Managers of Wealth Africa

SA Firm Plans Zimbabwe Investment Bank

South Africa-based company JM Busha Investments plans to set up an investment bank in Zimbabwe in a bid to expand its business in the region.

Banks look to African horizon

Bank of China and the Nedbank Group have entered into a strategic business cooperation agreement to boost business between China and Africa.

Barclays Africa: spreads wings over continent

Barclays Africa is being eagerly watched to see if its revenue growth on the rest of the continent can outpace that of its rivals.

Cameroon: Financing the Economy - Banks Inject More Money

The statistics may not be surprising given economic happenings in the country in the past one year.

First Bank of Nigeria’s Profit Little Changed as Costs Rise

The West African nation’s third-largest lender by market value, said first-half profit was little changed as costs increased.

Brics business leaders look to boost trade with Africa

After their March summit in South Africa, leaders of Brics nations Brazil, Russian, India and South Africa failed to launch the much-anticipated bank.

Standard Bank Targets Corporate Clients in Angola as It Expands

Standard Bank Group’s (SBK) Angolan unit is targeting corporate clients with annual revenue of more than $100 million

Investec Shuts Australian Resources Arm, Lays Off Staff

South African bank Investec Ltd. has closed its Australian resources arm

BNY Mellon named Best Transactional Bank in Europe, the Middle East and Africa

The award recognises BNY Mellon's innovative approach to developing and implementing client-focussed solutions in transactional banking

Bank of China and the Nedbank Group formalise alliance

Bank of China and the Nedbank Group have entered into a strategic business cooperation agreement to grow business flows between the People’s Republic of China and Africa.

Goldman hired as African Bank sorts Capital

African Bank Investments Ltd. hired Goldman Sachs Group Inc. to help raise as much as $405 million as South Africa’s largest provider of unsecured loans seeks to replenish capital and hasten the sale of a retailing unit.

Why a Caribbean bank decided to invest in Ghana

In recent years Africa has attracted investment from firms across the world. Companies located in the Caribbean are, however, not known to be major investors in the continent.

First Rand still interested in acquiring a bank in Ghana

South Africa's biggest finance group, First Rand says it is still interested in acquiring a bank in Ghana despite failing to take over Merchant bank

Early Warning for Rating Agencies and Investment Banks

Law firm Corrs Chambers Westgarth has cautioned credit rating agencies, investment banks and investment managers to tread carefully when promoting financial products.

Absa hit by First Strut liquidation

Absa Group, the South African bank controlled by Barclays, said it loaned 30 million rand ($3.1 million) to First Strut Ltd., which went into liquidation earlier this month.

Capitec exploring offshore markets

Capitec Bank South Africa’s second-largest provider of unsecured loans, is weighing debt sales abroad for the first time and expanding overseas as lending growth stalls at home.

Nigeria Banks Drop as Central Bank Tightens Policy: Lagos Mover

igeria’s banking index fell the most in a month after the central bank tightened monetary policy

Nigeria recorded $1.29bn foreign direct investment in 3 months

The continued dominance of portfolio investment in aggregate foreign capital inflows, according to the apex bank, was due largely to the higher returns on domestic financial assets

Britain Leads M&A Investment In Africa?

A recent study reveals Britain as the leading merger and acquisition (M&A) investor in Africa in the last decade

Ecobank Plans to Hire Investment Bank Head to Tap African Growth

Ecobank Transnational Inc. is seeking a new investment banking chief

Investment Banking