Managers of Wealth Africa

Cytonn Investments enters regional market

Cytonn Investments Services has expanded its services to Rwanda and Uganda as part of its regional growth plan.

Absa buys majority stake in Instant Life to grow bancassurance division

Mr Venter said the business had an annual premium income of about R50m and an embedded value of just over R70m.

Absa set to relocate to Century City

The buildings were developed in a joint venture between Rabie Property Group and Growthpoint Properties at a cost of R450m.

Old Mutual plugs into Africa

Infrastructure investment in Africa is a significant growth area and this acquisition would give Old Mutual full ownership of one of Africa’s leading infrastructure investment managers.

The delegation met with over 25 high-profile government authorities, prominent financial industry officials and leading private and public sector companies from the banking and finance, professional services and corporate sectors.

World Bank's IFC issues first green bond in South Africa

The World Bank unit said it expected its total green bond issuance to top $10 billion by 2020 from around $4.5 billion now.

USA to provide 13% of N30b West Africa SMEs fund

The Fund is seeking to raise $150 million from international and local institutional investors to invest in small and medium enterprise companies in West Africa.

‘Chocfingers’ hedge fund drunk on wine success

St Aubyn Leschallas Wines is the main distributor for Vondeling in the UK and sells all its 12 varieties

New bond scheme for Mideast, N. Africa World Bank: World Bank official

The World Bank, United Nations and Islamic Development Bank last month announced the initiative that would ask donor countries to provide guarantees for bonds raising money

Sanlam to unlock insurance potential

The strong performance notwithstanding, the sector’s penetration rate as measured by the ratio of premium underwritten to GDP remains low.

Equity Group Kenya Targets 10 Million Congo Bank Customers

An estimated 4 percent of the adults among Congo’s population of 75 million have bank accounts

How Dubai can help Africa drive growth

Dubai can be a key partner to Africa due to its strategic location, stable economy and sound economic policies.

Fairtree Hedge Fund Triples Market Return on South African Mines

The Assegai MAP Equity Fund managed by Stephen Brown returned 8.9 percent in October for a 29 percent increase this year to the end of last month

The curtain draws on hedge funds

The attack has been given impetus by the recent performance of hedge funds worldwide.

Clients’ assets under management worth trillions of naira –Adegbola, MD/CEO, Meristem Trustees

DESPITE the low level of awareness in the industry, the future still looks bright for Trust business in the country.

Record Fortress merger gets offshore boost

The merged entity is set to become an attractive investment for offshore institutions as it will be included in the MSCI emerging markets index.

China faces opportunity and challenge in West Asia, Africa

It’s worth noting the China-Africa Development Fund has raised capital from $3 billion to $5 billion

Stanbic IBTC Asset Management Ltd (SIAML) Sets Fantastic New Record In West Africa

Stanbic IBTC has achieved another first with its Money Market Fund becoming the first mutual fund in West Africa to cross the N50 billion mark in Net Asset Value.

South Africa's Brait eyes $1.2 billion float of bottle maker - sources

The flotation of the Johannesburg-headquartered business is likely to come in the third quarter of next year, one of the sources added, cautioning that no deal was certain.

Kenya's central bank chief says shilling stabilised

Fraud at mid-sized bank rattled market

Alternative Investments