Managers of Wealth Africa

Standard Bank Looking to Finance Investment Projects in Ethiopia

Standard Bank operates in 32 countries worldwide, 19 in Africa.

Continental Re to double premium income $80 million

Nigeria’s second-largest insurer opened a branch in South Africa

FirstRand picks banks as it revives dollar-bond plans

Lender last sold dollar debt in June 2011.

Nigeria: SA Insurance, SA Life Set to Merge

He disclosed that the corporate action was further being taken with a focus on "delivering superior returns to the shareholders

Nigerians Buy Up London Luxury Property

Luxury property agents in London reveal that Nigerians are the biggest buyers in the London luxury property market among other Africans, having spent for their new glamorous homes in British capital nearly $400 million in the last three years.

Bank debt splurge pushes South Africa bond sales to 4-year high

As the four biggest lenders sought to refinance maturing securities and meet international rules on liquidity.

Bamboo Finance Announces the First Close of Financial Inclusion Fund II

Over the last seven years Bamboo Finance has built one of the largest and most diversified portfolios of financial inclusion private equity investments; representing 31 companies, 22 countries, $195 million and a track record of successful exits.

Alexander Forbes eyes Ghana and Tanzania

SA’s largest retirement fund administrator, Alexander Forbes, has announced it is working on making an acquisition in Ghana within a year.

Japan to help train 350,000 people in Asia, Africa says Abe

Specifically, Japan plans to assist the promotion of the Japanese "kosen"

Insurers and banks look to start-ups

NEW entrants in the financial services sector are attracting companies to consider joint ventures with the technology start-ups to stay competitive, while they also compete globally to retain their top people.

Mauritius Ponzi Probe Risks Extending Africa’s Worst Stocks Rout

A selloff that made Mauritius equities the worst performers in Africa this year risks deepening as a probe into an alleged Ponzi scheme involving one of the Indian Ocean island’s banks and insurers damp investor sentiment.

Redefine all set for August takeover of Fountainhead

Redefine Properties, SA’s third-biggest real estate investment trust, hopes the takeover of Fountainhead Property Trust will be finalised by August

Eskom and how its woes affect SA's financial system

The electricity utility is bleeding cash for its new build programme, the massively delayed and over budget Kusile and Medupi power stations

Curb in Foreign Currency Hurting Banks, Says FCMB Boss

The Central Bank of Nigeria applied rules and restrictions to stabilise the naira

Qatari investors eye opportunities in economy

The purpose of the mission was to introduce both Ghanaian and Qatari firms to their common markets

Significant opportunities for property investors in Africa, says Standard Bank

Rapid urbanisation and growing consumer wealth on the African continent is providing numerous opportunities for investors wanting to gain exposure to retail and office property developments north of South Africa.

Investors Buy South African Bonds at Record Pace on Fed Delay

Foreign investors are buying South African bonds at the fastest pace on record in April after spurning the nation’s debt for two months

Sierra Leone: First Bank Expands African Footprint

The Bank leverages FirstBank’s international network, business expertise

VAM Funds enters South Africa with 11 funds

Luxembourg-domiciled fund manager VAM Funds has entered the South African market, launching 11 funds in the region.

Banks Lobbied in South Africa Over Preference Share Billions

A change in liquidity rules is prompting the banks to review the status of the preference shares

Alternative Investments