Managers of Wealth Africa

Obstacles to Convergence in South Africa

South Africa, despite having one of the strongest economies on the continent, has not been able to join that trend.

SEC to Develop $3.9trn Bond Market in 30 Years

As part of its efforts to help Nigeria meet her infrastructure deficit estimated at $3.9 trillion, the Security and Exchange Commission has said it wants to develop the Nigerian bond market to reach that height over the next 30 years.

Alexander Forbes set for African expansion

SA’s largest retirement fund administrator, Alexander Forbes, is looking for low-value acquisitions in the rest of Africa and has tasked one of its senior staff with looking for "nonorganic" growth opportunities on the continent.

South Africa’s Zuma sets sights on boosting investment from China

China is being urged to boost support for South Africa’s industrialisation “by investing in the development of science and technology, agro-processing, mining and mineral beneficiation, renewable energy, finance and tourism”

JSE blows its own horn, but new listings have to prove worth

The JSE's kudu horn, which signals the listing of a new company, has been blown more frequently this year than in recent history, but has the fanfare been worth it for investors?

Shanduka Merger With Pembani to Proceed After Ramaphosa’s Exit

Shanduka Group said its proposed merger with Pembani Group will continue once the exit by South African Deputy President Cyril Ramaphosa from the company he founded is completed.

New London Reinsurer Sets Sights on Africa

One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.

African Bank’s Rescuers Stick to Plan as Investors Seek Deals

South Africa’s failed African Bank Investments Ltd. remains on course for an initial public offering early next year

BOAD launches bond loan issue of FCFA 40 billion

As part of the implementation of its annual bond issue programme, the West African Development Bank is launching a bond loan issue of XOF 40 billion through a public offering from 1 to 19 December 2014.

EU, ECOWAS launch $60m projects for West African countries

The European Union Wednesday in Abuja committed 40 million euros to launching two projects aimed at achieving economic integration and attracting private sector investments for West African states.

Old Mutual enters Ghana’s market

This follows the Group’s acquisition of Provident Life Assurance in 2013.

GCB Bank interacts with corporate customers

Mr Simon Dornoo, Managing Director of the GCB Bank Limited, on Wednesday said the bank had made significant progress since it embarked upon a transformational programme in 2010 to strengthen its balance sheet in terms of liquidity and capital.

Cadiz boss bids for African Bank shares

Frank Cadiz, co-chief executive officer of Cadiz Asset Management, said he’s offering 5 rand for preference shares in African Bank Investments in a bid to recoup losses he incurred when the lender collapsed.

London’s Newest Reinsurer Targets 38 African States in 2015

Carlyle, Old Mutual to acquire S.African tyre firm from Ethos

U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity,

Old Mutual launches Ghana operations

Old Mutual Life Assurance Company (Ghana) Limited as the company is now known, would have Provident Life’s licence to conduct life assurance business in the country as well as serve its portfolio of customers.

GCC Firms Embark On A Cautious Investment Spree In Africa

Africa’s fast growing economies have transformed the continent into a booming frontier market, but risk is still a primary concern for GCC investors.

Moroccan Business Tycoon Acquires 40% Stake In Nigerian Insurance Firm

Saham’s acquisition marks it’s entrance into Nigeria’s insurance market, one of the most promising emerging insurance markets.

Zimbabwe Woos Turkish Investors

Zimbabwe is representing Southern Africa at the summit by virtue of President Mugabe holding the Sadc Chair post. He is also First Deputy Chair of the African Union.

African buyers lead prime central London property purchases, says agency

It’s not wealthy Russians of Middle Eastern buyers who have bought the most prime central London property over the last few years, but Africans, says the Black Brick agency

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