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New UK fund homes in on African sovereign and corporate debt

New UK fund homes in on African sovereign and corporate debt

A London-based investment manager with a Sigma instead of an Epsilon for a logo, Enko Capital this week announced the launch of its Enko Africa Debt Fund, with an initial US$200 million in assets under management.

Alain Nkontchou, Managing Partner of Enko Capital said, “We are pleased to broaden our Africa-focused investment strategies to include a new debt fund which will give our investors an opportunity to capture value embedded within the African fixed income landscape. The launch of the debt fund leads Enko Capital Group closer to its ambition of becoming the leading pan-African asset manager.”

Enko stated that the new fund will invest in both hard currency and local currency African debt instruments.

Enko Capital targets investments across Africa through three distinct platforms: Private Equity; Listed Equity and Fixed Income.

Under its Fixed Income leg, Namibian debt instruments listed in Windhoek and Johannesburg are prime investment opportunities.

“The Enko Africa Debt Fund will invest solely in fixed income securities issued by corporates and sovereigns, denominated in local and hard currencies across Africa” Enko said.

The fund’s strategy is to provide non-African investors exposure to Africa’s relatively high fixed income yields.

Enko Capital Group currently manages the Enko Opportunity Growth Fund (EOGF) and the Enko Africa Private Equity Fund (EAPF).

The EAPEF is a private equity fund focusing on mid-tier companies that are suitable for listing on local stock exchanges within a few years from investment.

The EOGF is an open-ended fund designed to provide investors with exposure to the best growth opportunities offered within African equity markets.

Enko stated it runs offices in London and Johannesburg and is regulated by the Financial Conduct Authority in the UK and the Financial Services Board in South Africa.

About The Author

Daniel Steinmann

Brief CV of Daniel Steinmann. Born 24 February 1961, Johannesburg. Educated at the University of Pretoria: BA, BA(hons), BD. Postgraduate degrees are in Philosophy and Divinity. Editor of the Namibia Economist since 1991. Daniel Steinmann has steered the Economist as editor for the past 29 years. The newspaper started as a monthly free-sheet, then moved to a weekly paper edition (1996 to 2016), and on 01 December 2016 to a daily digital newspaper at His editorial focus is on economic analysis based on budget analysis, dissecting strategic planning and assessing the impact of policy formulation. For eight years, he hosted a weekly talk-show on NBC Radio, explaining complex economic concepts to a lay audience in a relaxed, conversational manner. He was a founding member of the Editors' Forum of Namibia. Over the years, he has mentored scores of journalism students as interns and as young professional journalists. He often assists economics students, both graduate and post-graduate, to prepare for examinations and moderator reviews. He is the Namibian respondent for the World Economic Survey conducted every quarter for the Ifo Center for Business Cycle Analysis and Surveys at the University of Munich in Germany. He is frequently consulted by NGOs and international analysts on local economic trends and developments. Send comments to [email protected]

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