Managers of Wealth Africa

Accelerate buys Old Mutual stake in Portside building

Old Mutual effectively owns half of the building

Nedbank CEO Says Market Slump May Persist Until U.S. Rates Rise

South African stocks also declined, plummeting the most in more than five years as global commodity prices sank and threatened to weigh on the country’s already weak economic growth

Sanlam Emerging Markets said Kenya

SANLAM Emerging Markets says it is looking to expand into Zimbabwe in the next year or two after its Kenyan subsidiary made an acquisition in a short-term insurance business in the east African country.

Forex Trading in Nigeria Is Out of the Dark Ages

Fowope offers a candid assessment of Nigerian FX after the Central Bank of Nigeria came to observe the local industry for the first time.

Private equity firm Abraaj closes second North Africa fund at $375 mln

The fund will focus on sectors which are "likely to benefit from an expanding middle class", such as healthcare, education and consumer goods, and seek both majority and minority stakes in companies.

Rencap: Nigerian Banks’ Exposure to Afren Not in Jeopardy

Afren Plc recently said its board had decided to put the company into administration after failing to secure support for a refinancing and restructuring plan.

Nigeria Should Switch to Managed Currency Float, Ecobank Says

The naira could be the next currency to go, analysts including Bernd Berg of Societe Generale SA said.

Meristem Wealth Management floats N1bn Mutual Funds

The offers which opened on July 15, 2015 was supposed to close on August 21, 2015 will now close on Tuesday, August 25, 2015.

Money flows to platinum funds as SA bets on rebound

With platinum prices near a six-year low, producers will have to cut production

Of Local Investors and the Nigerian Bourse

Also, Nigerian companies are now listing on global stock exchanges creating more opportunities for foreign investors to invest in Nigerian companies

Meristem Wealth Extends N1bn Mutual Funds Offer

The offers which opened on July 15, 2015 was supposed to close on August 21, 2015, but has been extended to Tuesday, August 25, 2015.

BOI Launches N1bn Fashion Fund

The fashion cluster is the next one we are targeting with the fashion fund being launched here today

Deutsche Bank finds a hot spot in African bond markets

The number of Sub-Saharan African sovereigns in the international bond markets has almost tripled since 2007, with newcomers including Zambia, Ethiopia and Kenya raising money in the past three years alone.

Exchange Traded Funds soon cross-listed on key African exchanges

Investors will now gain exposure to shares listed on Johannesburg, Kenyan and Nigerian stock exchanges.

Plans afoot to cross-list ETFs on African bourses

The concept of cross listing an ETF is the same as cross listing a share‚ or listing it on more than one exchange.

Africa investor Institutional Investment and Capital Market Awards 2015 Shortlist Announced

We are therefore naturally very pleased with this year's top ten shortlist and wish all nominees the best of luck.

SITA to facilitate investments in East African countries

The approximate investment of these projects was expected to be $18 million.

South Africa Sends Wrong Message to Business, Banking Group Says

Business and government need to come to some sort of understanding ideologically, more than anything else, to address the myriad of problems we have got in the country.

Investec breaks new ground in Africa

Investec Asset Management has reached a final close on what it says is the first credit and debt capital markets fund dedicated purely to sub-Saharan Africa, excluding South Africa.

Lagos is planning to build West Africa's answer to Dubai. It's not thinking big enough

The new district will be billed as a 24-hour, green-conscious, world-class city, which can attract and retain top multinational corporations.

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