Managers of Wealth Africa

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

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.

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

Atlas Mara Co-Nvest Limited: Interim Management Statement

Atlas Mara's strategy is to create Sub-Saharan Africa's premier financial institution through a combination of its experience, expertise and access to capital, liquidity and funding.

UAE Exchange eyes Ghana, Nigeria and South Africa

The business has 135 branches in the UAE, and in all has more than 725 branches in 32 countries.

Xinhua Insight: Sino-Africa cooperation brings more "made-in-Africa" goods

Every morning, more than three thousand workers in uniform do morning exercises before taking their places on a leather shoe production line.

Diamond Bank calls for increase in export of non-oil products

Diamond Bank PLC, a leading retail bank in Nigeria, has urged entrepreneurs in the import and export business to focus on increasing non-oil exports, especially as the glut in oil and gas production and supply has led to a slump in the price of the produc

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