Managers of Wealth Africa

Money-Market Investors Risk Losses on African Bank Debt

Funds may use one day’s worth of accrued interest to offset losses, the Financial Services Board said in a circular to money managers yesterday.

Stanbic IBTC unveils campaign to boost investment in mutual funds

A fund manager is hired to invest the cash the investors have contributed

CBZ sets up off shore fund in Mauritius

CBZ Holdings has set up a fund in Mauritius to mobilise offshore lines of credit to finance its local projects, group chief executive officer Never Nyemudzo has said.

IMF says ready to help Ghana address its economic challenges

Ghanaian President John Mahama last week ordered his government to open talks with the IMF as part of efforts to fix the economy and stabilise the cedi currency which has slumped around 40 percent this year.

Is Africa the New Land of Opportunity for Energy Investors?

The Energy Report, Kelty riffs on shale in the U.S., basement reservoirs throughout the world and the news out of Africa. The investment opportunities are many.

African Bank’s bond yields spike to 47%

Bond investors in African Bank Investments Limited, who sent prices plunging by more than 50 percent last week, are joining shareholders in signalling the local provider of unsecured loans is running out of options.

Alternative investments to grab up to 40 pct of revenues by 2020

Alternatives that are marketed to mom-and-pop investors will remain red-hot

Ex-Im Bank and Angola Sign Memorandum of Understanding To Boost U.S.-Angolan Trade

The three-day summit, which has drawn heads of state and ministers from across the African continent, is designed to advance shared priorities

Seychelles bourse opens up derivatives market

The newly formed Seychelles Securities Exchange, Trop-X, has launched a derivatives market, the latest bid by the bourse to entice investors in the AMEA (Africa, Middle East and Asia) markets.

Insurers generated N179.9bn premium last year –NAICOM

The National Insurance Commission, NAICOM, has said 22 insurance companies in Nigeria generated N179.9bn gross premium income in the 2013 financial accounts.

Carlyle Co-CEO Sees Africa Private Equity ‘Explosion’

Carlyle Group LP Co-Chief Executive officer David Rubenstein said the private-equity industry “will take off” in Africa as his company and Blackstone Group LP (BX:US) backed energy partnerships with the continent’s richest person.

Africa gets its marketing ploy: Welcome the Africa 8

Ecobank assessed sub-Saharan African markets on a weighted framework of 15 indicators including political, legal, regulatory and infrastructure metrics.

Standard Chartered Raises Commitment to ‘Power Africa’ to $5bn

A lack of access to electricity is one of Africa’s most critical infrastructure challenges

Investors Plunging Into Nigeria’s Pool Of Opportunities

The firm further revealed that its Strategy advisor for Africa, Reid and Jeff Blackbeard, are visiting Nigeria to meet potential investors

Zimbabwe: RM Insurance to Rebrand to Old Mutual

It provides insurance solutions to the insuring public, commercial, industrial and corporate entities

Nigerian banks trump Kenyan counterparts, says RenAsset's Richter

There is a strong divide between banking stocks in East and West Africa

Kenya's stock exchange prices IPO, plans derivatives market

The Kenyan government owns a small stake.

Nigeria’s FirstBank issues $450 Eurobank

Nigeria’s This day newspaper report on Monday noted that the Eurobond also has a coupon of 8 percent and 8.25 percent yield to maturity.

Ascent Capital raises Sh4.3bn for its Equity Fund

The firm will invest in eight to 12 countries across the region with a spend size of between Sh87 million and Sh791 million.

Row accentuates how shareholder activism cuts both ways on the floor

The standoff has meant that for the past four years, Accentuate has been unable to pass special resolutions at its AGMs.

Alternative Investments