Managers of Wealth Africa

Barclays boss told "Don't be a banker for tax-dodgers" as campaigners descend on contentious Annual General Meeting

Any views expressed in this article are those of the author and not of Thomson Reuters Foundation.

Top honour for ABC unit

New York-based Global Finance magazine has named the Arab Banking Corporation-Algeria, a subsidiary of the Bahrain-based Arab Banking Corporation Group, as the "Best Emerging Markets Bank in Algeria" for the year.

Middle East and Africa sees increased M&A activity

M&A activity within the Middle East is also on the rise

Zenith Bank’s $500m Eurobond records 200% over-subscription

The bank is considered to be highly innovative and prudent

Investor tastes are changing

With gold mines, the focus is on cash flow and cutting costs.

French bank BNP Paribas to buy out RCS in SA

The transaction will see BNP Paribas growing its business in South Africa from corporate and investment banking to consumer credit.

Bank of Botswana cancels ABN Amro's banking licence in Botswana

Cancellation of banking licence ABN Amro

Standard Bank seen pausing from record at RMB Morgan Stanley

It climbed the most in the seven-member FTSE/JSE Africa Banks Index after Absa.

Foschini receives offer for its 55 pct stake in RCS

Assuming aforementioned net proceeds were used to implement a share repurchase at current tfg market price of approximately r106 per share

How the bid for David Jones unfolded

Woolworths is paying a multiple of 23.8 times forecast 2014

Standard Bank’s African growth story could lift it higher

A much more pronounced recovery in Barclays Africa was foreseen as management indicated that addressing the higher mortgage debt was a priority.

Warburg Pincus Wagers on Mideast, Africa After Dubai Investment

Warburg Pincus LLC, the private-equity firm managing about $37 billion in assets, is considering investments in Africa and the Middle East as capital starts to flow back into emerging markets.

UAE’s Mubadala Searches For New Breaks In Sierra Leone

Abu Dhabi-based investment and development firm, Mubadala Development Company, seeks new investment and collaboration prospects in Sierra Leone’s Bauxite, Alumina and Iron Ore sectors.

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.

Investment Banking