Managers of Wealth Africa

Commercial drivers to get pension fund

An agreement to set up a pension fund to support private commercial drivers in their old age has been signed at a ceremony in Kumasi.

Old Mutual deepens African growth plan with R1bn stake

The acquisition of UAP, which Old Mutual says is the third-largest general insurer in Kenya and the second-largest health insurance business

UBS Top Executives, Edmond de Rothschild, GTBank to Showcase Nigeria's Economy in Switzerland

Nigeria's economic potentials will come under focus in Geneva Switzerland a day before the commencement of World Economic Forum in Davos, Switzerland.

Tunisia to delay Sukuk issue until third quarter of 2015

Tunisia will delay its planned issue of $500 million in Islamic bonds until the third quarter of the year to allow parliament time to amend a law concerning the sale

Banks May Cut Jobs in Early 2015

Some of the regulatory measures introduced by the Central Bank of Nigeria (CBN) aimed at protecting the economy, according to findings, have started affecting banks’ profitability, with major impact to be felt this year.

Old Mutual buys UAP stake

This investment is another significant step in delivering the Group's aim of becoming an African financial services champion

Kenya: Wave of Insurance Deals to Sail Through 2015

At least two insurers are in talks with local and foreign investors for possible acquisitions and mergers, heralding another year of lucrative deals in the sector.

Helios Raises $1.1 Billion for African Private Equity Investment

Helios Investment Partners said it has stopped taking contributions for its third and largest private equity fund for African investments after exceeding a $1 billion target.

Investec Sees No Zimbabwe Stocks to Buy as Consumers, Banks Trip

Zimbabwe’s stocks, the cheapest among African shares, aren’t a buying opportunity for Investec Asset Management, which says consumers and banks in the southern African country are continuing to struggle.

Centum, Kirubi sell UAP stake to Old Mutual

The sale is in line with Centum’s mission to be Africa’s foremost investment channel

Old Mutual will consider raising India joint venture stake

Anglo-South African financial services firm Old Mutual will discuss with partner Kotak Mahindra upping its stake in their Indian joint insurance venture following a rule change

Old Mutual To Buy $97M Stake in Kenya Finance Firm

Old Mutual PLC Friday said it is buying a 23.3% stake in Kenya-based UAP Holdings Ltd, an East and Central African financial services company, for KES8.88 billion, or about USD97.6 million, part of its strategy to expand in Africa.

Skye Bank: An Attractive Investment Opportunity

At below N3 per share and with bright prospects after acquiring Mainstreet Bank Limited, Skye Bank is a good investment

Fidelity Bank Offers Nigerians Abroad Opportunity to Own Homes

Concerned by the huge housing deficit in the country, Fidelity Bank Plc, through its ‘Fidelity Diaspora Mortage,’ is offering Nigerians in the Diaspora the opportunity to own homes in Nigeria.

Seplat, Unity Bank, Others Join NSE Indices after Year-end Review

Seplat Petroleum Development Company Plc has been included in the Nigerian Stock Exchange 30 Index, just as Unity Bank Plc joined the NSE Banking Index.

Standard Bank Wins 2014 IFM Award for 'Best Managed Bank, Angola'

London-based International Finance Magazine has conferred the 2014 award for 'Best Managed Bank' in Angola to Standard Bank.

Nigerian banks partner to offer SME-friendly loans

Eleven Nigerian banks, led by the country’s oldest financial institution the Bank of Industry (BOI), have partnered to fund the establishment of small and medium enterprises (SMEs) in the West African country.

RMB sees Nigeria’s creative industry as catalyst to economic growth

In a clear move to replicate feats already achieved in South Africa’s creative arts sector, Rand Merchant Bank Nigeria Limited has unveiled a new partnership with the Nigeria Theatre Society, aimed at harnessing the immense potentials of the country

Nigeria: Equities Market Sheds N1.748 Trillion to Close Year At N11.478 Trillion

The market had appreciated by over 47 per cent in 2013 before the decline in 2014.

Insurance Industry Attracts $750m Investments on New Banking Model

Despite fears been nursed in some quarters over the future of the Nigerian economy, the nation’s insurance sector has in the last one year attracted about $750 million in foreign direct investment.

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