Managers of Wealth Africa

PACAM Lists Benefits of N1bn Mutual Fund

PAC Asset Management(PACAM) Limited has said investors stand to benefit significantly from the on-going N1bilion PACAM Balanced Fund, mutual fund

FG Inaugurates Board on Takaful Insurance

Minister of State for Finance, Alhaji Bashir Yuguda on Tuesday inaugurated an advisory council for the implementation of the Takaful insurance product

FirstRand diversifies back to life insurance

The new business will offer life and disability insurance

Asset manager puts $2mln bond on hold after RBZ query

The asset manager said the proposed issue would have been the first tranche of a $10 million medium asset-backed bond programme

OPIC and Tunisian Banks to Support Economic Growth in Tunisia

TCGF’s support to Tunisian businesses will enable them to acquire and operate franchises, produce goods and services to supply franchise businesses, and support growth of the broader SME market.

Sanlam Extends Deal With Billionaire Motsepe for Another Decade

Sanlam Ltd., the largest South Africa-based insurer, said it has extended its partnership with Ubuntu-Botho Investments

Abil collapse: A ‘temporary blip’ for Growthpoint

Growthpoint CEO Norbert Sasse says the industrial portfolio started feel the effects from October

Mutual and Federal considers rebrand in South African retail market

Old Mutual’s operations in South Africa dropped by 6 percent, from 64 percent of the group’s total earnings, from 70 percent in previous years.

Escalating risks for sub-Saharan African Eurobond issuers

Risk experts have become increasingly concerned about prospects for the majority of African sovereign borrowers that are considering issuance in 2015. Will investors demand a premium?

Dubai's Abraaj leads $200m healthcare investment in North Africa

The EBRD is making an equity investment of $25 million, DEG and Proparco are providing $15 million each, while The Abraaj Group, with $145 million, will be the main investor in the healthcare investment platform.

Sanlam in talks to take stake in Carby's Caerus

Sanlam is in talks to take a stake in restricted advice network Caerus

Ghana reaches $1bn deal with IMF

Growth is expected to rebound over the medium term on account of an improved macroeconomic environment

State Pension Fund Soundly Managed: Nene

The first positive is they were simplifying that formula of saying employees can put away 7.5 per cent of their retirement funding

Ecobank CEO: Engage with Africa on a long-term basis

Ecobank Group CEO Albert Essien gave the keynote address in Munich today at the 4th Conference on Managing Risk in Africa. Mr Essien offered strategies for managing risk in Africa’s growth markets.

Ivory Coast sells $1bn bond in African debt test

The deal was an important test of appetite for African bonds, which has soured somewhat after a number of issues in recent years.

Nordea Capital launches Income Growth Fund

Launching the Fund, Dr Ato Essuman, said mutual funds help investors to generate better inflation-adjusted returns without time and energy.

Liberty sets aside more than $87 million for African purchases

Liberty Holdings Ltd., the insurer controlled by Standard Bank Group Ltd., said it has more than ZAR 1 billion ($87 million) to make acquisitions in Africa and plans to raise more funds if needed.

AfrAsia Bank Zimbabwe timeline: from iconic bank to financial washout

AfrAsia BANK Zimbabwe on Tuesday surrendered its operating licence, marking the end of an iconic institution previously known as Kingdom Financial Holdings and a poster child of Zimbabwe’s liberalised financial services industry in the 1990s.

Kwanji FX Initiates Partnership with East Atlantic, Targeting Emerging Markets

Kwanji, an FX B2B international trading platform, has launched a strategic partnership with global payments and treasury solutions provider

Bob Geldof's 8 Miles fund buys stake in Ugandan bank

Bob Geldof's African private equity fund said on Tuesday it has acquired a 42 percent stake in Orient Bank, a medium-sized Ugandan commercial bank to tap into a growing economy and a largely unbanked population

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