Managers of Wealth Africa

Nigerian Billionaire Abdulsamad Rabiu Sells Flour Milling Business For $275 Million

Providing insights into the Group’s medium term growth strategy

SA banks to tighten lending criteria in 2016: expert

Property owners across South Africa are tightening their belts as the upward trend in the prime lending rate looks set to continue.

‘ICBC Standard Bank buys bullion vault’

These banks are shareholders of the London Precious Metals Clearing (LPMCL) company.

Ghana Rural Banks To Set Up Insurance Company

Dr. Nana Akowuah Boamah, National President of the Association of Rural Banks-Ghana, has hinted that Rural and Community Banks (RCBs) are in the process of establishing an insurance company to consolidate their operations. The plan to set up the insurance

Motsepe and Sanlam deal gets go-ahead

The transaction also fulfils Mr Motsepe’s ambition to build an independent black-controlled business with exposure to significant investments in the financial services sector.

Diamond Bank: CBN will devalue naira to 227/$1

On falling oil prices, the bank says there is no end in sight, following the conviction of the Iran, OPEC, and the US that $30 sales remain profitable.

US Funds play catch-up in Africa

Many US investors were concerned about the safety of travelling in Africa, let alone investing in the region. They seem to carry old misconceptions that still permeate the investor community.

South Africa: Business confidence at lowest in more than two decades

Nene sacking and market instability knock confidence.

Beechwood To Acquire Old Mutual Bermuda

Beechwood, one of the largest providers of international investment plans, now has over $2 billion in total assets and is featured on the platforms of over 100 banks and brokerage firms around the world.

MoneyGram Launches Naira Account Deposit Services

This marks an important innovation for the remittance industry in Nigeria.

Pension Funds Release To Spur Innovation In Asset Management

Over the past two months, government’s temporary pension funds account had been opened and monies are being released, he said.

WPIC, Rand Merchant Bank Launch New Bullion Coin Custodial Certificates

Exclusive agreement between World Platinum Investment Council and Rand Merchant Bank will extend the global reach of platinum bullion coin custodial certificates

UAE's Business Mogul to Invest in Nigeria's Infrastructure, Mining, Others

Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, has lauded the move.

Tunisia seeks Saudi investments boost

Some Saudi businessmen spoke in the meeting and narrated their experiences in their Tunisian investments in the 1970s and 1980s.

Stanbic IBTC Stockbrokers emerges ‘best dealing member firm’

The Exchange, in collaboration with other stakeholders, pledged to continue nurturing the Nigerian capital market into a world-class hub.

Former Ecobank Kenya Chief Executive sets up Sh50b fund

Former Ecobank Kenya Chief Executive Michael Monari has launched a Sh50 billion fund to lend small businesses.

Zimbabwe to expand use of yuan as China cancels $40 million debt

Zimbabwe abandoned its own dollar in 2009 after hyperinflation

Tunisia to discuss IMF fund arrangement soon

The forthcoming five-year economic and development plan gives the authorities an opportunity to foster internal consensus and set priorities for comprehensive economic reforms.

Malaysia committed to boosting economic ties with Kenya - Mustapa

He said Malaysia and Kenya enjoyed close bilateral ties.

Carlyle Group acquires 18% stake in Nigeria’s Diamond Bank

Uzoma Dozie, CEO and MD of Diamond Bank, was quick to claim the transaction as a vote of confidence in the institution

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