Managers of Wealth Africa

Kenya pays Sh22bn interest for Eurobond debt

The interest payments worked out at Sh4.5 billion per year, payable in two equal bi-annual instalments of Sh2.25 billion, the last of which was paid alongside the principal amount.

Don't expect debt relief, United States warns Africa

U.S. officials have warned that a strategic port in the tiny Horn of Africa nation of Djibouti could be next, a prospect the government there has denied.

Imerman-owned drinks group secures $100 million

Vivian Imerman’s Vasari Beverages has raised US$100 million to expand its operations in Africa and secure new acquisitions.

Amethis Fund II hits €375m final close

Both the Edmond de Rothschild Group and Ariane and Benjamin de Rothschild’s family have renewed their trust and reinvested in the new fund.

Microfinancier taps new shareholders

Its shareholders had in 2016 identified constrained capital as a key weakness.

British CDC to invest US$ 200 million in BMCE Bank of Africa

The group invests in financial institutions to advance financial inclusion and bring better access to affordable finance for individuals and SMEs, helping them to strengthen their communities.

Biggest marine diamond mining vessel gets funded by African banks

The highest quality diamonds in the world are found in our ocean

World Bank report says Ghana needs another $1 billion (GH¢5.5 billion) to complete the financial sector clean up

World Bank says the government of Ghana will need $1 billion (GH¢5.5 billion) to complete the reforms in the Micro Finance Institutions (MFIs) and Saving and Loans (S&L) companies.

Mweheire Presents East Africa’s Diversified Opportunities To South African Businesses

Mweheire delivered the keynote address where he positioned the East Africa region as the next investment frontier for oil and gas.

Capital flight fears as foreign firms urged to list on regional bourses

Uganda is the latest East African country seeking listing of foreign companies through legislation, after Kenya and Tanzania.

Africa defies slowdown in global investment

This has positioned Africa as a strategic investment hub.

Debt, deficit and a monetary union conundrum in EA’s expanded budgets

Uganda’s fiscal deficit is significantly above the 3 per cent ceiling agreed with the International Monetary Fund in the charter for fiscal responsibility.

Nigeria: Going Beyond N9tr Asset With Pencom's Micro-Pension Plan

Financial analysts have severally said that Nigeria might need to tilt towards an informal driven economy to create more employment and significantly reduce poverty.

Ecobank raises USD 500 million through Eurobond

Headquartered in Lomé, Togo, the bank said it had received high demand, with the bond oversubscribed with interest from investors across Europe, the Middle East, Asia and Africa, as well as the United States and United Kingdom.

PenCom: Lifting Informal Sector With Micro Pension Plan

Experts said that Nigeria’s informal sector is a sleeping giant with a potential estimated at $240 billion largely untapped.

British Truestone Impact Investment Management to launch $50 mln fund for investments in Sierra Leone and Liberia

Truestone Impact Investment Management has already raised close to $100 million

Kenya's Centum Investment to sell stake in drinks firms

Centum also said it planned to invest an extra Ksh10-15 billion via its private equity arm in the next five years. The company said it would look to invest in sectors it was already familiar with.

Insurer renews commitment to Nigerian market

The ceremony was aimed at celebrating Old Mutual’s deep African roots and its commitment to championing financial inclusion, education and prosperity in Nigeria and on the continent.

Old Mutual Private Equity acquires Footgear

In addition to being a strategic partner to the management team who hold the remaining shares, OMPE will also provide capital to support the growth of the Footgear business.

After Splashing Millions Impact-Investing In Sweden, Norrsken Heads To Africa

The impact investor took a huge leap to open a hub in Stockholm three years ago, and now it eyes the East African country’s entrepreneurship sector.

Alternative Investments