Managers of Wealth Africa

Africa's Afreximbank says to issue $500 mln bond by year-end

The bank has almost already raised an initial tranche of $500 million, partly through equity, taken up by existing shareholders, pension funds and global investors, he said.

Standard Bank the first African bank to chair Equator Principles Association

Standard Bank has been appointed the new chair of the Equator Principles Association for 2015/16, making it the first African Bank to be elected to this position

Exim Bank of China Opens Representative Office in Morocco

The representative office is the first Chinese financial institution to open in Morocco. It aims to serve Morocco and 26 African countries in north, central and West Africa and provide financial service for Chinese companies in the region, the same source

Brics bank to guzzle SA billions

The bank, established by the five countries making up Brics - Brazil, Russia, India, China and South Africa - will start operating with an initial fund of $50-billion

Algerian Market Core to Bank's Strategy; Serving Institutional Businesses for More than 20 Years

Citi's CEO for the Europe, Middle East and Africa region, Jim Cowles, recently visited Algeria, where he met with key officials, clients and employees. Visit was an opportunity to reiterate the Bank's strategic commitment to Algeria, where the b

Gulf banks increase lending footprints in Asia, Africa

A few years ago, Gulf banks were junior partners in loans

East Africa’s KCB Group launches SCF programme

We see tremendous opportunities that will benefit both our corporate and SME client base to build much more efficient value chains. George Mutiga, KCB.

Manchester office of Altium advises Singh family on £1.9bn sale of New Look

New Look is the leading fast fashion retailer in the UK for the under 35s with more than 800 stores worldwide.

Emirates NBD closes $235 million facility for FirstRand Bank

Emirates NBD Capital Limited (coordinator and bookrunner) has announced the successful closure and signing on 12 May 2015 of a $235 million term loan facility for FirstRand Bank Limited.

African Bank Says It Halted Incorrect Customer Interest Charges

The adjustments that have been made since August will have “limited impact on revenue”

Standard Chartered Said to Mull Sale of Private-Equity Assets

The U.K. bank is working with an adviser to sell the holdings, which include stakes in companies throughout Asia, the Middle East and North Africa, said the people, who asked not to be identified because the information is private.

Société Générale, a bank committed to Africa

SGBGE has been accompanying Equatorial Guinea’s growth for decades and plans to continue doing so in this new economic reality

African Development Bank presidential candidates outline their aims

As Donald Kaberuka prepares to relinquish the reins as AfDB chief, his potential successors reveal their plans

Standard Bank Group signs deal with Woori of South Korea

Stanbic Bank is part The Standard Bank Group whose footprint stretches across 19 countries.

AfDB invests $50 million in CEC Africa

The Board of Directors of the African Development Bank (AfDB) approved on 29 April 2015 a $50 million investment in CEC Africa Investments Limited

Afreximbank helps $8 billion investment into Africa in 2014

The African Export-Import Bank (Afreximbank) attracted some $8 billion into Africa in 2014 through the 19 syndicated financing deals which it either arranged or co-arranged

Standard Bank leads Malawi bond market debate

Standard Bank Head of Investment Banking Shakil Sattar said the objective of the Bond Symposium is to provide a platform to discuss Debt Capital Markets in Malawi and the Region.

Stanbic Bank named best FX provider

The global finance magazine awards are annual awards which recognise the leading players in foreign exchange trading across the world.

Associated Discount House gets merchant banking licence

The divestment was announced at the company’s 21st AGM on Thursday April 30th

Morocco reins in cross-border bank expansion

Moroccan banks have recorded strong growth in the past few years by expanding abroad