Managers of Wealth Africa

Timelines for EAC single currency to be revised

The Protocol for the establishment of the EAMU was signed in November 2013 by the EAC member states, setting up a 10-year roadmap for attaining a single currency regime in 2024.

African businesses eye UAE for growth, development

Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.

Billions poised for Africa’s real estate sector

Some of the most high-profile deals include well known listed funds and global investors

Billions poised for Africa’s real estate sector

“In the first two quarters of 2019, we’ve tracked ten significant transactions in excess of more than a half a billion dollars across multiple jurisdictions and sectors by API Summit stakeholders,” says Rusin.

South African bonds are now offering eye-popping returns compared to the rest of the world

A month ago, foreigners were still net buyers of almost R13 billion in South African bonds this year. But by last week, this was down to R5.1 billion.

Kenya to open trade links with Jamaica

There is no official data on trade and investments between the two countries

Motsepe's African Rainbow Capital acquires 25% stake in estate planning firm

It says this is due to having identified improved, efficient and cost-effective solutions to will drafting, estate planning and execution.

Nigeria's Access, Union Bank tap local bond market as yields fall

Yields on the one-year treasury bill were last auctioned at around 11%.

Strategic investor dumps shares in African Phoenix Investments

Coronation Asset Management also sold its entire stake

To spur economic growth, attract foreign direct investments

Ethiopia ranks as one of the highest FDI destinations in Africa. Interestingly, this explains why Ethiopia’s GDP has overtaken Kenya’s in recent times

Old Mutual claims axed CEO cannot return because he is busy suing them

Amid continued uncertainty at Old Mutual as Peter Moyo's future as CEO hangs in the balance

All the big SA companies that are currently looking for CEOs - including the Post Office and Postbank

Many of the vacancies are set to be filled within the next two months when the notice periods of their former CEOs come to an end.

S.A’s African Phoenix Investments Sets Aside ZAR 1.2 Bn Private Equity Fund

The fund is part of API’s strategy to shift from being a financial services firm to an investment holding company.

The Crisis at South Africa’s $150 Billion State-Owned Fund Manager

The Public Investment Corp., which is entrusted with the pensions of more than 1 million government workers, faces allegations of political interference.

Insurer Old Mutual missed target for final close of Africa Infrastructure Fund 3

Let’s note that 48% of the resources is provided by development finance institutions and observers wonder whether it is possible to grant the necessary resources for infrastructure in Africa.

Africa must boost industrial capacity to benefit from free-trade zone -AfDB

It is hoped that the 55-nation African Continental Free Trade Area – the largest bloc since the creation of the World Trade Organization in 1994 – will help unlock Africa’s long-stymied economic potential by boosting intra-regional trade

New empowerment model crucial for South Africa’s construction sector: Standard Bank

The last decade has seen a significant ‘brain drain’ in South Africa’s construction sector.

Old Mutual raises $320m for Africa infrastructure deals

Old Mutual to invest in transport, power and energy projects across sub-Saharan Africa.

Stanbic Bank lends UAP Sh2bn for bond payment

“Stanbic Bank provided UAP with the entire amount,” a source said.

Sanlam Kenya partners with Japan’s Sompo Holdings in expansion drive

The agreement allows Sompo to continue to expand its Japanese influence and investment in Africa and specifically in East Africa where Kenya is attracting substantial Japanese investment interest.

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