Managers of Wealth Africa

Dubai's Abraaj Group sells stake in Ghana's HFC Bank

Dubai private equity firm Abraaj Group sold its stake in Ghana's HFC Bank to independent Caribbean bank Republic Bank Ltd

Ghana To List Eurobond On Local Exchange

Ghana will list the second Eurobond it secured this week on the country’s local bourse next month, says the chairman of the governing council of the Ghana Stock Exchange, Dr Sam Mensah.

ICBC May Complete Standard Bank London Deal This Year, Sky Says

South African bank’s largest shareholder and other Chinese lenders are expanding abroad

Mauritius: PTA Bank sets up regional office

The Common Market for the Eastern and Southern Africa Trade and Development Bank

IFC invests in Activa to support increased access to insurance in West and Central Africa

IFC, a member of the World Bank Group, is investing $6 million in Activa, an insurance group operating in Cameroon, Ghana, and other countries in the region, to help increase access to insurance for farmers, smaller businesses, and lower-income individual

Best fund manager in SA

Coronation ranked as the leading unit trust management company for the third consecutive quarter at the end of June 2013, achieving an overall rating of 4.657 PlexCrowns out of a maximum of five.

Stanlib’s trump for Africa is engineering its own exit

Stanlib’s pilot African property development fund that launched in May has expanded its core focus from Nigeria and Kenya to also include Ghana and Uganda

Investec Bank Loaned 240 Million Rand to Company in Liquidation

Investec Plc , the owner of a bank and a money manager in South Africa and the U.K., said it loaned about 240 million rand ($24.8 million) to Johannesburg-based First Strut Ltd., which is in liquidation.

Nigeria Banks Drop as Central Bank Tightens Policy: Lagos Mover

Nigeria’s banking index fell the most in a month after the central bank tightened monetary policy by increasing reserve requirements, damping the outlook for lenders’ margins.

Offshore investments aren’t great at beating SA inflation

Many fund managers may be looking to offshore markets to spice up their returns

Absa to launch gold ETF in Mauritius

Absa is launching its gold-backed exchange-traded fund (ETF) called NewGold in Mauritius

Nigeria: Trust and transparency central to pension reform

With the country in the middle of a population boom, planned reforms to Nigeria’s pension system are timely.

African Bank issues new unsecured, inflation-linked bond

Afican Bank has issued another bond under its domestic medium-term issuances programme — this time a private placing of R600m payable over seven years.

FirstRand determined to get foothold in Ghana

FirstTRand is still committed to Ghana and applying for a banking licence in the West African country remains an option

Ernst & Young To Make Acquisitions In Africa

Ernst & Young Africa said it had budgeted $40 million meant for acquiring assets in Nigeria, South Africa and Angola.

SSNIT says South Africa’s FirstRand fails to acquire Merchant Bank Ghana

It announced that SSNIT would start a new process to invite proposals from interested parties for the acquisition of the Merchant Bank Ghana.

Johannesburg targets high-speed traders

The initial rollout of the service is scheduled for the first quarter of 2014 and will include space for 35 clients.

Societe Generale Securities Services in South Africa mandated by Peregrine Equities

It already provides securities lending and borrowing and global custody services to Peregrine Equities (Pty) Ltd,

FirstBank signs $100m SME facility agreement with China Bank

FirstBank of Nigeria Limited signed a $100million facility agreement with China Development Bank

Transnet to launch SA’s first rand bond

Transnet plans to sell the country’s first rand bond to foreign investors

Alternative Investments