News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
Jacana, a UK-based group that supports emerging SME private equity firms in Africa, has launched its second investment, a strategic partnership with Ghanaian fund manager Fidelity Capital Partners Limited.
Two African stock exchanges are among leaders in requesting companies to report on Environmental, Social and Governance (ESG) issues. South Africa’s JSE Ltd this year became the first exchange in the world to require listed companies to move towards integrated reporting which includes ESG reports along with profit figures. The Egyptian Exchange, Brazil, China, Indonesia and Malaysia are other exchanges discussing with the United Nations Principles for Responsible Investment initiative through its sustainable stock exchanges dialogue.
Impact investing represents big shift for Africa, as highlighted at this week’s Social Capital 09 conference in San Francisco.