Managers of Wealth Africa

South Africa: Standard Confirms Sell of Its London Operation

Proceeds of the transaction will be deployed in furthering the group's growth strategy in South Africa, and across the African continent, subject to necessary approvals.

ICBC Acquires 60 Percent of Standard Bank’s U.K. Business

The price is $75 million or 10 percent less than Standard Bank, Africa's largest banking group by assets

ICBC buys stake in Standard Bank’s UK business

Standard Bank said on Monday it had completed the sale of a majority stake in its London-based global markets business to Industrial and Commercial Bank of China, but for about 10 per cent less than it had previously announced.

Barclays taps into growing Chinese investments in Kenya

Barclays Bank of Kenya has identified Chinese business investors in Kenya as a key investment banking growth driver this year

South Africa's Standard Bank to open rep office in Ethiopia

It will not offer commercial banking services, such as taking deposits or lending, as only Ethiopian state-owned or private institutions are allowed to run such operations.

Investment banks’ Africa fees decline

Investment bankers earned lower fees for services in sub-Saharan Africa last year than the previous year as fewer deals were completed and debt issuance fell.

Standard Bank Seen Writing Off Metal Held in China Probe

The Johannesburg-based lender has already written down the value of the metal by about half and said last month that any recovery was highly uncertain.

Nigeria’s Biggest Threat Has Just Landed

The banking giant said on Friday that it would assess Nigeria’s suitability to remain in the key emerging currency bond index because of a lack of liquidity in the African country’s forex and bond markets, reuters reported. It has already plac

Standard Bank named best FX provider in Africa

Standard Bank Group, Africa’s largest lender by assets, has been named Best Foreign Exchange Provider in Africa for a third successive year for the 2015 Global Finance World’s Best Foreign Exchange Providers Awards.

Dunn Loren Merrifield Wins 2014 IFM Award for 'Best Investment Bank, Nigeria'

London-based International Finance Magazine has conferred the 2014 award for 'Best Investment Bank' in Nigeria to Dunn Loren Merrifield.

One among many

China has become big in Africa. Now for the backlash

Nigeria’s Access Bank opens representative office in China

Nigeria’s Access Bank Plc has opened a representative office in China in its bid to become the world’s most respected African bank.

Standard Bank Staff the best in Africa again

According to the bank’s Marketing and Communications Sazikazi Hlophe, the bank did not only win the prize money but an additional trophy

Local lenders follow global banks up

This has pushed-up valuations to an average price-earnings ratio of 13.6 for the banking sector

Ecobank named Investment Bank of the Year in Industry Awards

Ecobank has been named Investment Bank of the Year in the Wealth and Finance International magazine Finance Awards 2014.

Ecobank concludes $100m loan facility deal with European Investment Bank

Ecobank continued to contribute positively to the African economy by increasing the levels of credit available to businesses while at the same time generating long-term value for its shareholders.

Nedgroup Investments’s major branding problem

What does the label say?

Standard Bank signs multi-billion rand loan

An over-subscription of US400 million was obtained, allowing for a final take of US700 million.

ETI Secures $200m Loan Facility from Deutsche Bank

The ability of the Ecobank Transnational Incorporated (ETI), the Lome-based parent company of the Ecobank Group, to do more business and generate more revenue has been boosted as the bank received $200 million senior unsecured loan facility from Deuts

Local knowledge is key to breaking ground in sub-Saharan Africa – FBN Capital

Discussions at the forum also sought to address questions about the M&A transaction pipeline as we move into 2015

Investment Banking