Africa-based Silk Invest has teamed up with Mauritius-based Bramer Asset Management to launch an Emerging Africa Bond Fund.
The move comes as the firm continues to expand its investment activities across the African continent.
The new fund will be domiciled in Mauritius and will invest in local currency fixed income opportunities across emerging Africa.
The partnership will enable Silk Invest to expand into the Mauritius and East African investor markets.
Through this deal, Bramer will enter into Silk Invest’s specialist capabilities of managing local currency fixed income.
Both the companies said they believe 2014 will be the year of Africa’s bond market, and predict significant flows into this maturing asset class.
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By GlobalDataBramer Asset Management is part of British American Investment group and also has presence in Kenya, Mozambique, Madagascar, Botswana and Malta.