Managers of Wealth Africa

Old Mutual acquires 13.6% Abraaj holdings in UAP insurance Company

Under the terms of the agreement, Abraaj sold its 13.6 percent stake in the Company

Kenya’s New Wind Farm Will Provide Nearly One Fifth Of The Country’s Power

Known as the Lake Turkana Wind Power project, the wind farm will be spread across 162 miles in a part of the country that receives steady wind all year.

Nigeria Fidelity Bank raises $151 mln via bond issue to boost lending

Nigerian lenders have been shoring up their balance sheets after adopting stricter international capital requirements

Ghana says to open 2-yr cedi bonds to offshore buyers

Ghana will open its two-year domestic bond auctions to foreign investors this month

Leaders launch West African group for ‘bankable energy investment projects’

Cote d’Ivoire’s president Alassane Ouattara has led West African leaders in launching an initiative to reform energy sector policies and create “a pipeline of bankable investment projects” to boost access to sustainable energy thro

AccorHotels steps up Africa expansion with Angola deal

Accor plans to open 50 hotels in Angola, representing more than 6,200 rooms ranging from luxury to economy

Wamda Capital Launches US$75 Million Growth Stage Venture Fund

Future perfect: Business Strategies with Aston Wealth Management

Volatility in Africa led Aston Wealth Management to adopt a more flexible approach to dealing with offshore clients – and in turn it learnt an invaluable lesson, that reacting quickly can create great future opportunity.

Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets

The debut issue of as much as $500 million of five- to seven-year Eurobonds will probably happen before the end of the year, Chief Executive Officer Kola Karim said in an interview in his office in Lagos on June 2.

The Abraaj Group exits investment in pan-African insurance company UAP Holdings

Abraaj helped Kenyan-based insurance company expand across region

A Nigeria Without Chiefs Makes Top Paying Bonds Less Attractive

For investors, it’s missing a key ingredient: a functioning government.

Stanbic IBTC Asset Management wins ‘best mutual fund provider’ in Nigeria

The winners were announced at a gala dinner and awards cer- emony in London recently.

China's Africa equity fund to reach 5 bln USD in 2015

So far, the fund has invested 2.3 billion U.S. dollars in 80 projects ranging from infrastructure, manufacturing, agriculture, power stations, power transmission to industrial zones in more than 30 African countries.

Korea Partners With Eight African Countries and World Bank Group

With support from the World Bank Group, eight African governments are collaborating with the Republic of Korea to strengthen human resources and build skills locally in the applied sciences, engineering and technology.

China's Africa equity fund to reach 5 bln USD in 2015

CAD Fund was set up in 2007 to diversify the financial vehicles that facilitate Chinese investment to Africa.

Stanbic IBTC Asset Management wins ‘best mutual fund provider’ in Nigeria

With three of Nigeria’s largest and most promi- nent mutual funds under its management, Stanbic IBTC Asset Management Lim- ited is by far the country’s leading asset management company.

Côte d'Ivoire's President Launches West African Energy Leaders Group

As well as President Ouattara, the West African launch was attended by Nigerian Vice-President Yemi Osibajo and the Prime Ministers of Côte d'Ivoire, Benin, Mali, Niger and Togo.

Top banks and PIC make offer for African Bank insurance unit

A consortium of leading South African banks together with the Public Investment Corporation has made an offer for African Bank Investment Limited insurance subsidiary Stangen

Edcon faces day of reckoning as bond payment looms

Edcon Holdings Ltd. has to choose between spending the little money it has or not paying a $31 million coupon due on Tuesday as it seeks to restructure borrowings.

Investbridge, Centum and Sabis in Africa education venture

Consortium plans to build 20 schools in Africa and raise money for expansion

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