Managers of Wealth Africa

SIB Mansa-X fund assets surge to Sh12 billion

The Capital Markets Authority-regulated fund has attributed the growth in assets to increased participation among local investors along with the double-digit returns.

Herbert Wigwe to join Stanbic Nominees, as his controlling stake in Access Bank hits 5%

As of December 2021, Stanbic Nominees Nigeria Limited was the only entity or investor with 5% and above stake, accounting for 11.50 per cent controlling stake.

5 key takeaways from Barclays' proposed expansion into the African financial sector

Barclays, a British multinational universal bank, has planned to expand its banking services in Africa.

Coronation Merchant Bank advocates for Responsible Financing to Enhance Sustainability

The session was the fifth in the company’s interactive webinar series focused on generating solutions to topical economic challenges across the African continent.

TCS bags contract from Africa’s Absa Corporate and Investment Bank

The bank chose the TCS BaNCS Global Securities Platform, a next-generation post-trade processing solution, as part of its strategic transformation initiative.

Deutsche Bank to boost team in South Africa

Pillay was hired by Deutsche earlier this year from South African bank Absa Group Ltd

Standard Chartered’s operating profit in Middle East, Africa hits near 10-year high

First-quarter 2022 profits crossed $300mln for the first time in nearly a decade

Barclays sells off half of Absa stake for £526m

The placing was made through Barclays Principal Investments subsidiary, with Absa, Citigroup, Banco Santander and Société Générale arranging the sale.

Standard Bank in Talks with ICBC About Exiting Joint Venture

The combination sought to serve the growing demands of Chinese clients for global commodities, fixed income and other products, though also has some exposure to Russia -- currently a financial pariah after the invasion of Ukraine.

MENA investment banking fees totalled $1.4bln in 2021

In 2021, equity capital markets recorded their strongest year in 13 years, producing $334.4 million in fees

Standard Chartered Asked to Reveal Zimbabwe CEO’s Fate

Mutasa said union members had said that Watungwa hasn’t been seen at work recently.

Morocco’s BCP Bank open to acquisitions in Africa, CEO says

Like many other Moroccan banks and companies, BCP has stepped up investments in Africa, boosting the kingdom's economic clout.

UBS retreating from South African investment-banking ops – sources

The bank is said to be covering its key corporate clients in the region out of London.

Ecobank Group secures US$112mn credit facility from EIB to fund SMEs

This latest cooperation with Ecobank Group will help companies to better tackle challenges triggered by the COVID-19 pandemic, unlock economic and social opportunities, especially for SMEs and women-owned and women-run enterprises, across Sub-Saharan Afri

EIB President Werner Hoyer and Cabinet Secretary open East Africa Hub

At the European Investment Bank we are committed to enhancing the impact of our sustainable investment around the world in close cooperation with our global partners and through an increased local presence of our technical, environmental and financing exp

Afreximbank is Joint Lead Manager for Fidelity Bank $400m Eurobond

The bond is priced at a Re-offer Yield of 7.875 per cent and a coupon of 7.625 per cent.

Absa claims big night at CIMG Awards

Managing Director, Abena Osei-Poku’s relentless outlook, experience and overall knack for spotting new business opportunities continue to serve the bank well.

AIIB’s Membership in Africa Grows as Nigeria Joins the Bank

Prospective members, including Nigeria, will officially join AIIB once they complete the required membership procedures

AfrAsia Bank recognised for the 2nd time as the “Best Banking & Custody Provider: Global Custodian” by AGF Africa Service Providers Awards

This recognition further inspires us to actively explore the dynamic changes on the custodian landscape and reinforces our commitment to provide our clients with best-in-class services and pertinent market updates to continually ensure the safety of their

Standand Bank is named Africa’s best bank by Global Finance report

Global Finance also said the bank spent much of last year further developing its OneFarm platform, designed to improve Africa’s agribusiness sector by giving farmers access to financial and other services that will let them migrate from subsistence

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