Managers of Wealth Africa

Wamda Capital Launches US$75 Million Growth Stage Venture Fund

Future perfect: Business Strategies with Aston Wealth Management

Volatility in Africa led Aston Wealth Management to adopt a more flexible approach to dealing with offshore clients – and in turn it learnt an invaluable lesson, that reacting quickly can create great future opportunity.

Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets

The debut issue of as much as $500 million of five- to seven-year Eurobonds will probably happen before the end of the year, Chief Executive Officer Kola Karim said in an interview in his office in Lagos on June 2.

The Abraaj Group exits investment in pan-African insurance company UAP Holdings

Abraaj helped Kenyan-based insurance company expand across region

A Nigeria Without Chiefs Makes Top Paying Bonds Less Attractive

For investors, it’s missing a key ingredient: a functioning government.

Stanbic IBTC Asset Management wins ‘best mutual fund provider’ in Nigeria

The winners were announced at a gala dinner and awards cer- emony in London recently.

China's Africa equity fund to reach 5 bln USD in 2015

So far, the fund has invested 2.3 billion U.S. dollars in 80 projects ranging from infrastructure, manufacturing, agriculture, power stations, power transmission to industrial zones in more than 30 African countries.

Korea Partners With Eight African Countries and World Bank Group

With support from the World Bank Group, eight African governments are collaborating with the Republic of Korea to strengthen human resources and build skills locally in the applied sciences, engineering and technology.

China's Africa equity fund to reach 5 bln USD in 2015

CAD Fund was set up in 2007 to diversify the financial vehicles that facilitate Chinese investment to Africa.

Stanbic IBTC Asset Management wins ‘best mutual fund provider’ in Nigeria

With three of Nigeria’s largest and most promi- nent mutual funds under its management, Stanbic IBTC Asset Management Lim- ited is by far the country’s leading asset management company.

Côte d'Ivoire's President Launches West African Energy Leaders Group

As well as President Ouattara, the West African launch was attended by Nigerian Vice-President Yemi Osibajo and the Prime Ministers of Côte d'Ivoire, Benin, Mali, Niger and Togo.

Top banks and PIC make offer for African Bank insurance unit

A consortium of leading South African banks together with the Public Investment Corporation has made an offer for African Bank Investment Limited insurance subsidiary Stangen

Edcon faces day of reckoning as bond payment looms

Edcon Holdings Ltd. has to choose between spending the little money it has or not paying a $31 million coupon due on Tuesday as it seeks to restructure borrowings.

Investbridge, Centum and Sabis in Africa education venture

Consortium plans to build 20 schools in Africa and raise money for expansion

S/African Liberty, UK Prudential, 10 others push for Nigerian insurance market

Top international insurance firms, among them, Liberty Group of South Africa and Prudential Life Company of UK are at advanced stages in their push to enter the Nigerian insurance market, BusinessDay investigations show.

SA groups keep balance sheets fit with foreign diet

South African companies are muscling their way into the UK private hospital market, underscored by Mediclinic's R8.6-billion purchase of 29% of Britain's second-largest private-hospital owner, Spire Healthcare.

Crowdfunding for Businesses Growing in Africa

Start-ups in Africa often complain about banks being unwilling to lend. In the absence of loans, small businesses often fund themselves through savings and capital from friends and family.

Vital Capital Investments Planning New $500M Fund For African Investments

Vital Capital Investments is planning to launch a $500 million investment fund that will invest in African companies.

Steady course likely when new hand takes helm at FirstRand

FIRSTRAND stock has more than tripled in five years, outpacing its competitors among SA’s largest banks. That is one reason for the company’s new CEO not to reinvent strategy when he takes over in October.

KenInvest signs MoU with USAID's East Africa Trade and Investment Hub

Kenyan and international officials inked an agreement on 24 June intended to boost regional and international trade.

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