Managers of Wealth Africa

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

QNB Group signs MOU with Attijariwafa Bank of Morocco

World's Strongest Bank, has signed a Memorandum of Understanding with Attijariwafa Bank, the first Bank in Morocco and one of the largest in Africa.

Bank homes in on Chinese clients in Africa

Standard chartered tailors services to better serve company operations

Mauritius’s AfrAsia Bank CEO Sees Kenya as Next Expansion Step

AfrAsia Bank Ltd. is considering expanding in Kenya

Zimbabwe: Standard Bank Scoops Award

Standard Group Limited has won the Sustainable Bank of the Year award for Africa and the Middle East.

Societe Generale strengthens presence in sub-Saharan Africa

In Ghana, SGSS will provide custody of Ghanaian equities and bonds and a comprehensive foreign exchange and cash management service to a clientele of Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to

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