News
June 2010
Africa's Growth Story
McKinsey | June 2010
A series of articles focused on Africa. Agricultural real GDP growth has been 12% per annum in Africa in recent years.
"The key reasons behind this growth surge included government action to end armed conflicts, improve macroeconomic conditions, and undertake microeconomic reforms to create a better business climate. Next, Africa's economies grew healthier as governments reduced the average inflation rate from 22 percent in the 1990s to 8 percent after 2000. They trimmed their foreign debt by one-quarter and shrunk their budget deficits by two-thirds. Finally, African governments increasingly adopted policies to energize markets. They privatized state-owned enterprises, increased the openness of trade, lowered corporate taxes, strengthened regulatory and legal systems, and provided critical physical and social infrastructure."
"The region has the resources both to feed its growing population and to meet the world's burgeoning demand for food and other agricultural products. In sub-Saharan Africa, demand for food is expected to reach $100 billion by 2015, double the levels in 2000. Moving forward,
appropriate investments in agricultural skills and infrastructure-for example, irrigation-could prompt a green revolution in sub-Saharan Africa."
"While more than one-quarter of the world's arable land lies in this continent, it generates only 10 percent of global agricultural output."
Link to articles
June 20 2010
Sir Bob warns pensions may miss out on Africa
Financial Times | June 2010
Sir Bob Geldof has warned UK pension funds they are missing out on the “last great investment opportunity left” by not placing money in Africa. Sir Bob, who has campaigned on Africa for the past 25 years, made the remarks at an event organised by CDC, a government backed institution that makes private equity investments in sub-Saharan Africa.
He said investors had five to 10 years left to grab the best opportunities, many of which were being snapped up by Chinese investors. Asked specifically about UK pension funds, he said they were “behind the curve. There are pension funds around the world that have got stuck into this.
Link to article
April 6, 2009
SilverStreet Capital Focuses on African and Agricultural Investments
SilverStreet Capital LLP announced that it will focus on investing in Africa and agricultural businesses going forward.
SilverStreet’s focus on agriculture and Africa is based upon the Partners’ assessment of the substantial investment opportunities present in these two areas and, the firm’s ability to provide institutional investors with access to investment opportunities in these areas.
(download pdf 66kb)
April 23, 2007
SilverStreet Capital Launches with over $500 Million
New fund of hedge fund management group SilverStreet Capital has received FSA approval and has been awarded a mandate of over $500 million from a European institution.
(download pdf 58kb)
April 2, 2007
SilverStreet Capital receives FSA Authorisation
(download pdf 55kb)
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