Managers of Wealth Africa

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.

Central Africa could be the continent’s rising star

The Outlook predicts that Africa can add 4.5% to its GDP, provided that governments do away with bilateral tariffs and non-tariff barriers and keep rules of origin simple.

Morocco’s Banks Invested over $1.8 Bln in African Countries

Total client deposits at African branches of Moroccan banks reached $20 billion.

Donors pledge $17 million to Africa Solidarity Trust Fund

The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation

Winners announced for African Banker Awards 2019

No one region dominated this year’s awards although there was a call from the organisers for greater effort to ensure banking was more inclusive, both in terms of gender representation across senior management in banks and lending to the small and m

Ecobank hosted by London Stock Exchange after successful $500 million Eurobond issuance

The bond was oversubscribed with strong demand from international investors in the United Kingdom, United States, Europe, Middle East, Asia and Africa

Middle East and North Africa: Wealth Shift

Rising fortunes in the Middle East are driving the private-banking market toward socially responsible investing, Islamic products and more digital tools.

Alternative Investments