Managers of Wealth Africa

CfC Stanbic to trade Yuan as it eyes increased Chinese business

The bank also plans to take advantage of the fact that most traders experience currency losses after being forced to convert money into other currencies to get the yuan.

Islamic finance widens footprint in Maghreb nations

Another welcome effect of a broader and modernised Islamic finance industry would be the opportunity for foreign investors from Arab states to directly invest in Algeria with less hassle.

African Development Bank leads on $1.34bn loan for South Africa's electricity future

The funds, with the bulk drawn from nine commercial banks, will be steered towards utility Eskom to augment its electricity infrastructure.

Saudi’s Sedco Capital to manage new MENA Ucits Fund

The new fund is being launched as Saudi Arabia begins to open its economy to non-Saudi investors.

SA households ‘overwhelmed’ by financial stress, survey finds

Another worrying indicator is the finding that fewer homeowners are paying additional lump sums into their bonds.

How much it costs to move to Mauritius

The low tax rates encourage business formation and naturally appeals to retirees.

CDH Balanced Fund posts 18% returns as directors waive fees

Subsequently, the fund has a returned 17.57 per cent in the first seven months (June – December 2015) of operation

Rand gets boost from Brexit and gold miners rejoice

There is a growing belief that the US Federal Reserve may have to postpone any further rate increases until 2018

Rates likely to be held steady as credit growth dips

Slower growth in credit extension, lower-than-expected inflation, the recent rally in the rand and tepid economic growth support unchanged interest rates in July.

UMB Capital set to lead investment management in Ghana

This move forms part of the bank’s commitment to provide better and innovative products and services to its clientele.

Motsepe firm, ooba merger before Tribunal

In this merger application, the Competition Commission has proposed a separation of board members involved in three of the firms affected by the merger.

Tanzanian Tycoon Said Salim Bakhresa To Invest $30 Million In Zimbabwean

BRI, which manufactures bread flour and stock feed, had been battling cash flow problems and was struggling to repay loans it owed to a consortium of Zimbabwean banks and trading partners.

Senegal Issuing Second Sovereign Sukuk

The proposed deal is backed by the assets of the international airport.

Dubai hotels welcome African and Chinese middle-class tourists

African and Chinese middle classes are heading to the UAE

Gwadabe - BDCS Should Have a Role in New Forex System

If you fly into the country at 2am, at the airport, you will not meet any bank that is open for you to do your transaction.

Brexit hits Nigerian stocks, investors lose N278bn

The market recorded a turnover of N4.027bn from 375.221 million shares traded in 4,229 deals.

Brexit hits SA businesses with overseas operations

Financial markets tumbled, causing severe currency volatility and analysts expect aftershocks to continue for the next few days.

Dollar shortage highlights Zimbabwe’s deepening economic woes

Plan to introduce ‘bond notes’ to counter crisis adds to uncertainty

World Bank: Uganda could get rich on oil

Country could pull in as much as $2 billion annually once commercial oil starts flowing in 2018.

Govt to inject $50m bond notes by year-end

The country’s main exports are platinum, gold, tobacco, ferrochrome and chrome, which are Zimbabwe’s highest foreign currency earners.

Alternative Investments