Managers of Wealth Africa

DeVere gears up for global expansion

Global advice firm deVere announced plans to expand further around the world, claiming it will see a 25 per cent growth in business next year.

Closer Look: A New Chinese Strategy for Business in Africa

Investment deals in Africa linked to French companies with experience on the continent could help China tap into the growth of the emerging market

China, South Africa Strengthen Alliance

South Africa is the comprehensive and strategic partner of China in Africa

Barclays Africa targets half investment bank revenue from outside South Africa

Barclays Africa Group's investment banking division expects countries outside South Africa to contribute more than half its revenue in five years' time after taking on most of its parent's operations on the continent.

PIC and GazpromBank look to co-invest in energy ventures in Africa

The announcement comes after GazpromBank launched GazpromBank Africa yesterday and opened its first representative office in Africa in Johannesburg.

Bob Diamond pounces as global banks retreat from Africa

Bob Diamond, the former Barclays boss who is investing in African lenders, said big global banks have moved “off the stage” in the competition to buy financial assets, creating an opportunity for entrepreneurial new businesses like his.

Four Factors Influencing The Development Of Africa’s Securities Markets

Kenya’s Deputy President William Ruto, in his opening speech, challenged African countries to develop their capital markets.

South Africa's Nedbank to merge corporate, investment banking units

Nedbank, the South African lender majority owned by insurer Old Mutual, will merge its corporate and investment banking units

Societe Generale extends South African custody hub to Mauritius

These services will be provided in Mauritius through SGSS' custody hub in Johannesburg, backed by dedicated teams with extensive experience and expertise in the 11 African markets in which SGSS is present.

Transaction Capital drives organic growth for now

The capital would likely be deployed over a number of transactions and might not be spent to buy a business.

JPMorgan Says Kenya May Be Part of Future Africa Expansion

JPMorgan Chase & Co. (JPM), which has more than 150 staff in South Africa, said it’s interested in establishing an office in Kenya “in time” as part of plans to expand on the continent.

Abu Dhabi Fund for Development to finance infrastructure projects in Madagascar

Madagascar is home to more than 21 million people, and the new projects are anticipated to drive the country’s tourism and agricultural sectors.

New National Development Bank to kick-off with $2bn capital

Ngozi Okonjo-Iweala, Co-ordinating Minister for the Economy and minister for finance, confirmed to BusinessDay that the Federal government is approaching $2 billion as take off capital for the proposed Development Bank of Nigeria

Barclays, StanChart Offers $70m Bailout Capital To SABMiller’s Zimbabwean Subsidiary

Barclays Bank and Standard Chartered are now offering $40 million and $30 million respectively to Delta Corporation.

World Bank grant to help attract energy investment for Southern Africa

The World Bank has approved a $20 million International Development Association grant to help generate international investment in large-scale sustainable energy projects in Southern Africa.

Diamond's Africa bank Atlas Mara says still on hunt for deals

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it remains on the lookout for acquisitions as part of its plan to build sub-Saharan Africa's leading bank.

The so-called BRICS group of nations is fast-tracking the establishment of its New Development Bank.

Brazil, Russia, India, China and South Africa are hoping the financial institution will rival global lenders the International Monetary Fund and the World Bank.

Vibrant capital market to close infrastructure gap

She made the observation in Accra at the weekend, when Izwe Loan Limited was listed on Ghana Stock Exchange (GSE) with GH¢ 80 million Medium Term Note.

Brics to speed up mega Asian bank’s formation

The five Brics nations agreed to speed up formation of a development bank and raised concerns over the pace of the global economic recovery.

China calls for swift movement on BRICS development bank

China on Saturday urged BRICS nations to speed up the creation of a development bank as an alternative to the Western-dominated global financial system.

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