Overview
PME African Infrastructure’s investment objective was to achieve significant total return to investors through investing in infrastructure projects and related opportunities across a range of countries in sub-Saharan Africa. The main investment focus lay within existing or greenfield projects in Angola, Botswana, the Democratic Republic of Congo, Ethiopia, Ghana, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zambia.
PME Africa’s mandate allowed it to invest in the transportation, telecommunications, energy, water and sanitation, and infrastructure-related real estate sectors. Where appropriate, it may have engaged in public-private partnerships.
However, since May 2012, the company has been selling its investments and returning the proceeds to shareholders.
News
-
17 Dec 2019 1 min read
QuotedData’s other news 17 December 2019
In QuotedData’s other news 17 December 2019 Tritax Big Box REIT has reached an agreement to extend the termination date in respect of GBP300 million of its GBP350 million unsecured revolving credit facility, from 10 December 2023 to 10 December 2024. The maturity date of the residual GBP50 million will remain 10 December 2023. This extends the company’s […]
-
29 Nov 2019 1 min read
QuotedData’s other news 29 November 2019
In QuotedData’s other news 29 November 2019 PME Africa has increased its loan from Optas Gmbh from €400,000 to €600,000 while it tries to free up cash at its account in Tanzania. EIH says it has consulted its shareholders and a vast majority are in favour of de-listing its shares in the interests of saving money. […]
-
16 Sep 2019 1 min read
QuotedData’s other news 16 September 2019
In QuotedData’s other news 16 September 2019 – GCP Student announced confirmation from FTSE Russell that the company will be added to the FTSE 250 Index from 18 September 2019. AVI Japan Opportunity.released its first interim report since its launch in October 2018. In the few months since launch until the 30 June 2019, its NAV per […]
-
10 May 2019 2 min read
QuotedData’s other news 10 May 2019
Law Debenture will shift from the AIC’s global sector to the UK Equity Income sector. This forms part of a review of sectors by the AIC which we will tell you more about later. PME Africa’s results show its NAV falling to 15 cents from 21 cents – the fund had assets of just $3.7m […]
-
21 Apr 2016 1 min read
Top ten risers and fallers in March
http://view.ceros.com/citywire/it-insider-april-2016/p/21 Investors appeared to have a greater appetite for risk during March, with trusts which have invested in Brazil, Latin America, and Russia all featuring in the top 10 risers.
-
22 Jul 2015 1 min read
The Investment Trust winners and losers in Q2
UK smaller companies funds feature quite prevalently in the lists on the back of a decisive election result in the UK and some funds close to the end of their lives made significant progress during the quarter for stock specific reasons. http://whichinvestmenttrust.com/the-investment-trust-winners-and-losers-in-q2/
-
20 Jul 2015 1 min read
UK smaller companies trusts dominate Q2 best-performers
UK small-caps has emerged as the stand-out sector for investment trusts in Q2 2015, according to statistics from QuotedData. The report, published 16 June, showed that UK smaller companies-focused mandates accounted for the majority of best-performing funds in NAV terms for the quarter. http://www.portfolio-adviser.com/news/1023811/uk-companies-trusts-dominate-q2-performers
-
16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
-
05 Jun 2015 2 min read
PME Africa disposal completed
PME African Infrastructure has published results for the year ended 31 December 2014 which is quite a while ago now. For what it’s worth the net asset value fell from 46 cents to 24 cents over 2014. since the year end the company has sold its largest asset, Sheltam Holdings, for $11.5m. The deal completed […]
-
17 Apr 2015 1 min read
PME Africa NAV halves on sale of train business
PME Africa is selling its train business to Principle Capital Investments (which some people might remember as it used to have a listed fund). PME Africa is selling 100% of the equity of PME’s wholly owned subsidiary, PME RSACO (Mauritius) Limited, the Group entity which holds the Group’s 50% interest in Sheltam Holdings (Pty) Ltd, […]
-
25 Sep 2014 1 min read
PME Africa signals delay to portfolio sales
PMEA : PME Africa signals delay to portfolio sales PME Africa has reported an unchanged NAV for the half year to 30 June 2014 of $046. As shareholders rejected its proposal to become a rail transport company, PME Africa is focused on managing its remaining assets and finding buyers for them. The property they own […]
-
26 Jun 2014 1 min read
PME Africa : PMEA – results and acquisition
PME Africa has published its results for the year ended 31 December 2013 and has also announced that it intends to make a transformative deal that would result in it becoming a trading company. Over 2013 PMEA’s net asset value rose to $0.46 from $0.39. It bought back a quarter of its share capital at […]
