Managers of Wealth Africa

Inside the luxury R70 million home of a former SA banking exec – on auction

The luxurious and ultra-modern ‘Glass House’ is located off Rocklands Road in the suburb of Rooi Els, overlooking False Bay in the Western Cape.

South Africa's Standard Bank fined $800 by Angola's cbank over forex violations

Standard Bank is of the view that it has not transgressed or misinterpreted the framework for implementation of foreign exchange resources and will defend its position.

EIB establishes office in Ethiopia

The signing of the agreement is an important milestone in the longstanding relations between Ethiopia and the EIB with regards to providing finance to key infrastructure projects.

Bank of England, offshore centres holding SA gold worth R75bn

The reason for storing most of South Africa’s gold in offshore bullion centres was that it was “operationally efficient” to do so should the need arise to conduct gold transactions.

Pan-African lender Ecobank may close some operations

But falling global commodity prices that have hit economies in countries such as Nigeria and Ghana have caused revenue to slow, profits to fall and triggered a shift in approach.

Citigroup Says Credit Trading Executive David Cohen to Leave

Combined debt trading revenue fell 29 percent in the quarter at nine of the largest firms, part of a multi-year decline as the business faces headwinds from skittish investors and new rules.

Tanzania’s M Holdings gets CBK nod for Oriental Bank stake

The transaction and consequent changes are expected to be completed by September this year.

FBN Capital to boost investment banking

FBN Capital, the investment banking and asset management subsidiary of FBN Holdings Plc, was recognised for consistent and outstanding performance by three financial awards institutions.

Rwandan Tobacco Millionaire Tribert Rujigiro Sues Kenyan Investment Bank For $570,000

In 2008, Rujigiro purchased 8.8 million shares in Safaricom through Dyer & Blair for Ksh 61.4 million, which at the time was equivalent to $1 million.

Government to Allocate TZS100b to Tanzania Investment Bank Group in 2016–2017

The TIB Group is comprised of – TIB Development Bank, TIB Corporate Finance, and TIB Rasilimali.

GN Bank Liberia Limited Pledges Excellence Banking Service

We pledge to serve with discipline and enthusiasm”, the bank stated.

FBN Holdings: Still Profitable Against All Odds

The bank succeeded in improving its gross earnings against the tide of very harsh operating environment as driven by increased interest income on loans to customers

NIB’s profit grows by 51.28 percent

The National Investment Bank’s profit after tax for the year 2015 grew from GH₵ 79.39 million in 2014 to GH₵120.11 million

Standard Bank Launches New Insurance Product

Standard Bank Chief Executive Phil Mnisi said the product covered family members, spouses and other dependants.

Zambia: AfDB to Curb Illicit Financial Flows

Dr Adesina said that over US$50 billion was being siphoned out of Africa through tax avoidance and evasion.

PIC considers black consortium for Barclays Africa

Barclays Africa is one of the big four banks that dominate South Africa’s financial sector.

Barclays Africa division weighs joint venture with Barclays plc

Barclays Africa has also informed its parent that it would like to include a sale of shares to black investors as part of the exit plan, Lucas-Bull said.

Portuguese company partners Russian bank to support investors in Mozambique

Dominio Capital is a finance, business and investment company focused on Portuguese-speaking countries.

Ministers meet with Standard Bank over Guptas

Business Day said that the meeting took place two weeks ago and involved explanation from the bank on the regulatory requirements to report suspicious transactions.

Barclays Africa Said To Attract Abraaj-led Group For Stake

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays’s African unit

Investment Banking