment-news/private-equity-investors-still-view-africa-as-attractive-market-20181205637/
Global private equity investors remained bullish on their prospects in Africa in 2018, promising to increase their allocations and doubling down on their decade-long plans.
Germany Leads G20 Initiative To Boost Investment In Africa
2017-11-06T15:24:20.782042-05:00https://www.thetrustedinsight.com/investment-news/germany-leads-g20-initiative-to-boost-investment-in-africa-20171106278/
The refugee crisis in Europe has lent impetus to a new initiative to foster private sector investment in Africa, according to an official in the German finance ministry. Compact With Africa (CWA) is an initiative of the world’s 20 largest economies (G20) to promote private sector investment in Africa, including but not limited to infrastructure.
Infrastructure As A Catalyst To Improve Trans-African Trade
2017-08-15T11:02:44.516397-04:00https://www.thetrustedinsight.com/investment-news/infrastructure-as-a-catalyst-to-improve-trans-african-trade-20170815461/
Dumi Jere, Chief Executive Officer of AfriCatalysts discusses infrastructure development, specifically at investment in the road, rail and air infrastructure as a catalyst to improve trans-African trade.
Maersk Owners Eye African Infrastructure Deals With $550M Fund
2017-08-15T10:55:32.128377-04:00https://www.thetrustedinsight.com/investment-news/maersk-owners-eye-african-infrastructure-deals-with-550m-fund-20170815459/
A new Danish investor-backed private sector fund with an initial financial war chest of $550 million (Sh57.1 billion) has been launched.
Danish Pension Firms Launch Africa Fund
2017-08-15T09:54:58.656531-04:00https://www.thetrustedinsight.com/investment-news/danish-pension-firms-launch-africa-fund-20170815455/
A.P. Moller Holding, along with Danish pension firms PensionDanmark, PKA, and Lægernes Pension, have collaborated to launch Africa Infrastructure Fund I, which will focus on infrastructure investments in Africa.
Sarona PE in Frontier & Emerging Markets: 2017 Values Report now available on our website
2017-08-01T14:00:30.779410-04:00https://www.thetrustedinsight.com/investment-news/sarona-pe-in-frontier-emerging-markets-2017-values-report-now-available-on-our-website-1-20170801309/
Growth that Matters: investing for profit and purpose
Sarona PE in Frontier & Emerging Markets: 2017 Values Report now available on our website
2017-08-01T14:00:20.655604-04:00https://www.thetrustedinsight.com/investment-news/sarona-pe-in-frontier-emerging-markets-2017-values-report-now-available-on-our-website-20170801308/
Growth that Matters: investing for profit and purpose
Exploring Corporate Venture In Africa: Savvy Capital's Partner | Video (13:01)
2017-08-01T13:01:35.084976-04:00https://www.thetrustedinsight.com/investment-news/exploring-corporate-venture-in-africa-savvy-capitals-partner-video-1301-20170801302/
Thabo Ncalo, managing partner at Savvy Capital Partners, discusses the state of corporate venture capital in Africa and how start-ups and big corporations can benefit from working together.
VC Tweaks Needed To Empower African Tech Scene
2017-07-31T10:23:05.213766-04:00https://www.thetrustedinsight.com/investment-news/vc-tweaks-needed-to-empower-african-tech-scene-20170731243/
The growing number of tech hubs and developers is drawing significant investment, with more than $366 million invested in startups across Africa in 2016. Despite these positive numbers, a few tweaks could help in boosting the African tech scene and increasing the likelihood of success for African startups. Here's why.
Abraaj Group To Buy Java House
2017-07-06T12:11:07.548988-04:00https://www.thetrustedinsight.com/investment-news/abraaj-group-to-buy-java-house-20170706862/
Abraaj Group said July 3 that it agreed to buy Java House Group. Emerging Capital Partners and Kevin Ashley, Java House founder and chairman, were the sellers. Financial terms weren’t announced. Java House, of Nairobi, Kenya, is a casual dining, food services chain in East Africa with 60 outlets. Freshfields Bruckhaus Deringer LLP and Bowmans Kenya acted as legal advisers, while PwC acted as financial and tax advisers to Abraaj on the transaction.
A Huge “Crisis Investing” Opportunity Is Shaping Up…
2017-06-27T17:53:45.807439-04:00https://www.thetrustedinsight.com/investment-news/a-huge-crisis-investing-opportunity-is-shaping-up-heres-how-to-profit-20170627653/
A Huge “Crisis Investing” Opportunity Is Shaping Up… <br />
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www.blackswandexteritas.com
African Real Estate Facing Challenging Environment
2017-06-27T10:16:27.808416-04:00https://www.thetrustedinsight.com/investment-news/african-real-estate-faces-challenging-environment-20170627627/
Property Investors are still concerned that a lack of strong legal structures and reliable rules are making the decision to invest in other African countries difficult as opposed to investing in Europe.
Africa Rail Investment: Real Property And Land Value Capture
2017-06-21T14:06:06.139698-04:00https://www.thetrustedinsight.com/investment-news/africa-rail-investment-real-property-and-land-value-capture-20170621513/
The African continent will continue to experience major urban development in the coming decades. Such urban development requires improved mass transport and freight-moving systems to support the population growth. Some urban planners even argue that mass transport networks are central to citiesâ ability to control the expansion and better manage property development, while reducing travel times and boosting land values.
UAE Leads Region In Private Equity Investments
2017-06-20T17:01:57.550687-04:00https://www.thetrustedinsight.com/investment-news/uae-leads-region-in-private-equity-investments-20170620485/
The UAE accounted 62 percent of Middle East and North Africa (MENA) private equity investment activity by value in 2016, a substantial increase from 2015 according to Private Equity & Venture Capital Annual Report of the MENA Private Equity Association.
VC Gains Popularity As An Asset Class
2017-06-19T10:19:34.466834-04:00https://www.thetrustedinsight.com/investment-news/vc-gains-popularity-as-an-asset-class-20170619401/
Venture capital investments in the Middle East and North Africa region made significant gains last year and are evolving as a popular asset class among regional investors. Here's why.
500 Startups Goes From Silicon Valley To Doha
2017-06-16T10:49:27.006804-04:00https://www.thetrustedinsight.com/investment-news/500-startups-goes-from-silicon-valley-to-doha-20170616363/
In an effort to try to distinguish itself from other accelerators in the Bay Area, 500 Startups has been offering two different programs since last year: Seed and Series A. Today, the 500 team announced the launch of its first Series A program in the Middle East and North Africa (MENA) region.
ABAX Wins Private Equity Africa Fund Administrator Of The Year 2017 Award
2017-06-08T14:43:10.461288-04:00https://www.thetrustedinsight.com/investment-news/abax-wins-private-equity-africa-fund-administrator-of-the-year-2017-award-20170608193/
On one June 2017, ABAX won the Fund Administrator of the Year 2017 Award from Private Equity Africa (PEA), a UK-based news source that focuses exclusively on Africaâs private equity industry, providing news, analysis and research.
Cultivating A Tech Economy: Insight Venture's Partner | Video (6:46)
2017-05-31T10:47:39.520454-04:00https://www.thetrustedinsight.com/investment-news/cultivating-a-tech-economy-insight-ventures-partner-video-646-20170531982/
Hilary Gosher, managing director at Insight Venture Partners, discusess such topics as cultivating a tech economy in Mandela’s new South Africa, her firm’s successful, metric-driven approach to investing for growth and advice on breaking through VC’s “bro culture."
‘Loot And Share’ Shatters Ghana’s Venture Capital Trust Fund
2017-05-29T16:03:11.769576-04:00https://www.thetrustedinsight.com/investment-news/loot-and-share-shatters-ghanas-venture-capital-trust-fund-20170529906/
The Venture Capital Trust Fund in Ghana is under immense financial strain as a result of alleged mismanagement and misappropriation of funds by one of its former bosses, Daniel Duku.
When Toiling in Obscurity Leads to Greatness
2017-05-11T11:16:53.999036-04:00https://www.thetrustedinsight.com/investment-news/when-toiling-in-obscurity-leads-to-greatness-1-20170511408/
In its simplest form, a lack of information, for whatever reason, creates inefficiencies and anomalies in every facet of mankind.
None more so than in that magnificent beast we call the market…
Take present conditions for example:
Every Monday morning I compile a list of Bullish and Bearish Indicators for our Partners meeting.
At the beginning of May it looked something like this:
Investcorp Appoints Ex-morgan Stanley Banker As Saudi Arabia CEO
2017-05-02T17:18:53.033579-04:00https://www.thetrustedinsight.com/investment-news/investcorp-appoints-ex-morgan-stanley-banker-as-saudi-arabia-ceo-20170502093/
<p>Investcorp Bank BSC, the Bahrain-based private equity firm, appointed former Morgan Stanley banker Gabriel Aractingi as chief executive officer for its business in Saudi Arabia.</p>
<p>Aractingi, previously head of Morgan Stanley’s operations in the kingdom for three years, has been with Investcorp since last year as a managing director, according to an emailed statement from Investcorp on Tuesday. Aractingi was the US lender’s head of private wealth management in the Middle East and North Africa region and left the bank in August.</p>
Africa Is The Next VC Frontier
2017-05-01T10:46:30.652363-04:00https://www.thetrustedinsight.com/investment-news/africa-is-the-next-frontier-for-vcs-as-startup-funding-has-increased-20170501997/
Venture Capitalists are becoming more and more interested in investing in African startups, and this is only expected to increase over the next few years.
Africa Urged To Tap Local Funds To Finance Mega Infrastructure
2017-04-28T10:27:53.491245-04:00https://www.thetrustedinsight.com/investment-news/africa-urged-to-tap-local-funds-to-finance-mega-infrastructure-20170428971/
Two European development agencies have urged African governments to find ways to help pension schemes and local private equity firms to finance mega infrastructure.
Private Equity Is Not Dead, But Maybe It’s Time For More Hedge Funds In Africa
2017-04-24T16:38:26.841985-04:00https://www.thetrustedinsight.com/investment-news/private-equity-is-not-dead-but-maybe-its-time-for-more-hedge-funds-in-africa-20170424852/
<p>The talk of hedge funds in the African investment space can excite crafty investors and anger those with development agendas, but private equity probably did the same thing a decade ago.</p>
<p>Short-term volatility and uncertainty in the African growth story create opportunities for hedge funds. Hedge funds are generally authorized by their investors to operate under more flexible mandates than private equity, and they have the creativity to generate bond-like returns that outpace inflation. Critics will say hedge funds operate with limited liquidity in an opaque world.</p>
<p>Private equity is a similarly illiquid class to hedge funds — yes, it is clearly less opaque — but let’s not get hung up on the details.</p>
Tata To Invest Sh15B In Kenya And TZ Real Estate
2017-04-20T12:19:19.573064-04:00https://www.thetrustedinsight.com/investment-news/tata-to-invest-sh15b-in-kenya-and-tz-real-estate-20170420748/
Listed Indian firm Tata Housing Development Company has announced plans to raise Sh15 billion for residential and commercial properties in major towns in Kenya, Tanzania and other countries.
2016 Was A Bad Year For Private Equity In Africa
2017-04-16T19:41:49.785254-04:00https://www.thetrustedinsight.com/investment-news/2016-was-a-bad-year-for-private-equity-in-africa-20170416614/
The fall in African private equity investment in 2016 could be a short-term blip. Among the losers was US-based Carlyle, one of the world's winningest investment firms. Carlyle invested $147m in Nigeriaâs Diamond Bank in 2014. The bank's market cap fell by 90% over the subsequent two years.
The Aims Of SAVCA: CEO | Video (3:22)
2017-04-14T10:19:23.024559-04:00https://www.thetrustedinsight.com/investment-news/the-aims-of-savca-ceo-video-322-20170414582/
The South African Venture Capital and Private Equity Association (SAVCA) is a body that represents private equity firms worth a collective R170 billion. It aims to promote the venture capital and private equity profession in Southern Africa. They collect information from the markets and from members and maintain ethical and professional standards.
In Africa, The Opportunism Of Private Equity Investors Aligns Nicely With Improving Social Welfare
2017-04-10T15:27:45.108002-04:00https://www.thetrustedinsight.com/investment-news/private-equity-investors-in-africa-benefit-society-by-benefiting-their-funds-quartz-20170410377/
Arguably, the turning point in the 2012 US presidential elections between incumbent president Barack Obama and Mitt Romney was the leaking of a recording of the former Utah governor’s infamous “47%” comment. The comment was a reference to a certain segment of US society being freeloaders while everyone else paid their way.
Africa Is The Next Frontier For VCs
2017-04-03T11:38:58.788833-04:00https://www.thetrustedinsight.com/investment-news/africa-is-the-next-frontier-for-vcs-20170403100/
<p>According to Clarium Capital founder Peter Thiel, entrepreneurs should look for secrets where no one is looking and turn them into business opportunities. One of those hidden paths leads to Africa, a market that remains unknown to most VCs. And yet African startups are expected to raise more than a billion dollars by 2018.</p>
Africa Wants Indian Companies To Invest In Power, Infrastructure
2017-03-31T15:36:06.213208-04:00https://www.thetrustedinsight.com/investment-news/africa-wants-indian-companies-to-invest-in-power-infrastructure-20170331083/
African Development Bank (AfDB) would like to accelerate engagement with Indian government in terms of doing business in Africa, AfDB President Akinwumi Adesina said during his first official visit to India. The post Africa wants Indian companies to invest in power, infrastructure appeared first on The Financial Express.
Carlyle Extends Private Equity Oil Rush With $587M Shell Deal
2017-03-31T11:00:40.386912-04:00https://www.thetrustedinsight.com/investment-news/carlyle-extends-private-equity-oil-rush-with-587m-shell-deal-20170331052/
Private equity funds have increased their presence in oil exploration and production outside the United States since the 2014 collapse in oil prices, snapping up assets from oil companies seeking to reduce debt and narrow operations.
How Off-Grid Solar Energy Could Connect Sub-Saharan Africa
2017-03-28T10:24:40.612380-04:00https://www.thetrustedinsight.com/investment-news/how-off-grid-solar-energy-could-connect-sub-saharan-africa-20170328875/
Enthusiasm for the growth of minigrids in Africa and South Asia is shared by young companies looking to provide the hardware, software and services to build them. Development partners such as the U.K.’s Department for International Development and Germany’s GIZ are committing hundreds of millions of dollars to explore the potential for minigrids and support their growth, and groups such as the Rockefeller Foundation are investing time and money with the goal of speeding economic development.
Investec Hires Baird To Lead Africa Private Equity Efforts
2017-03-27T18:01:04.867068-04:00https://www.thetrustedinsight.com/investment-news/investec-hires-baird-to-lead-africa-private-equity-efforts-20170327871/
International asset manager Investec Asset Management has named former Standard Chartered executive Peter Baird as managing principal for its Africa-oriented private equity funds.
South Africa Invests $10B In Renewable Energy
2017-03-22T16:31:09.517754-04:00https://www.thetrustedinsight.com/investment-news/south-africa-invests-10b-in-renewable-energy-20170322784/
Investors see opportunities in South Africa's renewable energy sector.
Forbes 2017: Here Are The Richest People In The World
2017-03-20T15:21:53.978940-04:00https://www.thetrustedinsight.com/investment-news/forbes-2017-here-are-the-richest-people-in-the-world-20170320660/
It was a record year for the richest people on earth, as the number of billionaires jumped 13% to 2,043 from 1,810 last year, the first time ever that Forbes has pinned down more than 2,000 ten-figure-fortunes. Their total net worth rose by 18% to $7.67 trillion, also a record. The change in the number […]Read & Guest Post on Africa's Largest News Site & CommunityHow Africa News.
Physical Oil Market Weakness Hits $50B Hedge Funds’ Bet
2017-03-17T16:11:04.445890-04:00https://www.thetrustedinsight.com/investment-news/physical-oil-market-weakness-hits-50b-hedge-funds-bet-20170317628/
The signs of physical oversupply abound from Europe to West Africa to the US
Och-Ziff Executives Said To Leave After $13 Billion Withdrawn
2017-03-16T17:25:49.137918-04:00https://www.thetrustedinsight.com/investment-news/och-ziff-executives-said-to-leave-after-13-billion-withdrawn-20170316564/
Several executives are leaving Och-Ziff Capital Management Group LLC after the hedge fund suffered withdrawals of about $13 billion in the past 13 months and its shares dropped, according to people with knowledge of the matter.
Uganda: Investment Opportunities In The Uganda Energy Sector
2017-03-13T17:18:34.395314-04:00https://www.thetrustedinsight.com/investment-news/uganda-investment-opportunities-in-the-uganda-energy-sector-20170313420/
<span style="font-family: Arial, "Liberation Sans", sans-serif; font-size: 15px; background-color: rgba(255, 255, 255, 0.00784314);">While Africa is well endowed with a lot of energy resources, Energy in Africa is a scarce commodity than in the developed world. Africa has a very low per capita energy consumption of less than 600kWh.</span>
AFC Invests In Egyptian Petrochemicals Company Carbon Holdings
2017-03-10T14:43:04.135691-05:00https://www.thetrustedinsight.com/investment-news/afc-invests-in-egyptian-petrochemicals-company-carbon-holdings-20170310367/
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has announced a $25m investment in Egyptian petrochemicals company Carbon Holdings. Andrew Alli, CEO of AFC, said: “AFC prioritises investing in projects and businesses that can make a tangible impact on the people, their communities and the economy, and we believe that […]
More Oil Progress Offshore Senegal
2017-03-07T10:56:04.586210-05:00https://www.thetrustedinsight.com/investment-news/more-oil-progress-offshore-senegal-20170307188/
A Scottish energy company focused on reserves offshore Africa said it's assessing data from a reservoir estimated to hold more than 2 billion barrels of oil.
Private Equity Africa – 2016 In Review
2017-03-03T15:59:22.799837-05:00https://www.thetrustedinsight.com/investment-news/private-equity-africa-2016-in-review-20170303091/
There were about 100 private equity deals in Africa in 2016, according to Preqin, valued at $3 billion, according to figures at the industry-leading Private Equity Africa 7th annual review and outlook.
Africa’s Maturing Private Equity Market: Trends Investors Are Watching
2017-03-02T15:28:11.564176-05:00https://www.thetrustedinsight.com/investment-news/africas-maturing-private-equity-market-trends-investors-are-watching-20170302042/
More than 200 African private equity deals were reported over the past year. Almost a third of them were in South Africa, but the potential in Nigeria is mind boggling.
Google’s Launchpad Accelerator Expands To Europe And Africa
2017-03-02T15:09:44.862856-05:00https://www.thetrustedinsight.com/investment-news/googles-launchpad-accelerator-expands-to-europe-and-africa-20170302037/
Google has been mentoring startups in Asia and Latin America since late 2015, when it launched its launchpad accelerator program. The tech giant announced today that it will be expanding to include startups from certain European and African countries. Now, entrepreneurs from these regions can join the 47 graduates and 31 startups currently participating.
The Rise Of Venture Investing In Africa
2017-02-27T09:17:58.820406-05:00https://www.thetrustedinsight.com/investment-news/the-rise-of-venture-investing-in-africa-20170227893/
Thabo Ncalo, founding partner at Savvy Capital Partners discusses for growing venture capital opportunities in across the African continent.
Increased African Mining Deals Show Normalization, 2017 Outlook Positive
2017-02-23T16:26:04.518771-05:00https://www.thetrustedinsight.com/investment-news/increased-african-mining-deals-show-normalization-2017-outlook-positive-20170223804/
The surprisingly strong bull market in commodity prices in 2016 contributed to increased activity in mining and metals deals in Africa, says Quintin Hobbs, Africa mining and metals transactions leader at Ernst & Young. Organizations ran leaner and more efficient, with stronger balance sheets. The outlook improved so significantly through the course of 2016, that the predicted level of divestments and assets listed at rock-bottom prices at the beginning of 2016 just didnât materialize, another expert said.
South African Private Equity Firm Acquires Kenyan Unit Of Aon
2017-02-22T16:34:07.948180-05:00https://www.thetrustedinsight.com/investment-news/south-african-private-equity-firm-acquires-kenyan-unit-of-aon-20170222745/
Johannesburg-based Capitalworks has bought out Aon interests in Aon Kenya, a firm which offers insurance brokerage services as well as human resource consulting.
Africa Off Grid Solar Lighting Market To Hit $1.4bn By 2024
2017-02-21T10:55:08.366217-05:00https://www.thetrustedinsight.com/investment-news/africa-off-grid-solar-lighting-market-to-hit-14bn-by-2024-20170221668/
Africa off grid solar lighting market share is fragmented with large number of local manufacturers. Key industry participants include SunnyMoney, Philips, and WakaWaka.
Students Target Their School's Underperforming Investments
2017-02-21T10:50:57.181009-05:00https://www.thetrustedinsight.com/investment-news/students-target-their-schools-underperforming-investments-20170221665/
College students decades ago protested endowment investments in South Africa during apartheid, and more recently, fossil fuels. Now there’s a new target: hedge funds. A group of Wright State University students is scheduled to gather Friday to call for trustees of the public school in Dayton, Ohio, to shed its hedge fund holdings, which totaled about 8 percent of the school foundation’s $80 million endowment as of Dec. 31.
Goldman Hedge Fund Folding London Operations, Shifting Staff To U.S.
2017-02-09T16:49:23.253385-05:00https://www.thetrustedinsight.com/investment-news/goldman-hedge-fund-folding-london-operations-shifting-staff-to-us-20170209347/
Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters.
About eight staff members who made up the London team were recently told to move to the Battery Park City headquarters of Goldman Sach Group Inc ( GS.N ) in lower Manhattan or find a new job internal...
AFC Makes Maiden $205M Mining Investment In Guinea-Conakry
2017-02-08T18:55:07.778821-05:00https://www.thetrustedinsight.com/investment-news/afc-makes-maiden-205m-mining-investment-in-guinea-conakry-20170208301/
An international consortium including Africa Finance Corporation (AFC) is set to invest in Alufer Mining Limited to fund the development of Guinea-Conakryâs high grade bauxite reserves. The $205 million deal will be one of the largest foreign investments in the country since the 2014 Ebola crisis.
George Soros Invested In These 11 Oil And Gas Companies In 2016
2017-02-07T11:36:17.736676-05:00https://www.thetrustedinsight.com/investment-news/george-soros-invested-in-these-11-oil-and-gas-companies-in-2016-20170207227/
Billionaire George Soros in 2016 invested $238 million in 11 oil and gas companies, according to his federal financial filings, The Daily Caller News Foundation Investigative Group has learned.
Africa's Mining Industry Outlook 2017
2017-02-07T10:28:45.304255-05:00https://www.thetrustedinsight.com/investment-news/africas-mining-industry-outlook-2017-20170207217/
Africa contains an estimated 30 per cent of the world’s mineral resources. Natural resources have accounted for about 35 per cent of Africa's growth since 2000. Nonetheless, international investors and mining companies remain cautious, owing to Africa's never-ending challenges, including a lack of infrastructure, power and political instability, to name a few.
How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans
2017-02-06T14:52:29.703571-05:00https://www.thetrustedinsight.com/investment-news/how-jack-mas-acquisition-of-us-based-moneygram-could-be-good-for-africans-20170206187/
China’s richest man, Jack Ma, and his acquisition of U.S.-based money transfer firm MoneyGram show the importance of remittances as a powerful driver of economic change at both the individual and international level, according to the competition.
Fairfax Said To Raise About $500M For New Africa Fund
2017-02-06T13:51:06.651492-05:00https://www.thetrustedinsight.com/investment-news/fairfax-said-to-raise-about-500m-for-new-africa-fund-20170206180/
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter.
Home-Grown African Wealth Funds Seeking Foreign Partners To Fix Infrastructure Gap
2017-01-25T14:47:38.610439-05:00https://www.thetrustedinsight.com/investment-news/home-grown-african-wealth-funds-seeking-foreign-partners-to-fix-infrastructure-gap-20170125821/
<p>Africa, famously short of new roads, ports and power stations, is increasingly leaning on its own sovereign investment funds to help fix its infrastructure gap.</p>
<p>The funds - which have around $150 billion between them, according to research firm Preqin - are digging in themselves and offering co-investment opportunities and guarantees to attract foreign capital.</p>
Altamont Announces Several Promotions
2017-01-18T12:49:44.235879-05:00https://www.thetrustedinsight.com/investment-news/altamont-announces-several-promotions-20170118514/
Altamont Capital Partners has promoted Kristin Johnson and Alex Rolfe to managing director. The San Francisco-based middle-market private equity firm has upped Melissa Francis, Sam Gaynor and Kevin Mason to principal and Greg Corkran to vice president.
Dubai’s Abraaj Is Interested In Buying Barclays Africa Unit
2017-01-17T15:32:05.370466-05:00https://www.thetrustedinsight.com/investment-news/dubais-abraaj-is-interested-in-buying-barclays-africa-unit-20170117460/
<p>Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business, Chief Executive Officer Arif Naqvi said.</p>
<p>“It’s a very fine bank run by a very fine management team, and if the opportunity were to re-present itself, we would certainly be one of those that would be at the table,” Naqvi said in an interview at the World Economic Forum in Davos on Tuesday. The two companies aren’t currently in talks, he said.</p>
Former Africa Heads At Carlyle And KKR To Set Up Regional Investment Firm
2017-01-12T17:25:56.226769-05:00https://www.thetrustedinsight.com/investment-news/former-africa-heads-at-carlyle-and-kkr-to-set-up-regional-investment-firm-20170112381/
<p>The former regional heads for Africa at private equity giants KKR and Carlyle are setting up an investment firm, Arkana Partners, to target local equity investments of up to $100 million.</p>
<p>Kayode Akinola told Reuters on Wednesday that he was leaving KKR to join forces with Marlon Chigwende, who left his role as Africa chief at rival Carlyle in 2016, as private equity opportunities in Africa are often seen as too small for the buyout industry’s titans.</p>
African Billionaire Fortunes Decline On New Forbes List Of The Continent's Richest
2017-01-10T11:18:22.065075-05:00https://www.thetrustedinsight.com/investment-news/african-billionaire-fortunes-decline-on-new-forbes-list-of-the-continents-richest-20170110254/
The number of billionaires in Africa--and the size of their fortunes--continues to drop. On this year's list, FORBES is only including African billionaires living in Africa, instead of featuring Africa's 50 richest people. There are 21 billionaires on this year’s list, worth a combined $70 billion. On the November 2015 Africa Rich List, there were 23 African billionaires worth a combined $79.8 billion. That in turn was down from 28 African billionaires in 2014.
5 Things To Expect From African Tech Investing In 2017
2017-01-05T10:49:01.312567-05:00https://www.thetrustedinsight.com/investment-news/5-things-to-expect-from-african-tech-investing-in-2017-20170105133/
Another year, another milestone for the African technology space. With things developing at a rapid pace, it is hard to predict what will be the next big innovation in this exciting sector. Let’s have a go, in any case.
The Big Names That Shaped Africa’s Tech Ecosysyem In 2016
2017-01-03T11:17:42.940919-05:00https://www.thetrustedinsight.com/investment-news/the-big-names-that-shaped-africas-tech-ecosysyem-in-2016-20170103033/
Africa is increasingly establishing itself as a hotbed of tech innovation, and 2016 was packed with further progress. From Cairo to Cape Town, from major players to the smallest startups, African tech is developing at a startling pace. But what were the major developments on the tech scene over the course of 2016?
African Casino Billionaire Sol Kerzner To Build First US Hotel
2016-12-19T11:47:18.197114-05:00https://www.thetrustedinsight.com/investment-news/african-casino-billionaire-sol-kerzner-to-build-first-us-hotel-20161219635/
The 26-acre Atlantis Resorts in Hawaii will be similar to the over-the-top Atlantis The Palm Dubai, which has a water park, aquarium, dolphin encounter and more than 20 restaurants. South African-born hotel magnate Sol Kerzner developed some of the countryâs top hotel brands and helped put South African tourism on the map. Kerzner sold his stake in Kerzner International to a Dubai firm in 2014 but the company still bears his name. Other owners include investment banker Goldman Sachs and the L.A. investment firm Colony Capital.
VC Recap: Andreessen Center Of Lawsuit; Pitfalls Of Backing Late Stage VC
2016-12-09T11:45:05.240663-05:00https://www.thetrustedinsight.com/investment-news/vc-recap-7-20161209271/
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from the previous day. Here are the stories you may have missed:
Is Africa’s Growing Tech Hubs Sustainable?
2016-12-09T09:35:53.492126-05:00https://www.thetrustedinsight.com/investment-news/is-africas-growing-tech-hubs-sustainable-20161209269/
As the continent’s innovation hubs evolve, experts see their significance to African tech increasing. “The most important…role is that of catalysts. Ecosystems developing around technology need a catalyst,” said iHub co-founder Erik Hersman.
Finnish Private Equity Fund To Invest $100M In East, S. African Real Estate And Renewables
2016-12-08T12:21:43.405373-05:00https://www.thetrustedinsight.com/investment-news/finnish-private-equity-fund-to-invest-100m-in-east-s-african-real-estate-and-renewables-20161208228/
Finnish private equity fund and financial services group Taaleri Plc plans to invest Sh10 billion ($100 million) in East and South African real estate projects. Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market.<br />
The two companies are exploring more investment opportunities in both real estate and renewable energy sectors.
Nigeria And Morocco Wealth Funds Plan Natural Gas Pipeline To Europe
2016-12-07T12:43:54.080797-05:00https://www.thetrustedinsight.com/investment-news/nigeria-and-morocco-wealth-funds-plan-natural-gas-pipeline-to-europe-20161207156/
<p>Nigeria has signed a deal with Morocco to construct Trans-African gas pipeline that will connect the continent’s largest oil producer to Europe’s lucrative gas market. The 4,000 kilometer-long pipeline, to be funded by the Nigeria Sovereign Investment Authority and Ithmar Capital, a Moroccan sovereign wealth fund.</p>
The Growing Real Estate Market At The Foot Of Mount Kenya
2016-12-05T12:15:09.359385-05:00https://www.thetrustedinsight.com/investment-news/the-growing-real-estate-market-at-the-foot-of-mount-kenya-20161205023/
At 17,057 feet, Mount Kenya gets less attention than its taller counterpart, Mount Kilimanjaro, but Africaâs second-highest mountain offers everything its bigger neighbor does, and then some. The area around the foothills is emerging as a hot spot for residential and commercial real estate. The focus of Mount Kenya Wildlife Estate is the wildlife, with houses clustered around waterholes and salt licks, and views of the Mount Kenya. The development consists of 100 holiday homes on 1,000 acres. Most houses have sold for $330,000 each.
Zimbabwe’s Cash Crisis Is An Opportunity For Real Estate Investors
2016-12-05T12:10:08.722596-05:00https://www.thetrustedinsight.com/investment-news/zimbabwes-cash-crisis-is-an-opportunity-for-real-estate-investors-20161205022/
The Zimbabwean diaspora has a significant interest in property investment in their home country. Although agricultural land is typically state-owned, and rural land communally owned, urban land in Zimbabwe is held under freehold title, and deeds are registered. There are rights to ownership of urban land, and interest and potential for investment in urban land in Zimbabwe. Continued interest in the diaspora has seen increased demand for small-scale, affordable housing in low- and high-density areas.
Africa Energy Acquires Interest In Offshore Namibia Block
2016-11-29T17:50:10.319541-05:00https://www.thetrustedinsight.com/investment-news/africa-energy-acquires-interest-in-offshore-namibia-block-20161129846/
Africa Energy Corp. (TSX VENTURE:AFE)("Africa Energy" or the "Company") is pleased to announce that it has entered into a farmout agreement (the "Farmout Agreement") with a subsidiary of Pancontinental Oil & Gas N.L.
Africa Could Become Fertile Ground For New Energy Investment
2016-11-29T17:41:12.319003-05:00https://www.thetrustedinsight.com/investment-news/africa-could-become-fertile-ground-for-new-energy-investment-20161129842/
Africa wants to become fertile ground for new energy investment -- investments that would help electrify parts of the continent and make it ripe for news businesses and new jobs.
Appetite For Private Equity In East Africa
2016-11-17T09:50:09.394988-05:00https://www.thetrustedinsight.com/investment-news/appetite-for-private-equity-in-east-africa-20161117391/
Recent findings by the African Private Equity and Venture Capital Association shows that East Africa accounted for 18 per cent of the total number of private equity deals in Africa, totalling $1.4 billion between 2010 and the first half of 2016. Joining CNBC Africa to discuss the appetite for private equity deals in East Africa are; Ponmile Osibo, Manager for Research and Training at the African Private Equity and Venture Capital Association and Christoph Evard, Partner at Kibo Capital.
Smaller Deals In Focus As Big Private Equity Fades In Africa
2016-11-15T12:57:58.362035-05:00https://www.thetrustedinsight.com/investment-news/smaller-deals-in-focus-as-big-private-equity-fades-in-africa-20161115258/
But as times have got tougher for investors, small and midsize businesses like Food Lover's Market are making up the bulk of deals on the continent.
IFC Targets African Logistics Firm With $65M Investment
2016-11-14T18:30:13.265129-05:00https://www.thetrustedinsight.com/investment-news/ifc-targets-african-logistics-firm-with-65m-investment-20161114226/
The World Bankâs investment arm, International Finance Corporation, is seeking to buy a Sh1 billion stake in commercial property company, Africa Logistics Properties (ALP).
South African Pension Fund Seeks Central Bank Approval To Increase Barclays Africa Stake
2016-11-07T13:36:49.352625-05:00https://www.thetrustedinsight.com/investment-news/south-african-pension-fund-seeks-central-bank-approval-to-increase-barclays-africa-stake-20161107891/
Africa's biggest pension fund, Public Investment Corporation, has sought approval from South Africa's central bank to raise its stake in Barclays Africa , two sources with direct knowledge of the matter said.
KKR Adds Former Advent Partner To London Office
2016-11-01T11:58:21.711866-04:00https://www.thetrustedinsight.com/investment-news/kkr-adds-former-advent-partner-to-london-office-20161101595/
KKR today announced the appointment of Timothy R. Franks as a Member in its London office as of 1 February 2017. Timothy will lead coverage of the Consumer & Retail industries in Europe, Africa and Middle East as a member of the Private Equity team, will support UK coverage and will sit on the European Private Equity Investment Committee.
Nigeria's FEC Approves Fund For Mining Exploration
2016-10-24T15:14:21.859248-04:00https://www.thetrustedinsight.com/investment-news/nigerias-fec-approves-fund-for-mining-exploration-20161024149/
The federal executive council has formally ratified the anticipatory approval of 30 billion naira intervention fund for the mining sector by president Muhammadu buhari in furtherance of his commitment to the diversification of the nation's revenue base. The minister of mines and steel development Dr Kayode Fayemi who announced this while briefing journalists after the councils meeting said the money will be accessed from the natural resource development fund. The council also takes a critical decision on the development of Nigerian railways.
As Prices Plunge, Africa Surges Into Solar Energy
2016-10-20T15:35:07.094114-04:00https://www.thetrustedinsight.com/investment-news/as-prices-plunge-africa-surges-into-solar-energy-20161020976/
Until almost two years ago, James Mbugua, a farmer living in Karai, a village on the outskirts of Kenya's capital, relied on kerosene to light his house, and a car battery to power his television so he wouldn't miss the news.
ICD And Gabon To Launch SME-focused Private Equity Fund
2016-10-20T12:39:58.883465-04:00https://www.thetrustedinsight.com/investment-news/icd-and-gabon-to-launch-sme-focused-private-equity-fund-20161020938/
The Islamic Corporation for the Development of the Private Sector (ICD) and the Deposit and Consignments Fund (DCF) of Gabon signed a Memorandum of Understanding (MoU) to launch a private equity fund for SMEs in Gabon and Central Africa
Why It Was Easier For This African Startup To Raise $1M Than $50,000
2016-10-18T15:06:39.362079-04:00https://www.thetrustedinsight.com/investment-news/why-it-was-easier-for-this-african-startup-to-raise-1m-than-50000-20161018802/
In case you haven't, "social proof" is a shortcut that investors often use to make decisions. If an investor asks for a "lead investor" to have validation that someone else likes the company, they're asking for social proof. Here's a real story of a founder who learned the importance of social proof -- and who learned the hard way that if you understand how social proof works, you can be more successful in fundraising.
Y Combinator Exploring Nigeria's Venture Capital Potential
2016-10-12T10:14:19.136801-04:00https://www.thetrustedinsight.com/investment-news/y-combinator-exploring-nigerias-venture-capital-potential-20161012459/
But a number of VC investors are looking specifically to Nigeria’s commercial capital — a city of more than 20m people — as the next big emerging market, and exploring investments and links with local entrepreneurs and their start-ups.
10 Most Important Reads Of The Week - Oct 3, 2016
2016-10-07T14:13:08.716491-04:00https://www.thetrustedinsight.com/investment-news/10-most-important-reads-of-the-week-oct-3-2016-20161007308/
It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.
Kenya’s ARM Cement Raises $140M Equity Financing From The CDC Group
2016-10-06T16:15:10.746779-04:00https://www.thetrustedinsight.com/investment-news/kenyas-arm-cement-raises-140m-equity-financing-from-the-cdc-group-20161006296/
Kenya’s ARM Cement, formerly Athi River Mining Ltd, has raised $140 million led by the CDC Group (CDC), to meet the growing demand of housing and construction in East Africa’s largest economy.
UK Investors Eye Renewable Energy Deals In East Africa
2016-10-06T16:05:07.780261-04:00https://www.thetrustedinsight.com/investment-news/uk-investors-eye-renewable-energy-deals-in-east-africa-20161006294/
Kenya has one of the most active renewable energy sectors in Africa, and the UK is a global leader in many of the sectors for which Kenya has greatest demand.
Och’s Africa Role Poses Ethics Questions To Investors
2016-10-04T12:50:17.314845-04:00https://www.thetrustedinsight.com/investment-news/ochs-africa-role-poses-ethics-questions-to-investors-20161004127/
As the hedge fund industry suffers outflows from clients frustrated with lackluster returns, Och-Ziff Capital Management Group LLC faces an added burden. It will have to get clients to stay after a five-year probe revealed widespread bribery at one of its units and singled out Och, its chief executive officer, for approving some of the offending investments over the objections of his legal team.
Hedge Fund Och-Ziff Reaches $412M Settlement With US DoJ And SEC
2016-09-30T10:25:33.587978-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-och-ziff-reaches-412m-settlement-with-us-doj-and-sec-20160930969/
Och-Ziff Capital Management is to pay $412 million to settle US Department of Justice (DoJ) and Securities Exchange Commission (SEC) charges relating its private investment business in Africa and a 2007 investment by the Libyan Investment Authority.
Private Equity Firms Capitalise On Demand For Healthcare In Africa
2016-09-26T15:53:41.219307-04:00https://www.thetrustedinsight.com/investment-news/private-equity-firms-capitalise-on-demand-for-healthcare-in-africa-20160926742/
<p>The pressure is on local institutions as four drop in the rankings while the University of the Witwatersrand features in the top 200 in the World University Rankings 2016-17</p>
Africa Investment Heats Up As Pension Funds Stay Local
2016-09-26T11:32:18.488843-04:00https://www.thetrustedinsight.com/investment-news/africa-investment-heats-up-as-pension-funds-stay-local-20160926710/
African private equity is having its moment in the sun, with pension funds on the continent ready to invest in their own backyard as investment banks continue to retreat from lending and domestic strategies mature.
NIC Fund Invests In Renewable Energy Tech Startup
2016-09-21T11:30:14.358457-04:00https://www.thetrustedinsight.com/investment-news/nic-fund-invests-in-renewable-energy-tech-startup-20160921493/
Jessica O. Matthews is only the 13th black female founder to raise more than $1 million in outside funding.
Private Equity Firm Creates $50M Fund To Invest In West Africa
2016-09-16T12:10:09.519870-04:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-creates-50m-fund-to-invest-in-west-africa-20160916280/
About 15 Small and Medium scale Enterprises (SMEs) in Ghana and Ivory Coast are expected to benefit from a 50 million dollar fund by private equity firm Oasis Capital.
Private Equity In Africa Loses Its Shine
2016-09-16T11:18:47.599691-04:00https://www.thetrustedinsight.com/investment-news/private-equity-in-africa-loses-its-shine-20160916263/
Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy.
Africa Is Still One Of The World's Most Attractive Markets For Private Equity
2016-09-15T10:45:14.272310-04:00https://www.thetrustedinsight.com/investment-news/africa-is-still-one-of-the-worlds-most-attractive-markets-for-private-equity-20160915191/
With Too Many Players Chasing the Same Kinds of Deals, Funds Need to Consider More Flexible Investment Strategies and a Wider Range of Targets to Deliver the High Returns That Investors Expect, a New BCG Report Finds
Ex-Barclays Chief Diamond Remains In Africa Hunt Despite Carlyle Exit
2016-09-13T17:47:59.359079-04:00https://www.thetrustedinsight.com/investment-news/ex-barclays-chief-diamond-remains-in-africa-hunt-despite-carlyle-exit-20160913082/
A consortium including former Barclays chief Bob Diamond remains in the hunt to buy a stake in the British lender’s African business, sources with knowledge of the matter said on Tuesday, despite the withdrawal of Carlyle Group.
Funding For African Tech Startups Is Snowballing In 2016
2016-09-13T14:40:46.399299-04:00https://www.thetrustedinsight.com/investment-news/funding-for-african-tech-startups-is-snowballing-in-2016-20160913057/
The African tech space continues to buck the continental trend, clocking up an increase in funding as other sectors face less certain economic times.