Managers of Wealth Africa

Centum, Kirubi sell UAP stake to Old Mutual

The sale is in line with Centum’s mission to be Africa’s foremost investment channel

Old Mutual will consider raising India joint venture stake

Anglo-South African financial services firm Old Mutual will discuss with partner Kotak Mahindra upping its stake in their Indian joint insurance venture following a rule change

Old Mutual To Buy $97M Stake in Kenya Finance Firm

Old Mutual PLC Friday said it is buying a 23.3% stake in Kenya-based UAP Holdings Ltd, an East and Central African financial services company, for KES8.88 billion, or about USD97.6 million, part of its strategy to expand in Africa.

Skye Bank: An Attractive Investment Opportunity

At below N3 per share and with bright prospects after acquiring Mainstreet Bank Limited, Skye Bank is a good investment

Fidelity Bank Offers Nigerians Abroad Opportunity to Own Homes

Concerned by the huge housing deficit in the country, Fidelity Bank Plc, through its ‘Fidelity Diaspora Mortage,’ is offering Nigerians in the Diaspora the opportunity to own homes in Nigeria.

Seplat, Unity Bank, Others Join NSE Indices after Year-end Review

Seplat Petroleum Development Company Plc has been included in the Nigerian Stock Exchange 30 Index, just as Unity Bank Plc joined the NSE Banking Index.

Standard Bank Wins 2014 IFM Award for 'Best Managed Bank, Angola'

London-based International Finance Magazine has conferred the 2014 award for 'Best Managed Bank' in Angola to Standard Bank.

Nigerian banks partner to offer SME-friendly loans

Eleven Nigerian banks, led by the country’s oldest financial institution the Bank of Industry (BOI), have partnered to fund the establishment of small and medium enterprises (SMEs) in the West African country.

RMB sees Nigeria’s creative industry as catalyst to economic growth

In a clear move to replicate feats already achieved in South Africa’s creative arts sector, Rand Merchant Bank Nigeria Limited has unveiled a new partnership with the Nigeria Theatre Society, aimed at harnessing the immense potentials of the country

Nigeria: Equities Market Sheds N1.748 Trillion to Close Year At N11.478 Trillion

The market had appreciated by over 47 per cent in 2013 before the decline in 2014.

Insurance Industry Attracts $750m Investments on New Banking Model

Despite fears been nursed in some quarters over the future of the Nigerian economy, the nation’s insurance sector has in the last one year attracted about $750 million in foreign direct investment.

Somalia opens first insurance company in over 20 years

The first insurance company of Somali in over 20 years opened in its capital Mogadishu on Monday

World Bank Approves $170m for Females in Africa

The Sahel Women’s Empowerment and Demographic Dividend Project would also help promote regional knowledge and data on proven gender development programmes

Mayberry sells Access shares

After an initial investment of J$38 million in 2006, the investment bank says it will earn approximately J$955 million or US$8.34 million from the transaction.

DGCX launches three new Emerging Market currency futures

Expanding its suite of Emerging Market products, the Dubai Gold and Commodities Exchange, today announced the launch of three new currency contracts Russian Ruble Futures, Korean Won Futures and South African Rand Futures.

Who did buy Bourse Africa?

CAHL, which FTIL said had agreed to pay $40 million, is six months old, with share capital of 1,000 Mauritian rupees; FTIL says deal followed transparent bidding

Skye Bank Appoints Interim MD For Mainstreet Bank

Skye Bank Plc says it has appointed Mrs Amaka Onwughalu as interim Managing Director for Mainstreet Bank.

HSBC Sees Bonds Gaining On Loans As Oil Curbs Cash

Bank liquidity may be affected by oil prices, says HBSC debt-capital markets head for MENA.

Atlas Mara Increases Investments In Nigerian Union Bank

This was facilitated via the acquisition of about 20.9 percent of Union Bank’s holdings from the Asset Management Corporation of Nigeria (AMCON), for a purchase price of approximately $250 million.

Access Bank, UBA get ready for instant transfers

Two banks, Access Bank and United Bank for Africa Ghana, have expressed their readiness to integrate their online banking gateways to that of the Ghana Interbank Payment and Settlement System to enable them to take part of direct transfers between banks.

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