Diverse insights into Africa 2018

With our diverse client base and strong African roots, RisCura has a well-placed view on investment in Africa. Bright Africa is our research resource that seeks to answer key investor questions by providing insight into the drivers, enablers and managers of investment on the continent.

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Investment in Africa

While investor interest is reinforced for high growth-rate regions like Maghreb, East Africa, Ghana and Francophone West Africa, there are low growth-rate concerns for Nigeria, South Africa, Southern Africa (ex SA) and Central Africa

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Segmenting Africa into meaningful markets

RisCura has identified meaningful regions in Africa by analysing synergies, attractions, flaws, cultural differences and business practices.

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How Africa’s regions compare

Investor interest is reinforced for high growth-rate regions like Maghreb, East Africa, Ghana and Francophone West Africa.

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Africa’s links to the globe: imports

The most economical way to get goods to Africa is by sea, so for most regions the shortest oceanic voyage becomes the preferred route.

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Pension systems in Africa

Africa’s $372bn pension fund industry will need to address key issues so that it can provide adequate retirement savings channels and effectively contribute to the continent’s sustainable development.

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Key issues

African pension systems will need to adapt to address the continent’s growing pension needs and cater for informal savers.

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Africa’s pension fund assets

Relatively small when compared globally, Africa’s pension assets have a large country bias and disparate asset allocation.

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Listed equity

After a turbulent few years, the continent’s listed equity markets are in recovery, but challenges such as largely illiquid stock markets and high trading costs still hamper Africa’s investability.

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Investability of Africa’s listed markets

Find out what challenges Africa’s listed markets face.

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Africa's listed equity performance

Late 2016 marked the start of Africa’s equity recovery, with Kenya leading the pack and Nigeria still lagging.

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Common investor access

While telecoms, materials and real estate exposure grew, Africa has not followed global trends of expansion of the listed information technology sector.

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Private equity in Africa

Private equity in Africa has seen improved market conditions, increased deal activity and significant improvements in private equity multiples.

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Market conditions

A significant upward trend in listed multiples show renewed interest in African investment opportunities.

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Africa’s private equity transactions

Private equity transactions in Africa are up 7% with increased deal activity in East Africa and an increase in internet service providers.

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Private equity multiples in Africa

In 2017 private equity multiples saw significant improvement due to several factors influencing the pricing of private equity.

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