Managers of Wealth Africa

Stokvel insurance: A potential South African phenomenon

While the above is of much assistance in defining what a stokvel is, it remains uncertain as to whether or not a stokvel is to be considered a juristic person.

The right partnership can help investors flourish in Africa

Apart from the political landscape, there is also a legal risk involved which may impact on an investor’s future ability to exit their investments or enforce their rights.

Kenya Eyes U.S.$9.6 Billion Pension to Fund Kenyatta's Big Four Agenda

The Retirement Benefits Authority has come up with guidelines for the PPP asset class which have been forwarded to the National Treasury.

African Development Bank approves ZAR 140-million loan

The Fund is designed to promote local currency bond issuers in high-impact sectors by providing technical assistance to facilitate corporates bond issuances and champion best practice across various domestic debt markets.

South Africa: All Systems Go for Premier Business Awards

The awards, which encompass ten categories including the investors and black industrialists award, will be held under the theme: Rewarding Business Excellence.

South Africa: Premier Business Awards to Honour Excellence

Now in their fifth year, the awards will take place under the theme Rewarding Business Excellence at the Sandton Convention Centre.

Mozambique power project financing ‘aims to attract new infrastructure investments’

The International Finance Corporation (IFC) is investing $55 million to support the close of project financing for Mozambique’s first gas-fired power plant to reach commercial operation.

ICD to launch $1 bln Africa infrastructure fund

The fund will launch with $105 million in seed capital and expects to close its initial round of fundraising in the first half of the year, the ICD told Reuters

Prime Minister Khaire: Somalia’s Return to Global Stage is Inevitable

Citing World Bank estimates showing that Somali GDP growing by 5 percent in 2015 and 6 percent in 2016, he emphasized the urgent need to explore Somalia’s other untapped sectors

Africa is back on track for prosperity

The continent’s development is a triumph for free trade, says Daniel Hannan in The Sunday Telegraph.

Global Pension Funds Pump Trillions To Develop Africa

Danso shared African investor’s delight in partnering with the World Pensions Council and other pensions associations in support of mobilising one per cent of global assets towards African infrastructure.

US Equity fund buys stake in Kenya’s Sterling Capital

The brokerage’s founder and shareholder Stanely Ngaine is also on the board as chairman with another directorship being held by Reithfield (K) Limited, the business’ third co-owner.

Coral South remains Mozambique mega-deal

The deal, as previously reported by ALB, was also the world’s first project financing of a floating LNG facility.

Tunisian Government opens forex market to spark economic growth

Tunisia faced great economic challenges in the post-Arab Spring era. Now, the country is ready to open up the foreign exchange market to retailers

5 Themes For African Private Equity In 2018

What are set to be the most influential moments and movements for African private equity in 2018?

African Diamond Miner Can't Stop Finding Huge Stones

Type IIa diamonds contain very little or no nitrogen atoms and are the most expensive stones.

VC firm launches $120 million seed fund for African tech start-ups

Europe-based VC firm expands to Africa to help develop talents and businesses in the region

Davos 2018: Sahara Group urges global support for access to energy in Africa

According to Cole, the world is in urgent need of a more coordinated level of shared expertise, resources and influences to forge ahead on key developmental fronts.

Standard Bank and ICBC finance Mozambique LNG deal

Standard Bank acts as commercial facility agent, onshore account bank and security trustee in respect of the project.

Zimbabwe banks reject EU financial bailout

The move, however, backfired as it resulted in a crisis in confidence and capital flight causing the emergence of a strong foreign currency black mark

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