Managers of Wealth Africa

South Africa rejects brickbats thrown at Brics development bank

The five emerging economies that make up the Brics grouping have come out on the offensive against criticism of their proposed new development bank

Societe Generale in Tunisia mandated by RBC Investor & Treasury Services

SGSS has been providing securities services in Tunisia, through the Union Internationale de Banques (UIB), a subsidiary of Societe Generale group, since June 2013.

Nigeria: FG to raise $10bn for Wholesale Devt Bank

The Federal Government is targeting $10billion capital base for the proposed Wholesale Development Bank of Nigeria.

Kenya turns to capital markets to fund mega projects

We need $48 billion (Sh4.272 trillion) to fund energy and infrastructure projects

More African companies seek listings

Most analysts believe this is likely to play out on a regional basis, with Nigeria, Africa’s most populous nation and its top oil producer, the standout in west Africa, and Kenya, the dominant east African economy, likely to serve that region of the

Standard Bank receives African innovation recognition

A panel of experts, encompassing senior editorial staff from The Banker magazine as well as executives from a range of Africa-focused advisory firms and investment companies were also judges of the award.

Investors face a long wait for Abil resolution

Shareholders in suspended African Bank Investments Limited will have to wait a while before they know if they will recoup any of their investment.

ADB, Ghana Int. Bank sign US$30 million deal

He revealed the existence of a healthy pipeline of transactions to be funded and noted

European Investment Bank backs large West African solar project

Once operational, the new solar plant will significantly increase power generation in Burkina Faso.

Exim Bank Reauthorization Critical for U.S.-Africa Business

The US Export-Import (ExIm) Bank has become the latest political football in Washington, as Democrats and Republicans argue over its value to the American economy.

African Bank IPO Set for February as ‘Good Assets’ Saved

An initial public offering is planned for the second half of February

QNB stake in Ecobank signals new dawn for African banking

Qatar National Bank’s stake in Ecobank will be a boost to the pan-African lender, after being plagued by governance issues since last year, while signalling a battle for ownership in the pan-African lender.

S. Africa's Investec To Sell UK Mortgage Unit Kensington For $290 MLN

South African investment bank Investec said on Tuesday it will sell its UK mortgage business for 180 million pounds.

Qatar National Bank Mulls Increased Investment in Africa

The investment was QNB’s first acquisition in ETI and marked the bank’s first entry into Africa.

State Bank of India to lend to SA firms

India's largest bank, the State Bank of India, plans to lend R6bn to businesses in South Africa over the next two years, growing its loan book to about R10bn.

BRICS bank not aimed at challenging IMF, WB: RBI Governor Raghuram Rajan

"I don't think it was primarily meant to challenge the existing multilateral institutions but it certainly is saying look we have plenty of money ourselves"

UBA named ‘best transaction bank’ in Africa

The United Bank for Africa Plc has been named the ‘best transaction bank’ from Africa in 2014 by UK based magazine -The Banker.

Atlas Mara to buy rest of bank group

A prospectus will be issued around September 15, according to Mr Munatsi, after which ABC will become a private company and subsequently delisted from the Botswana and Zimbabwe stock exchanges.

Bob Diamond venture pays $270m for Africa bank stake

Atlas Mara ups stake in Union Bank of Nigeria to 29.9pc as it attempts to profit from African growth

Standard Bank eyes West Africa

Ivory Coast operations to be developed into a regional hub - West Africa MD.

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