Managers of Wealth Africa

Enterprise Group, Sanlam part ways after US$130m sale

This means that Enterprise Group can now speak to a valuation of $250 million.

KCB to tap agents in bid to up insurance uptake

Technology will be key to overcoming the stumbling blocks and increasing Kenya’s low insurance penetration.

Nigeria’s first ever diaspora bond has raised $300 million

It wasn’t initially clear how many Nigerians actually invested in the bond.

Ecobank approves $400m in convertible bonds

The bonds will be on offer to all Ecobank shareholders on identical terms shortly.

Billions held in impact investments in Africa

Impact investing has become a key focus for many fund managers on the continent.

Billionaire ups NMG stake

His listed equities portfolio currently has an estimated mark-to-market value of Sh2.8 billion, having come down from highs of Sh4 billion at the peak of the bull run in 2015.

New service for German business seeking East Africa market

This is a first of its kind partnership between an African bank and DEG and is the second worldwide after Peru.

Bob Diamond's Africa bank ups stake in Union Bank of Nigeria

It is in discussions with potential investors regarding a possible raising of new equity capital.

Velocity Trade Opens Johannesburg Office

“We look forward to strengthening our Johannesburg team and building on the growth achieved over recent years.”

Investors hunt for hidden frontier market gems

Risk improves as financial infrastructure matures and a middle class emerges

Investec Property Fund helps to launch Izandla

Izandla’s board will include Sthembile Nkabinde, who founded Khulasande Capital.

PE firms raise Sh114bn for East African investments

EA countries do not have exposure to commodities and their currencies have seen less devaluation.

Billionaire Motsepe Said to Eye More Than 3 Billion Rand in IPO

The share sale, scheduled to take place by the end of September, may even raise as much as 5 billion rand, they said.

Investment window for Nigerians in Diaspora

It is expected that a successful outing of the Diaspora Bond issuance will provide another source of relatively cheaper source of external financing

Ugandans Leading Investors

UIA notes though that the number of projects owned by the domestic investors increased from 55 in Fiscal Year (FY) 2014/15 to 91 in FY2015/16.

Nigeria to sell 100 bln naira debut sukuk this month

The bond will be tradable on the Nigerian Stock Exchange and on FMDQ over-the-counter platform.

What the African Bank and MMI tie-up means

These loans will be reported under Metropolitan Retail.

South Africa's equity-centric hedge funds gain on favorable global conditions

However there was little actual change and given the favorable global conditions the rand strengthened over the month, although with some volatility.

The Luxury Network set for launch

The aim is to set a standard for the term ‘luxury’ in the country and create a platform that will facilitate discussion, interaction and collaboration between players across all the sectors, within the luxury space.

S.African insurer Sanlam sees tough rest of 2017

Political instability, low economic growth and credit ratings downgrades have dented business and consumer confidence in South Africa.

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