Managers of Wealth Africa

Old Mutual unveils pan Africa fund

Old Mutual Global Investors has launched the Old Mutual Pan African fund, a mirror of a pre-existing $11.75 million Old Mutual Pan African fund run by a South African subsidiary.

W’Bank gives Nigeria, others $10.6bn for 141 projects

The World Bank Group’s loan and grant approvals for Nigeria and other Sub-Saharan African countries have hit $10.6bn.

Global insurers setting sights on Africa, says Leapfrog

LeapFrog generated an internal rate of return of about 80% on Express Life, according to Private Equity International.

South Africa’s best fund managers: Coronation tops chart

Coronation’s embarrassing big bet on African Bank Investments Limited (Abil) failed to knock its performance. The fund management company was ranked, again, as South Africa’s best fund manager.

Unit trusts feel African Bank fallout

The collapse of African Bank in August spooked investors in unit trusts, with the Association for Savings and Investment SA on Wednesday reporting the first decrease in total assets under management for the industry since the 2009 financial crisis.

Leaders Commit Billions in Major New Development Initiative for the Horn of Africa

On the first day of the joint trip, the World Bank Group announced a major new financial pledge of $1.8 billion for cross-border activities in a Horn of Africa Initiative that will boost economic growth and opportunity, reduce poverty, and spur business a

Kenya Seen Selling More Infrastructure Bonds on Demand

Kenya may sell more debt for infrastructure after demand for the bonds on sale this month was more than double the amount offered

Mozambique Plans Capital Fund to Help Small Businesses

Mozambique’s Banco Nacional de Investimentos intends to set up a unit by year-end to act as a venture-capital investor in small businesses judged to have the potential to thrive as the country becomes a major gas exporter.

London Stock Exchange Group Extends Strategic Relationship With Morocco

London Stock Exchange Group (LSEG) and Maroclear, the Moroccan Central Securities Depositary (CSD) today announced they have signed a cooperation agreement to expand the range of services LSEG provides to market participants in Morocco.

Zimbabwe: $700m offshore funds lie idle

Close to $700 million secured for offshore lending to local companies is lying idle with only one percent of the package having been utilised since its approval in the first quarter of the year.

Aditya Birla Group signs health insurance JV with South Africa’s MMI

Aditya Birla Financial Services Group, the financial services arm of the Aditya Birla Group, said on Tuesday that it had signed an agreement to form a health insurance joint venture with MMI Holdings of South Africa.

CVC eyes $700 mln deals in Middle East, North Africa

A target deal size of around $700 million means that opportunities for CVC to invest have so far been limited

Foreign credit to expand in Ghana

In spite of a softer macroeconomic environment, Ghana’s banking sector is in good health, thanks to an increase in assets and strong capital ratios

SA's risky place amongst emerging markets

Even the term emerging markets is no longer an appropriate catch-all when it includes economies as different as China and Russia, or South Korea and South Africa.

New battlegrounds in development finance

he popularity of public-private partnerships to support infrastructure development in emerging countries is growing worldwide.

Troubled South Africa Spells Opportunity for Investors

Despite its sluggish economy, the country offers attractive stock picks from a corporate sector whose earnings have outpaced GDP growth.

A Second Stock Exchange On The Horizon For Namibia

Currently Namibia runs a single local bourse, the Namibian Stock Exchange (NSX) based in Windhoek.

InvestmentOne Acquires Kakawa Asset Management

InvestmentOne Financial Services Limited, a financial services group has expanded its operations with the acquisition of Kakawa Asset Management Ltd (KAML), a former subsidiary of Kakawa Discount House Limited.

Rwanda Starts Its Engine of Green Growth

We have already seen devastating floods in the north of the country and droughts in the east. Landslides have destroyed homes and our unique ecosystems and biodiversity are under threat.

Chinese Yuan penetrates African markets

China is Zimbabwe’s third largest trading partner after South Africa and the European Union, and until recently was the biggest buyer of its tobacco. In 2013, trade between China and Zimbabwe amounted to $1.1 billion.

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