Managers of Wealth Africa

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.

Nedbank’s billion-rand debt financing deal with Kenya’s Centum

The bank’s financing pipeline in the rest of Africa has now grown beyond the R4.5bn mark.

China pulls out of Kenya after building a railroad to nowhere

The reason for China’s attack of cold feet might lie in the project’s high profile.

East Africa: Private Equity Investment As A Means Of Creating Value

Over the course of the last six years, a total of more than 1 000 PE deals – worth in excess of US$25 billion – have been concluded in Africa and close to 200 those have taken place in the East Africa region.

GIAP and others bet big on African real estate

Many African property investors are expecting the gradual roll-out of REITs across Africa to deliver several benefits

Didi plans Middle East and North Africa expansion

China’s largest ride-hailing platform is about to bookend Asia.

Alternative Investments