In a move by black-owned and successful manager Aluwani Capital Partners to solidify their standing as one of the top biggest black-owned asset managers, it acquired fixed income asset management specialist Afena Capital in a undisclosed amount .
Sibusiso and his team view's of the aquisition is to peel off the view that Aluwani is black owned company, they are elevating it to other mid-tier asset managers like Sasfin, PSG , Cadiz and others.

Afena Capital was running the R40 million Afena Money Market Fund , which maybe folded into either Aluwani High Yield Fund or Aluwani Enhanced Yield Fund .

Aluwani traces its roots from a transaction Momentum Investment management buyout of institutional funds, we can trace that transaction to the fact that unit trust fund Momentum Top 25 Fund is lately called Aluwani Top 25 Fund.
One of the management buyout transaction I can think of is the birth of Syngia from African Harvest Fund Managers .