Managers of Wealth Africa

Power Reform Pushes Nigerian Banks to Debt Market

The desire to actively finance the activities of investors in the power sector has driven a lot of Nigerian banks to the debt market.

Tiger Brands wary of African assets after Nigerian misadventure

ITS investment in Nigeria had taught Tiger Brands not to be hasty when pursuing growth opportunities in Africa

SA fund manager second top owner of Umeme Ltd

Investec Asset Management is now the second largest shareholder of Ugandan electricity distributor Umeme Ltd, which is cross-listed in Kenya, after it bought a 18.47 per cent stake.

Nigeria’s Diamond Bank Issues $200m Eurobond

The transformation process has so far yielded fruit

Nigeria: CBN Deducts N111 Billion From Banks for AMCON Sinking Fund

The Central Bank of Nigeria last week deducted from banks N111 billion as contributions to the Sinking Fund of the Asset Management Corporation of Nigeria

Namibia: Allan Gray Namibia Brings New Investment Offerings

Previously only available to retirement funds, the newly registered Allan Gray Namibia Balanced Fund is also suitable for individuals and non-pension fund clients.

FCMB Set to Close Financing Deal for 450mw Azura IPP

FCMB Capital Markets Limited targets to close the financial deal of the 450 megawatt-capacity Azura-Edo Independent Power Plant by the end of June 2014, with the investment of equity, mezzanine finance, and non-recourse loans, raised from local and intern

Future May be Bitter for Chocolate Lovers Leading Processor Warns

The future may be bitter for chocolate lovers unless cocoa producers step up their output dramatically to satisfy an expected surge in demand from emerging market countries, an industry executive warns.

Anglo American CEO sees 20% returns after rejigging mine assets

Cutifani: 31 of 69 assets in the group contribute only 2% of EBIT

Stokvels represent untapped market

Stokvels are traditional collective savings schemes, which typically involve members making a regular contribution to a pool

Pan African University in €20m deal with German Bank

The Commission of the African Union has urged member countries to focus more effort on research into water and energy sciences development to enhance the state of the art service delivery to Africans.

Mauritian bank to expand operations in SADC

Bulawayo – Mauritius-based AfrAsia Bank Limited says it will soon invest in other Southern African Development Community countries, as its confidence in regional economies increases.

An Africa Isa? The charts that suggest investing early in frontier markets pays off

Early investors may catch better returns. Those who backed China’s nascent economic boom in the Nineties achieved an incredible total return of 940pc in that decade, theoretically turning £10,000 into nearly £104,000.

Kenya's bourse to sell up to 38 pct stake in IPO

The Nairobi Securities Exchange will sell up to a 38 percent stake in an initial public offering by the end of next month to raise funds for new products and enhance transparency

PE fund boosts China-Africa cooperation

Chinese Premier Li Keqiang proposed that China and Africa upgrade their cooperation during his eight-day trip to Africa

Group Expresses Concern Over Size of Africa's Portfolio Market

The conference, which is the third in the series, will bring to a roundtable, the foreign investors, with regulators from Nigerian Securities and Exchange Commission

ING IM liquidates MENA fund following manager exits

NG IM announced that the closure of the fund coincides with the decision to end all MENA equity investment activities

Globalscope Expands in China and South Africa

Extensive sector meetings and best practice presentations by the Globalscope members evidenced the close relationships established in the network for the continuing benefit of its clients.

Nigeria: Are African Issuers About to Get the Show on the Road?

Nigeria’s Diamond Bank Plc will start meeting with global bond investors Wednesday as it attempts to sell its first ever dollar bond after shelving plans twice before. It could kick-start a mini-wave of international bond deals from the continent.

Liberty: Nigeria expansion plan delayed

Abuja - Liberty, the South African insurer controlled by Standard Bank, said its investment plans in Nigeria may be held back after a wave of deadly bombings and kidnappings in the West African country.

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