Managers of Wealth Africa

Amethis Fund II gets €305m at intermediary closing

Managing Partners Luc Rigouzzo and Laurent Demey stated: “This successful fundraising demonstrates that investors recognize Amethis’ investment strategy.

Sanlam completes merger of Saham and Soras insurance firms in Rwanda

The merger of the two companies was signed on 30 January 2019 by the board of directors Vianney Shumbusho Rurangirwa of Soras and Jean Baptiste Ganza Gasanana of Saham, reported The New Times.

East Africa among most attractive investment destinations in Africa

In East Africa, the report ranks Kenya as the most attractive, attributed to the political reconciliation after the disputed 2017 presidential election and the country’s sustained consumer demand.

Atlas Mara Undertakes Review of Strategic Options

The Board of Directors of Atlas Mara is undertaking a review of strategic options to determine the key strategic priorities and actions for 2019 and beyond to drive shareholder value.

PE firms get watchdog’s nod to purchase Prime Bank stake

The two PE funds became top shareholders of the bank.

Lagos retirees get N817.73m pension

In a statement, it said 95 per cent of the beneficiaries were from the State Universal Basic Education.

New $37.4m fund for South African SMEs announced

A major benefit of a section 12J investment fund is that investors can deduct 100 per cent of their investment from their taxable incomes in the tax year in which the investments are made.

Compelling reasons for investing offshore

Investec advises investors take a long-term view to fully benefit from the return potential of international assets

Afreximbank Commits $100m Into Export Development In Africa

The long-term objective of FEDA is the provision of equity capital and related financial, non-financial and support services to operators in Africa’s tradable and support sectors, with emphasis on activities that support intra-African trade and valu

Partech Africa Fund achieves $143.5m final close

Partech has now announced a final close at EUR125 million (US$143.5 million) after gaining support from more than 40 different investors across the spectrum and from all over the world.

Swaziland Govt Accused of 'Looting' Billions From Its Workers' Pension Fund

Pensioners feared money in the PSPF would be misused by government

Qatar Investment Authority invests $200 mn in Airtel Africa

The latest transaction would not involve any sale of shares by existing shareholders, Airtel Africa said

The African Development Bank (AfDB) projects 4 percent GDP growth for Africa

“Africa’s general economic performance continues to recover and GDP (Gross Domestic Product) growth is projected to accelerate to four percent in 2019 and 4,1 percent in 2020.”

How global asset management is changing

Global balanced funds have been losing market share to passive and alternative investments. Will South Africa follow suit?

Kenya bourse aims to launch derivatives market in first half 2019

Exchange executives have said launching derivatives trading would boost liquidity on the bourse, which has 65 listed firms.

Ghana to Start $403 Million Debt Sale for Lenders Next Month

Special-purpose vehicle to invest in under-capitalized banks

Rwanda's Biggest Lender to Start Investment Bank, Insurer

CEO Karusisi expects return on equity to improve from 2020

Nigeria's Federal Government Proposes Enterpreneur Bank To Impove Acsess To Credit Facilities

We think there is a need for a bank that will be a bit more nimble about entrepreneurship

Partech closes $143 million fund for African startups

Partech isn’t the first outside VC firm to target Africa

Peregrine Securities acquisition, merger with Legae approved

This is a very exciting event for both companies and their employees

Alternative Investments