05/27/2014
Firestone Diamonds To Begin Work At Lesotho Mine After Finance Agreed
Johannesburg-based Absa Bank Ltd is a wholly owned subsidiary of Barclays Africa Group
Alternative Investments
05/26/2014
Africa can tap global reinsurance markets; why not Florida?
Capitalized with contributions from Germany and the United Kingdom, the agency’s newly created Bermuda-based specialist hybrid mutual Africa Risk Capacity Insurance Co. Ltd. is offering $135 million of coverage to the participating countries.
05/26/2014
Zimbabwe: ZB to Dispose of Two Units
Employees in the two units will be deployed to other divisions while an investment division will be re-opened.
05/23/2014
Kenya retains top spot as major investor in African markets
Kenya has been ranked second in Africa as a source of investment an indication that the country’s economic clout is spreading beyond East Africa.
05/23/2014
Nedbank warns against volatility complacency
Volatility will probably remain muted “for a significant period” as the global economy recovers
05/22/2014
Power Reform Pushes Nigerian Banks to Debt Market
The desire to actively finance the activities of investors in the power sector has driven a lot of Nigerian banks to the debt market.
05/22/2014
Tiger Brands wary of African assets after Nigerian misadventure
ITS investment in Nigeria had taught Tiger Brands not to be hasty when pursuing growth opportunities in Africa
05/22/2014
SA fund manager second top owner of Umeme Ltd
Investec Asset Management is now the second largest shareholder of Ugandan electricity distributor Umeme Ltd, which is cross-listed in Kenya, after it bought a 18.47 per cent stake.
05/21/2014
Nigeria’s Diamond Bank Issues $200m Eurobond
The transformation process has so far yielded fruit
05/21/2014
Nigeria: CBN Deducts N111 Billion From Banks for AMCON Sinking Fund
The Central Bank of Nigeria last week deducted from banks N111 billion as contributions to the Sinking Fund of the Asset Management Corporation of Nigeria
05/21/2014
Namibia: Allan Gray Namibia Brings New Investment Offerings
Previously only available to retirement funds, the newly registered Allan Gray Namibia Balanced Fund is also suitable for individuals and non-pension fund clients.
05/20/2014
FCMB Set to Close Financing Deal for 450mw Azura IPP
FCMB Capital Markets Limited targets to close the financial deal of the 450 megawatt-capacity Azura-Edo Independent Power Plant by the end of June 2014, with the investment of equity, mezzanine finance, and non-recourse loans, raised from local and intern
05/19/2014
Future May be Bitter for Chocolate Lovers Leading Processor Warns
The future may be bitter for chocolate lovers unless cocoa producers step up their output dramatically to satisfy an expected surge in demand from emerging market countries, an industry executive warns.
05/19/2014
Anglo American CEO sees 20% returns after rejigging mine assets
Cutifani: 31 of 69 assets in the group contribute only 2% of EBIT
05/16/2014
Stokvels represent untapped market
Stokvels are traditional collective savings schemes, which typically involve members making a regular contribution to a pool
05/14/2014
Pan African University in €20m deal with German Bank
The Commission of the African Union has urged member countries to focus more effort on research into water and energy sciences development to enhance the state of the art service delivery to Africans.
05/13/2014
Mauritian bank to expand operations in SADC
Bulawayo – Mauritius-based AfrAsia Bank Limited says it will soon invest in other Southern African Development Community countries, as its confidence in regional economies increases.
05/13/2014
An Africa Isa? The charts that suggest investing early in frontier markets pays off
Early investors may catch better returns. Those who backed China’s nascent economic boom in the Nineties achieved an incredible total return of 940pc in that decade, theoretically turning £10,000 into nearly £104,000.
05/13/2014
Kenya's bourse to sell up to 38 pct stake in IPO
The Nairobi Securities Exchange will sell up to a 38 percent stake in an initial public offering by the end of next month to raise funds for new products and enhance transparency
05/12/2014
PE fund boosts China-Africa cooperation
Chinese Premier Li Keqiang proposed that China and Africa upgrade their cooperation during his eight-day trip to Africa