Managers of Wealth Africa

SA banks reap rewards of difficult African ventures

BANKS are starting to reap the rewards from their operations in the rest of Africa, with Standard Bank benefiting the most from its continental footprint.

Eni hires BofA Merrill to advise on US$5bn Mozambique gas deal - sources

The oil and gas firm needs partners to share the huge investment required to develop the large Mozambique project.

Diamond buys African bank

Bob Diamond-backed investment company Atlas Mara said it would acquire sub-Saharan African bank ABC Holdings Limited and ADC African Development Corporation AG for up to $265 million in cash and shares.

China Development Bank Deals Mark Africa Push

For access to Africa, China’s state-owned China Development Bank has, not surprisingly, turned to the two most prolific African colonizers, Britain and France.

SA mergers, acquisitions forecast to rise

Merger and acquisition volumes in emerging markets may have touched the lowest levels since 2009 in the first quarter of this year but local M&A activity is anticipated to be on an upward trend as cash continues to chase strategic assets.

Barclays Bank profit soars on the back of poor service

Barclays Bank ended last year with a profit before tax of GH¢202.5 million, representing a 35 percent increase in earnings for 2013 from GH¢150 million recorded for 2012.

FCMB Capital backs Nigeria’s first green building with US$65m structured debt

First City Monument Bank Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, is throwing its financial weight behind Nigeria’s first green building by providing a structured debt of US$65 million for its construction.

StanChart takes battle to investment banking

Competition among commercial banks for lucrative investment advisory services is set to hot up with Standard Chartered bank announcing yesterday it will be going flat out to land major infrastructural deals.

Nimble boutiques take on established names as eczellon capital signals ambition

The private sector has to lead the charge for development, especially investment banks

Expert Urges Investment Banks to Support FG’s Developmental Effort

For Nigerian as one of the next frontier market to achieve its developmental goals, investment banks in the country must assist the government by not just investing in critical infrastructure but providing solution to the various problems plaguing the cou

Kenya tops region in 2013 private equity fund deals

Kenya signed the highest number of private equity deals last year in sub-Saharan Africa ahead of its main rivals South Africa and Nigeria

Barclays, Hana Bank to establish Korea desk in Joburg

In a sign of rising Asian investment commitment to Africa, the corporate and investment banking division of Barclays Africa announced on Wednesday it had agreed with South Korea’s Hana Bank to establish a Korea desk in Johannesburg.

Standard Bank Africa strategy ‘gains traction’

The sale, still waiting for regulatory authorities’ approval, will release capital to be used to grow the African businesses.

Barclays crowned as Best Foreign Investment Bank in Egypt in 2013

The award has come to recognise Barclays successful strategies and policies in addition to its ongoing efforts to provide clients with the best products and services

Kenya: Ecobank Announces Plans to Set Up an Investment Banking Unit By June

The Ecobank's investment banking division will primarily target government deals in debt market for infrastructural development.

Kenya: KCB Gets CMA Nod for Investment Banking

Kenya Commercial Bank Group is ready to embark on investment advisory business after getting approval from the Capital Markets Authority to operate an investment bank.

Tanzania: South Africans to Shore Up Tanzania Logistics

The Development Bank of Southern Africa has joined forces with the Tanzania Investment Bank to finance various infrastructure projects.

Need for Zenith Bank to increase risk asset exposure

The analysts believe that Zenith Bank’s liquid and highly capitalised balance sheet was a key part of its strength during the year.

Salamanca Group opens office in South Africa

Salamanca Group, the London based Merchant Banking and Operational Risk Management business announces the opening of its South African office in Cape Town.

Societe Generale Securities Services teams up with SGBCI's securities services in Ivory Coast

With over 50 years experience, SGBCI is a benchmark reference in West African banking and is the leading bank in Ivory Coast.