Managers of Wealth Africa

Savings industry asks government: Stop the threats, start the big projects

The savings industry would gladly invest in infrastructure or developmental projects provided they are properly done.

Jersey's ICECAP opens a new office in Mauritius

I am absolutely delighted to lead ICECAP's Mauritian business

Billionaire Patrice Motsepe’s investment business falls short of targets

Whilst this is significantly below the medium to long-term expectation of 16% per annum, it reflects the current economic environment.

Kenya’s Equity Bank expansion in DRC may trigger more foreign interest

The combined bank, which Lumenganeso expects to have close to $1bn in assets, won’t be able to catch up with DRC market leader Rawbank in terms of size, he says.

Late Cycle Investing – when and where?

The risk is that monetary easing may over-stimulate the US economy, already at full employment, resulting in a sharp tightening in financial conditions leading to a recession.

ICECAP extends to Mauritius

Mauritius continues to be one of the leading international finance centres for foreign investment into Africa

Nigeria embraces a free trade future

Nigeria was not the only major economy to be cautious – South Africa did not sign initially either, but did so a few months later.

Kenya’s Equity announces deal to buy Congo’s second-largest bank

Equity now has operations in eight African countries

As defaults rise, lenders pray for strategic investors

Take for example Real People, a South African start-up that went on a lending spree and lost almost Sh1.7 billion over the last four years over defaulters it cannot trace.

Former Zimbabwe president Robert Mugabe dies, aged 95

Zimbabwe’s education secretary Fadzayi Mahere tweeted: “Rest In Peace, Robert Mugabe.”

Namibia and Botswana mull 20-year, 5 GW solar push

The WEF said the project would be developed through a multi-phase procurement program.

Insurer shifts focus to organic growth to keep momentum up

It said its performance in the previous year was impacted by large negative operating basis changes and investment variances across the South African retail businesses and the rest of Africa.

S.Africa's Sanlam could invest in Egypt within 1 year -CEO

Profit down 32% hurt by one-off costs

Fanning Africa’s glowing embers of angel investment opportunities

Founders from 10 innovative, high-growth scale-ups will present their ventures to Summit attendees on 14 November

Dubai Islamic Bank narrows losses ahead of expansion

The fully fledged Islamic bank increased lending from Sh42 million to Sh148 million.

Funding Africa’s technological future

Host Mudiwa Gavaza is joined by Christophe Viarnaud, CEO of AfricArena, a deal flow platform that seeks to increase investment for tech start-up businesses in Africa

S.African insurer Discovery reports 12% drop in FY profit

Its normalised profit from operations fell by 3%

Private Equity Africa 2019 Awards - Shortlisted Firms Announced

The 2019 awards shortlist is a compilation of self-entries, complemented by editorial recommendations from the Private Equity Africa team

Old Mutual set to launch R2.4bn share buy-back programme

Interim chief executive Iain Williamson said the company believed its share price was undervalued.

Africa Finance Corporation raised $150 mln on Japanese capital market

To date, the institution said it has invested more than $4.5 billion in 29 African countries.

Alternative Investments