Managers of Wealth Africa

Partech Africa Fund achieves $143.5m final close

Partech has now announced a final close at EUR125 million (US$143.5 million) after gaining support from more than 40 different investors across the spectrum and from all over the world.

Swaziland Govt Accused of 'Looting' Billions From Its Workers' Pension Fund

Pensioners feared money in the PSPF would be misused by government

Qatar Investment Authority invests $200 mn in Airtel Africa

The latest transaction would not involve any sale of shares by existing shareholders, Airtel Africa said

The African Development Bank (AfDB) projects 4 percent GDP growth for Africa

“Africa’s general economic performance continues to recover and GDP (Gross Domestic Product) growth is projected to accelerate to four percent in 2019 and 4,1 percent in 2020.”

How global asset management is changing

Global balanced funds have been losing market share to passive and alternative investments. Will South Africa follow suit?

Kenya bourse aims to launch derivatives market in first half 2019

Exchange executives have said launching derivatives trading would boost liquidity on the bourse, which has 65 listed firms.

Ghana to Start $403 Million Debt Sale for Lenders Next Month

Special-purpose vehicle to invest in under-capitalized banks

Rwanda's Biggest Lender to Start Investment Bank, Insurer

CEO Karusisi expects return on equity to improve from 2020

Nigeria's Federal Government Proposes Enterpreneur Bank To Impove Acsess To Credit Facilities

We think there is a need for a bank that will be a bit more nimble about entrepreneurship

Partech closes $143 million fund for African startups

Partech isn’t the first outside VC firm to target Africa

Peregrine Securities acquisition, merger with Legae approved

This is a very exciting event for both companies and their employees

How Angola Plans to Boost Its Economy Through Mining

Producers previously sold their stones through the opaque government marketing to buyers selected by the government, a process which resulted in prices well below their international prices.

Africa: Top 100 Brands Shortlisted for Africa Finance Award 2019

Six countries will feature in the 2019 awards, namely: South Africa, Ghana, Nigeria, Cameroun, Kenya and Morocco.

South Africa: Nedbank Withdraws Funding for New Coal IPPs

This comes after a corporate policy announced in early 2018 that the bank would no longer fund the construction of any new coal-fired power plants beyond its existing commitments to fund Thabametsi and Khanyisa

Why French companies are exploring East Africa

There are clear signs that French companies are on the move throughout the East African region.

Ghana’s debt hits 172.9 billion cedis

The figure comprises money borrowed within Ghana and that borrowed from investor s outside the country.

Umeme uncertainty, foreign investor flight hurt stockbroker earnings on USE

These factors led to massive sell-offs among listed companies

World leaders seek more investment in Africa

The 2019 World Economic Forum ended in Davos, Switzerland, at the weekend, but not with some takeaways.

Negativity could lead to investors missing out on South African rally: Standard Bank

Even after a 7.2% rally since mid-December, the FTSE JSE Africa All Share Index is still near its cheapest relative to emerging-market peers in almost seven years, according to data compiled by Bloomberg.

Borrowing from pension funds

Ordinarily pension funds always provide the largest pool of idle funds in any economy

Alternative Investments