News
SDG News
Truestone
19 August 2011
IM Truestone Global Impact Fund - A fund of impact funds which offers a structured portfolio of investments from healthcare in Africa to social housing in the UK commit $2.5 million to SDG.
Established in 1986 Truestone are FSA registered and SIPs compliant.
Lundin for Africa
13 April 2011
Lundin for Africa based in Canada has received approval for USD $2m investment in SDG.
Founded in 2005, Lundin for Africa (LFA) supports innovative, high-impact initiatives that enable sustainable agricultural livelihoods and support SME development across sub-Saharan Africa through a mixture of grants and impact investments.
http://www.lundinforafrica.org/s/Home.asp
African Banker
February 2011
Peter Hinton featured in African Banking Article; "Vast profits await investors in Africa's Missing Middle"
Read the full article
The Africa Development Bank
27 September 2010
The African Development Bank (AfDB) Group Board of Directors, approved a USD 25 million equity investment to support Summit Development Group.
Read the full press release
General News
African banking systems poised for a surge
August 2011
Economist Intelligence Unit publish - "Banking in Sub-Saharan Africa to 2020: Promising frontiers August 2011"
Read the report
"At the tipping point: Financial services in Africa comes of age"
June 2011
In 2011 Accenture publish '"At the tipping point: Financial services in Africa comes of age:
How financial institutions can capitalise on the growth opportunities in Africa"
"The growth potential in Africa is tremendous - and many of the long term barriers to growth are receding. As a result, the financial services sector in Africa now offers banks and insurers an unparalleled opportunity to participate in a growth story that goes beyond profits.....The decisions that companies take now with regard to Africa will shape their future ability to participate in the continent's rapid expansion over the coming years. Given the relatively short window of opportunity for entry, we believe this is an opportunity that international financial services businesses should consider as a matter of urgency."
To read the full report on the Accenture website go to:
Read the report
McKinsey & Company
Oct 2010
"Two trillion and counting: Assessing the credit gap for micro, small, and medium-size enterprises in the developing world."
Read the report