Managers of Wealth Africa

BoG to roll out insurance scheme for banks

The Bank of Ghana is working to establish a deposit insurance scheme for commercial banks.

NSE listed bond wins African deal of the year award

This was the first ever sub-sovereign Sukuk in Africa.

Old Mutual aims to be ‘Africa’s champion’

The group now had more than 1.9-million customers in the rest of Africa, excluding South Africa, it said on Friday on the release of its full-year results to December.

Nigeria loses as Afren, Lekoil, Camac, Heritage list offshore

BusinessDay’s analysis of available public data shows that 96 companies are currently active in Nigeria’s upstream oil and gas sector in the form of exploration and production.

Old Mutual will incentivise execs to work together

Old Mutual intends to implement incentive plans for the executive management of Old Mutual Emerging Markets, Nedbank and Mutual & Federal, which will reward them for driving revenue, cost and capital synergies between the three businesses.

Old Mutual IFRS Profit After Tax Down

For the year, adjusted operating pre-tax profit remained flat at 1.61 billion pounds, while adjusted operating profit after tax attributable to ordinary equity holders of the parent rose to 890 million pounds, from 841 million pounds in 2012. Adjusted ope

2014 Alternative Investment Survey highlighting key trends shaping the hedge fund industry - Deutsche Bank

Allocators from 29 different countries completed the survey. Approximately half (46%) of responding investors manage $1bn+ in hedge fund AuM, and 18% manage over $5bn.

Nigeria: The Struggling State of Collective Investment Schemes in Nigeria

It is now official that Collective Investment Schemes in the Nigerian capital market are struggling and offer unattractive earnings.

Sanlam moves into Nigerian insurance market

The idea is to use the banking footprint of First Bank of Nigeria to distribute motor and fire-insurance products provided by Oasis.

Jersey’s growing appeal for mining executives highlighted at major South Africa conference

Jersey’s growing reputation as a centre for the operations of international mining companies was showcased to an audience of thousands at one of the world’s largest mining industry events last week.

African Bank issues 175 mln Swiss franc bond, shares jump

South Africa's African Bank issued a senior unsecured bond worth 175 million Swiss francs on Wednesday, which investors took as a sign of confidence in the ailing lender and sent its shares sharply higher.

Africa Opps to raise up $100m

Africa Opportunity Fund is proposing to raise up to US$100m through a placing of C shares at $1.00 apiece after trading of its ordinary shares moves from AIM to the London Stock Exchange's Specialist Fund Market

Houlie Adds African Bank to Momentum Funds as Wager on Rebound

Sam Houlie, a money manager at Momentum Asset Management, is betting that African Bank Investments Ltd. will rebound by adding South Africa’s worst-performing lender to the portfolios of his funds.

African nations seek new deals with Arab investors

African countries that missed out on Gulf cash pouring into agricultural projects elsewhere on the continent are trying to entice Arab investors with deals they say are designed to avoid problems of the past.

Dubai's DIB eyes expansion in Far East, Africa, GCC

International expansion is clearly on the agenda

Old Mutual eyes growth potential of Africa

Nigeria is a key market, as are the eastern hub centred on Kenya, and the Southern African markets including Namibia and Zimbabwe, said investments director at Old Mutual Investment Group Hywel George.

Global ETF AUM to surpass hedge fund industry in 18 months

While growth rates will be highest in Asia and lowest in the more mature US market, the growth drivers will be the same across all markets

Investment from China beneficial to Africa

These institutions are playing a very significant role in Africa's economic development

South African pensions now allowed to invest 10% in hedge funds and up to 30% in international equities

South Africa’s market regulator, the Financial Services Board recently extended the limit in of the amount of money pension funds can invest in hedge funds, thus creating more opportunities in the local hedge funds space.

Arqaam Capital eyes prospects in Africa

The Dubai-based investment bank was issued a licence by the JSE on Wednesday as it became the first new stockbroker to become a member of the bourse since mid-2011.

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