Managers of Wealth Africa

African Banking Crisis Could Come Before Europe (TWTR, FB)

If the results from this recent wave of stress tests turn out poorly, Europe is at risk of starting a new banking crisis.

Old Mutual Ghana Introduces New Funeral Plan

The plan pays a lump sum on the death of the policy owner or selected spouse, children, parents and/or parents-in-law.

Rockefeller fund backs Mainstream for USD-177.5m African investment

Mainstream itself is investing a further USD 60 million of equity, so the total amount for Lekela arrives at USD 177.5 million.

South Africa will avoid recession this year: central bank

Manufacturing output rose more than expected by in May, while mining contracted at a slower rate in the same month.

Afreximbank provides $150 Million Funding Support for Heritage Bank Limited

Heritage Bank recently concluded a business combination with Enterprise Bank Limited as part of its market focus and positioning strategy.

Private sector is key driver for growth in the Middle East and North Africa

They also said that innovation and growth were constrained by barriers to trade and a scarcity of appropriately trained workers.

Carlyle Group Eyes More Opportunities In Africa After Making First Exit

Marlon Chigwende, managing director and co-head of the Carlyle Sub-Saharan Africa Fund, said the $700 million investment vehicle was looking to increase its investments on the continent after it exited Export Trading Group, a Tanzanian-based continental s

Uganda: Chinese 'Dragon' On the Hunt in Uganda

Company officials reveal that they employ about 1,000 people and it has become a symbol of Chinese investment in Uganda.

Seychelles assumes chairmanship of Afrexim Bank for one year

Seychelles hosted the Afreximbank’s 23rd Annual General Meeting last week with around 500 delegates from the continent attending.

Hedge Fund, Meet Highway

New investments in infrastructure by private asset managers are changing the way the world finances its cities, power systems, and transportation links.

How unit trust companies lined up at end of second quarter

Its overall rating also declined slightly, to 3.909 from 3.972 PlexCrowns in March.

Seychellois businesses showcase products to investors from African continent

Three key areas were addressed at the forum: investment opportunities in the blue economy, the future of the financial services and focus on regional trade relations.

South African bonds attractive: PSG Asset Management

He added that bonds give fund managers “firing power” as they can be sold with ease or converted to other asset classes when the opportunity arises.

Moody's: Rising emerging market debt increases risks; Middle East and Africa least vulnerable

Debt is now growing faster than GDP and faster than foreign exchange reserves for many of these countries.

Kenya: UAP to Acquire Old Mutual Firms Ahead of Listing on Bourse

Old Mutual Kenya directly owns part of UAP

‘Nigeria’s future guaranteed by its pension system’

He said that Stanbic IBTC Pension on its part has plans to help people make a successful transition to the next stage of their lives and have the retirement they desire.

Beware Rich Dad’s promise of UK property investment success

It’s more expensive and more difficult than ever to buy property in the UK.

JSE part of plan to link African exchanges

Once those four exchanges have been successfully joined, the network will grow to include other African exchanges.

MTN targeting financial services, say analysts

As the traditional telco business continues to decline and new services with resultant business models emerge

Access Bank wins ‘best bank transformation’ award

The awards which took place on Wednesday at the Tower of London, United Kingdom was attended by over 500 CEOs and senior executives

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