The new fund will be domiciled in Mauritius, where Bramer is also headquartered, and will invest in local currency fixed income opportunities across emerging Africa.
Silk Invest, which is an emerging market bond specialist, said Bramer’s local knowledge will help it to reach deeper into the East African and Mauritius investor markets where the fund will be sold.
The companies said they believe “2014 will be the year of Africa’s bond market”, and predict “significant flows into this maturing asset class”.
Bramer Asset Management is part of British American Investment group. With its headquarters in Mauritius, it has presence in Kenya, Mozambique, Madagascar, Botswana and Malta.
