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International news for investors

Imara Investing in Africa reports on the latest investment news across the globe.

IFC investment in Africa hits USD 4,5bn

Of the USD 25bn of its world investment portfolio, the International Finance Corporation, a member of the World Bank Group focused on private sector development, says Africa accounts for USD 4,5bn of the amount.

Liberia is one of the countries in SSA benefiting hugely from IFC interventions. But as indicated by IFC’s Resident Representative, Frank Ajilore, their expectations for Liberia have not panned out as they wished or envisaged. “Our investment has not been as we expect it to be,” said Ajilore at a news conference on Wednesday, 18 June, and stated the reasons as the lack of a conducive environment as “Liberia is just coming out of a conflict situation.”

Download the full report IAS Africa Rising 24 June 2014 in PDF format.

SSA dominates list for most attractive investment destinations

Fresh from having its GDP rebased, increasing it by 89% to USD 510bn, Nigeria has also emerged as the frontier-market economy that is attracting the most attention from American and European multinationals.

The “Frontier Markets Sentiment Index”, created exclusively for the Wall Street Journal by Washington DC-based advisory firm Frontier Strategy Group (FSG), tracks the level of interest shown by major European and American multinational companies in countries across the frontier markets world. The index is based on information collected from FSG’s roughly 200 multinational clients, which include companies such as Coca-Cola, General Electric, Novartis, Dell and Akzo Nobel. “We collect data about which countries the companies are watching for potential future investment. Over time, that gives us a clear picture of their market priorities — which countries are they including in their future plans and which they are dropping,” said Matt Lasov, FSG’s global head of advisory and analytics, as he explained how the index works.

Download the full report IAS Africa Rising 25 June 2014 in PDF format.

Norway’s USD 880bn SWF to target frontier markets

Norway’s USD 880bn sovereign wealth fund, the world’s largest, will expand its scope of investments to target “frontier markets” and add more currencies to generate higher returns. These include countries such as Nigeria, Argentina, Ukraine and Kazakhstan, according to MSCI Inc. The MSCI Frontier Market Index is up 16% this year compared with a 5% gain for the MSCI World Index of developed market shares. Nigerian equities made up 20% of the MSCI FM index as of June 2014.

Download the full report IAS Africa Rising 27 June 2014 in PDF format.

Imara Investing in Africa

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