09/05/2014
Oyekan said the floating of the fund will appeal to sophisticated and institutional investors that believe in the growth story of companies listed on the NSE and by corollary, in the abundant growth opportunities that exist in Nigeria.
09/05/2014
Fidelity Life Assurance has applied for a new $10 million bond limit after its initiation floatation was oversubscribed by $5 million.
09/04/2014
NEW legislation by the end of the year is expected to attract more individual investors to the previously unregulated hedge fund industry.
09/04/2014
Southern Heritage Limited is to be a newly incorporated open ended investment holding vehicle domiciled in Mauritius.
09/04/2014
African countries have been selling bonds at a record pace this year, but the latest deal might raise more than a few eyebrows.
09/04/2014
Sanlam to spend $52 million to raise India insurance stake
The company has already spent another 1.5 billion rand on expansion since January
09/04/2014
The collapse of African Bank Investments Ltd., South Africa’s largest provider of unsecured loans, last month froze the nation’s corporate bond market.
09/03/2014
If Nedbank converts its $285m loan to West African banking group Ecobank into an equity stake, it will help the local bank catch up with its rivals, which have made significant inroads in the rest of Africa.
09/03/2014
That compares with an average 35 basis-point drop in emerging-market yields, according to Bloomberg indexes.
09/02/2014
South Africa’s Bidvest mulls London IPO
Bidvest, one of South Africa’s largest conglomerates, is considering listing its food services business in London to help fund acquisitions and growth, in the latest sign of African companies tapping the UK capital markets.
08/29/2014
High stakes for high return, if you can stick it out for the long term - investors are buying into a boom in sub-Saharan African real estate.
08/28/2014
PIC plans to improve returns by investing to reinvigorate the flagging economy.
08/27/2014
At the signing ceremony held in Lagos yesterday, directors of SIAML and all other professional parties signed the deal to issue 10,000,000 units of the Fund of 100 each at par
08/25/2014
The five-year bond will be issued on 27 August. The coupon rate is yet to be announced pending results from a market study.
08/25/2014
Bob Diamond's co-founded Atlas Mara has completed the acquisition of BancABC's parent company and African Development Corporation (ADC) in the first step towards realising its dream of becoming a giant financial services group in sub-Saharan Afr
08/22/2014
Actis DB Holdings Limited currently holds 14.79 per cent of the issued share capital of Diamond Bank.
08/22/2014
The company said the prospective capacity boost was "small by world standards"
08/22/2014
In early August this year, African Bank, the banking arm of African Bank Investments Limited, received a 1.6 billion US dollar bailout by the South African Reserve Bank
08/22/2014
Kaberuka said the bank would be a “symbol of the renaissance of the Ivorian economy after a decade of recession
08/21/2014
The gist of the statement, according to Mr Verster, is this: African Bank’s management made a compelling argument.