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Mazi Visio Offshore posts 3.54 per cent return in January

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Mazi Visio Offshore was South Africa Alpha Capital Management’s best performing portfolio in January 2010 with a return of 3.54 per cent.

The fund has returned 21.66 per cent since inception.

Also posting positive returns in January were 36One Offshore (0.62 per cent), Tantalum Offshore (0.30 per cent), Big Rock Offshore (0.84 per cent) and Laurium Offshore (0.30 per cent).

However, Abante Offshore, Fairtree Offshore and Fairtree L/S Offshore fell 5.62 per cent, 3.29 per cent and 2.15 per cent respectively.

Some of the key news items that occurred in the region included Algerian authorities launching an investigation into the alleged corrupt chief executive officer, Mohamed Meziane, of the state owned oil firm giant Sonatrach.

According to South Africa Alpha Capital Management, Ethiopia launched the largest of its kind hydro-power plant scheme raising hopes to the country’s aim of self-sufficiency and becoming a net seller of power in the future.

Kenya’s authorities are attempting to speed up privatization by selling 51 per cent stakes in five state owned sugar companies.

A growing move towards renewable energy sources in Africa has boasted the African wind turbine market to over USD148.4m in 2008.

Nestle has reopened its factory in Zimbabwe following a month long closure after receiving assurances from the government that it will not interfere with its operations.

Africa witnessed a tourism boom in 2009, while the tourism industry suffered a general decline in other countries, according to the UN World Tourism Organization.

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