Managers of Wealth Africa

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

S/African Liberty, UK Prudential, 10 others push for Nigerian insurance market

Top international insurance firms, among them, Liberty Group of South Africa and Prudential Life Company of UK are at advanced stages in their push to enter the Nigerian insurance market, BusinessDay investigations show.

SA groups keep balance sheets fit with foreign diet

South African companies are muscling their way into the UK private hospital market, underscored by Mediclinic's R8.6-billion purchase of 29% of Britain's second-largest private-hospital owner, Spire Healthcare.

Crowdfunding for Businesses Growing in Africa

Start-ups in Africa often complain about banks being unwilling to lend. In the absence of loans, small businesses often fund themselves through savings and capital from friends and family.

Vital Capital Investments Planning New $500M Fund For African Investments

Vital Capital Investments is planning to launch a $500 million investment fund that will invest in African companies.

Steady course likely when new hand takes helm at FirstRand

FIRSTRAND stock has more than tripled in five years, outpacing its competitors among SA’s largest banks. That is one reason for the company’s new CEO not to reinvent strategy when he takes over in October.

KenInvest signs MoU with USAID's East Africa Trade and Investment Hub

Kenyan and international officials inked an agreement on 24 June intended to boost regional and international trade.

LexisNexis SA to acquire Korbitec

The business has its head office in Cape Town and has a major presence in Johannesburg

World Bank’s IFC in Zambia deal with Zeder

AGRI BUSINESS specialist Zeder, which is controlled by investment house PSG, has wooed the World Bank-aligned International Finance Corporation as a strategic equity partner for its fledgling Zambian-based operations.

Billionaire investor teams up with Ibrahim for African Private-Equity deals

He built mobile phone company Celtel to operate in African countries

AfDB Extends Horn of Africa Drought Mitigation Project to Djibouti and Sudan

The African Development Bank Group (AfDB) has extended its multimillion multi-phased Horn of Africa drought resilience programme with a US $16-million soft loan to Djibouti and a US $14-million grant to Sudan.

Mauritius: PM Meets First Investors of Mon Trésor Smart City Project

The CEO of Shree Property Holdings, Mr Pran Shree, underlined that he chose to invest in the Smart City Project as Mauritius is the perfect platform

‘Accelerate cross-Africa investments’

Zambis Development Agency says there is need to accelerate cross-Africa investments for the continent to achieve meaningful development

Millionaire Emerges in Skye Bank ‘Reach for the Skye Millionaire Reward’ Scheme

A businessman residing in Kaduna State, Mukaila B. Hamza has emerged the first winner of one million naira in the Skye Bank’s ‘Reach for the Skye Millionaire Reward’ scheme.

South Africa: Pension funds turn to bricks and mortar

South African savers are playing their part – in a very small way – in helping to keep the country’s lights on and the freeways moving.

Africa's richest businessman Aliko Dangote plans to buy Arsenal

Dangote feels that the oil refinery which he is building in Nigeria will give the funds necessary to complete the takeover of the London based club.

Old Mutual gets approval to acquire UAP

Old Mutual says it has received all regulatory approvals for the acquisition of a further 37.3 per cent of UAP Holdings

Terra Incognita - UKCrowdfund Platform Points Investors to Africa

Of course, growth alone – which may be from a low base – is not in itself a sign of economic strength but if you cut the cake another way, it’s clear that Africa has at least four economic powerhouses in the shape of Nigeria, South Afric

Bob Diamond's Atlas Mara sells stake in Zimbabwe private equity firm Brainworks Capital Management

The move comes weeks after Zimbabwe decided to scrap its currency

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