Managers of Wealth Africa

Equatorial Guinea commits $1bn to a co-investment fund

President Teodoro Obiang Nguema’s government announced the CIF as it hosted a two-day Symposium on the country economic diversification in Malabo.

Eximguaranty is 6th best in Africa

Eximguaranty Company Ghana Limited has been rated the sixth best performing African Development Finance Institution in a peer review rating of DFIs.

Barclays Targets Africa Investment-Bank Expansion Amid Job Cuts

“Trading and investment banking very much has an African focus now.”

Credit Suisse approves $1.4 billion loan for Ethiopian Railway project

The Harro market railway project secured a loan facility in the past week for USD 1.4 billion from Credit Suisse, a Switzerland-based financial group.

FirstBank to discharge receiver manager as Costain (West Africa) liquidates debt, appoints COO

The Bank also stated that steps are being taken to discharge the receivership at the Corporate Affairs Commission and all relevant authorities will be notified as appropriate.

Standard Bank to knock FirstRand, Nedbank off analysts’ favourites list

STANDARD Bank seems to be the top outside bet for banking investors, despite FirstRand and Nedbank remaining the darlings of the market.

Carlyle, Investec buy into Mozambique firm

Investec Asset Management and The Carlyle Group have jointly invested in J&J, a logistics company in Mozambique, for an undisclosed amount.

AfDB Approves $187.3m for Power Sector Investment

The African Development Bank Group has approved a number of financial packages to help advance Nigeria’s reform of her electricity industry.

Namibia: Nedbank, Standard Bank to Finance Langer Heinrich

Paladin Energy announced on Friday that it had entered into new loan agreements with its lenders for financing operations at the Langer Heinrich in the Erongo Region and the Kayelekera project in Malawi.

Nigeria, South Africa, Mozambique top list of investment banking target nations in Africa

Nadim Najjar, Managing Director, Middle East, Africa, and Russia / CIS, Thomson Reuters said in a report on Sub Sahara Africa’s investment banking analysis for 2013 released on Thursday.

Barclays Africa Sells Absa Capital Private Stake

Barclays Africa Group, which listed on the JSE last year, had disposed of its major shareholding in Absa Capital Private Equity Fund for an undisclosed amount

Sanlam looking to expand in Africa

Sanlam Emerging Markets has operations in Botswana‚ Namibia‚ Malawi‚ Kenya‚ Tanzania‚ Zambia‚ Ghana‚ Nigeria‚ Uganda‚ Swaziland‚ India and Malaysia.

Ghana: Investment Bank Sale Prompts Corruption Allegations

Ghanainan investment bank MBG has been sold off for an undisclosed sum to Fortiz Private Equity Fund Limited, a local equity firm based in the capital, Accra.

Falling shares hit Abil bosses and staff hard

The group made an economic loss of R1.5bn compared with a profit of R1.2bn in 2012

Ethiopia hires French firm Lazard to secure credit rating-officials

In an October interview, Prime Minister Hailemariam Desalegn told Reuters that Addis Ababa planned "not only a Eurobond but other bonds as well" once it secured a rating.

IFC acquires stake in Abil

The World Bank’s private-sector lender, the International Finance Corporation has taken a 1.5% stake in microlender African Bank Investments Limited, following its rights issue.

Rights issue ‘sign of confidence in Abil’

African Bank Investments Limited paid investment bank Goldman Sachs about R192m to underwrite a R5.48bn rights issue which was oversubscribed by about 64%.

London Bank Plans African Office After Equity Hires From RenCap

Johannesburg Exotix Ltd., the London-based investment bank boosting its African equities team, plans to open its first office on the continent in the next six months

Cancel Sale of Merchant Bank - Awuni Prays Court

The Executive Director of the Centre for Freedom and Accuracy, Mr Andrew Awuni, has filed a writ at the Accra Fast Track High Court

Leone Asset Management to buy Guinea bank

Leone Asset Management, Inc., formerly known as Sloud Inc., has agreed in principle to acquire Guinea Investment Bank of Guinea in West Africa.

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