Managers of Wealth Africa

As Kenya Prepares to Float a Green Bond, Here's What It Is

The bond will be floated following collaboration between the Kenya Bankers Association (KBA) and the Nairobi Securities Exchange

Roche, Old Mutual Partner on Insurance Product for Terminal Illnesses

Lack of funding was identified as a major contributor to the high mortality rate, as patients are unable to pay for adequate care, often resulting in financial catastrophe for many middle income families.

Kenyan banks set for first bond to fund green investments

The collaboration between the KBA and the NSE is in line with the Exchange’s commitment to develop sustainable capital markets through the United Nations-led Sustainable Stock Exchanges Initiative.

South Africa’s Richest Man Buys Stake in Diamond Miner Trans Hex

The company’s shares were halted from trading on Aug. 5 pending the offer.

Ivory Coast Issues Second Sukuk

The sukuk represents Ivory Coast’s second sukuk after an issuance last year.

Fewer foreigners buying SA property

What had changed from 2014 onwards was slower global house price growth.

Realty Africa registers 100 developers

We got investors from every continent as we speak.

Mauritius' largest fund administrator opens doors in S.A

The firm will offer its services to South African private equity, hedge and mutual funds.

GEM managers: The key drivers powering our portfolios in H2 and beyond

Six managers reveal top ideas

Nedbank Heads for Eight-Month High on Surprise Profit Increase

The lender and its peers are struggling against a South African economy heading toward a recession and a potential credit-rating downgrade of the country’s debt to junk by the end of the year.

BMW looks to capitalize on the emerging African market

The Rosslyn plant, famed for its outstanding quality, even by BMW standards, is about to receive a major face-lift.

Simple style propels Kenyan economist to fame

Since being appointed in June 2015, Njoroge has eschewed expensive job perks that include a luxury house in an upmarket neighborhood and a fleet of cars with chauffer.

Sukuk Market grows in West Africa as Iran Lines up $1Billion Supply Demand

Iran’s financial sector is wholly Sharia compliant by virtue of the passing of the Law for Usury (Interest)-Free Banking Operations in 1983.

African Rainbow Capital invests in CMB International

Van der Merwe said it would also help ARC in building its portfolio.

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.

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