Managers of Wealth Africa

Alexander Forbes eyes Ghana and Tanzania

SA’s largest retirement fund administrator, Alexander Forbes, has announced it is working on making an acquisition in Ghana within a year.

Japan to help train 350,000 people in Asia, Africa says Abe

Specifically, Japan plans to assist the promotion of the Japanese "kosen"

Insurers and banks look to start-ups

NEW entrants in the financial services sector are attracting companies to consider joint ventures with the technology start-ups to stay competitive, while they also compete globally to retain their top people.

Mauritius Ponzi Probe Risks Extending Africa’s Worst Stocks Rout

A selloff that made Mauritius equities the worst performers in Africa this year risks deepening as a probe into an alleged Ponzi scheme involving one of the Indian Ocean island’s banks and insurers damp investor sentiment.

Redefine all set for August takeover of Fountainhead

Redefine Properties, SA’s third-biggest real estate investment trust, hopes the takeover of Fountainhead Property Trust will be finalised by August

Eskom and how its woes affect SA's financial system

The electricity utility is bleeding cash for its new build programme, the massively delayed and over budget Kusile and Medupi power stations

Curb in Foreign Currency Hurting Banks, Says FCMB Boss

The Central Bank of Nigeria applied rules and restrictions to stabilise the naira

Qatari investors eye opportunities in economy

The purpose of the mission was to introduce both Ghanaian and Qatari firms to their common markets

Significant opportunities for property investors in Africa, says Standard Bank

Rapid urbanisation and growing consumer wealth on the African continent is providing numerous opportunities for investors wanting to gain exposure to retail and office property developments north of South Africa.

Investors Buy South African Bonds at Record Pace on Fed Delay

Foreign investors are buying South African bonds at the fastest pace on record in April after spurning the nation’s debt for two months

Sierra Leone: First Bank Expands African Footprint

The Bank leverages FirstBank’s international network, business expertise

VAM Funds enters South Africa with 11 funds

Luxembourg-domiciled fund manager VAM Funds has entered the South African market, launching 11 funds in the region.

Banks Lobbied in South Africa Over Preference Share Billions

A change in liquidity rules is prompting the banks to review the status of the preference shares

The Abraaj Group Closes Third Sub-Saharan Africa Fund at US$ 990 million

The Abraaj Group a leading investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million.

Liberia: President Sirleaf Dedicates Two Liberian-Owned Businesses

The IFC is a member of the World Bank Group.

Ghana aims to issue Eurobond of up to $1 bln by end June

The government said in a memo to parliament in March it had started talks over the loan with a consortium including Bank of America Merrill Lynch and Belstar Capital and hoped to complete it before July.

Fundo Soberano de Angola launches five open-end investment funds, in Angola and SSA

The Fundo Soberano de Angola today announced the launch of five dedicated investment funds

Kenya: CAK Clears Path for Merger of Three Companies

The move ends a three-year push and pull the company has had with the Insurance Regulatory Authority over single ownership limit rule of 25 per cent set in 2009.

IBTC Bank Secures $90m Credit for SMEs

The purpose of the facility is for Stanbic IBTC Bank to on-lend to small and medium sized companies for the financing of projects in the infrastructure sector, which include agriculture, oil and gas, power, ports, telecom companies, etc. within Nigeria.

Ghana Scraps $1 Billion Bank of America Loan for Bond Sale

Ghana dropped a plan to borrow money from Bank of America Corp. to focus on selling $1 billion in Eurobonds as early as June.

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