Tensions have mounted between investors and the Kenyan government as the recent sale of the October Treasury bond fell significantly short of expectations. The government aimed to raise Sh35 billion but only managed to secure Sh6.3 billion, representing less than 20 percent of the target. Investors appear to be seeking higher returns and more attractive […]
South Korea’s financial watchdog is pursuing the imposition of unprecedented fines on two international investment banks for their alleged “routine and intentional” involvement in naked short-selling, a practice prohibited in the country. The Financial Supervisory Service (FSS) disclosed that the Hong Kong-based units of these banks engaged in naked short sales of multiple securities between […]
GenAfrica Asset Manager has surged ahead of the National Social Security Fund (NSSF) in portfolio size, marking a historic shift in the financial landscape. This development, as per data from the Retirement Benefits Authority (RBA), is the first time a private fund manager has outpaced the state-owned NSSF in nearly seven years. As of the […]
Egypt is set to borrow at least $1.5 billion before the end of this year, according to Finance Minister Mohamed Maait. This borrowing will predominantly occur through the utilization of Asian capital markets, with debt issuance guaranteed by development institutions. Key aspects of the borrowing plan involve the issuance of $500 million in Egypt’s debut […]
Stock prices experienced a decline while Treasury yields surged, as new data heightened speculation that the Federal Reserve is far from declaring victory over inflation. This has led to increased bets on another interest rate hike, effectively bringing them back into coinflip territory. The S&P 500 halted a four-day winning streak, and bank shares notably […]
The Kenyan fixed-income market, a crucial component of the capital market, faced a challenging year in 2022, despite some notable positive developments. The Central Bank of Kenya’s Financial Sector Report for September 2023 highlights the dynamics within the fixed income segment, which remained subdued as various factors impacted its performance. One of the noteworthy positive […]
In the aftermath of the meme stock frenzy, European fund managers and banks are hurrying to brace themselves for sweeping reforms in the US securities market, with potential consequences for global trading. The urgency stems from a groundbreaking US initiative to reduce the settlement window for share and bond deals from two days to just […]
South African private equity firm Harith General Partners has confirmed its acquisition of a substantial 46% stake in its larger counterpart, Mergence Investment Managers. The deal is set to facilitate the pooling of their formidable combined assets, totaling a whopping 59 billion South African rand, equivalent to $3.1 billion, to support crucial infrastructure projects and […]
Global hedge fund firms are raising concerns over China’s proposed new regulations for the sector, arguing that these measures could significantly raise costs and undermine competitiveness in the $822 billion market, equivalent to 6 trillion yuan. The draft regulations, issued by the Asset Management Association of China (AMAC) in April, mandate that quantitative hedge funds […]
Africa’s longstanding early-stage investment leader, Baobab Network, is poised to significantly amplify its dedication to the African continent. The commitment involves investing in a staggering 1000 African tech companies over the next decade, accompanied by a substantial increase in their funding threshold, doubling the ticket size from $50,000 to an impressive $100,000 for recipient companies. […]
The Kenya Revenue Authority (KRA) has recorded a stunning 256.7 % increase in tax collections at Kisumu Port for the...
In a dramatic turn of events at the Asia‑Pacific Economic Cooperation (APEC) summit in Busan, South Korea, U.S. President Donald...
South Africa’s long-running conversation about preparing young people for the digital economy has moved decisively from pilots to national scale....
The dynamics of equity trading at the Nairobi Securities Exchange (NSE) are undergoing a significant transformation. Foreign investor activity has...
