Managers of Wealth Africa

Gulf Keystone gets new number cruncher

The revamp of Gulf Keystone's (GKP) management team is complete with the appointment of Sami Zouari as chief financial officer

IMF suggests safety net for SA’s banks

Deposit insurance has been on the cards in SA for more than a decade but has yet to be introduced, possibly because of the costs involved.

Standard Bank: Uniting Africa through football

Standard Bank is the only African organisation to be a sponsor of CAF the only commercialised pan-African sponsorship property providing opportunity to leverage a sponsorship

Standard Bank Mozambique finances investments of US$500 million in 2014

Noting some of the biggest investment projects supported, Standard Bank Mozambique referenced the expansion of the Sena railway line in the centre of the country

China agrees to boost infrastructure investment in Kenya

China and Kenya have agreed to extend their ‘industrialisation partnership’ with a new focus on technology transfer and more Chinese involvement in infrastructure development.

Tunisia’s Banque Zitouna raises capital via stake sale to IDB

Tunisia’s Banque Zitouna has completed a capital raising of 18.5 million dinars by issuing common shares to the Islamic Development Bank, injecting much-needed cash for the bank’s expansion strategy.

Group Floats Trust Fund for Easy Financial Access

The Micro, Small and Medium Enterprises (MSMEs) Stakeholders Commonwealth has launched the MSME Development Trust Fund Limited

Sub Saharan African equity issuance doubles to US$ 6.7 billion in 2014

Investment banking Fees for Sub Saharan African Investment Banking services totalled US$339 million in 2014

Vast growth opportunities ahead for South African hedge fund managers

The South African hedge fund industry can compete very well internationally.

SA’s high-powered delegation to meet global stakeholders

South Africa is sending a high-powered delegation to the annual meeting of the World Economic Forum in Davos next week, with President Jacob Zuma scheduled to attend, along with several key ministers and business executives.

Morocco looks south as Europe stagnates

During five years it has moved via newly acquired subsidiaries or the launch of new divisions to dozens of African markets, including Angola, Rwanda, Kenya, Nigeria, Niger, Mauritius and Congo.

India’s Sage Capital targets $1b fund in GCC, Africa

India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world to launch a $1 billion fund

Commercial drivers to get pension fund

An agreement to set up a pension fund to support private commercial drivers in their old age has been signed at a ceremony in Kumasi.

Old Mutual deepens African growth plan with R1bn stake

The acquisition of UAP, which Old Mutual says is the third-largest general insurer in Kenya and the second-largest health insurance business

UBS Top Executives, Edmond de Rothschild, GTBank to Showcase Nigeria's Economy in Switzerland

Nigeria's economic potentials will come under focus in Geneva Switzerland a day before the commencement of World Economic Forum in Davos, Switzerland.

Tunisia to delay Sukuk issue until third quarter of 2015

Tunisia will delay its planned issue of $500 million in Islamic bonds until the third quarter of the year to allow parliament time to amend a law concerning the sale

Banks May Cut Jobs in Early 2015

Some of the regulatory measures introduced by the Central Bank of Nigeria (CBN) aimed at protecting the economy, according to findings, have started affecting banks’ profitability, with major impact to be felt this year.

Old Mutual buys UAP stake

This investment is another significant step in delivering the Group's aim of becoming an African financial services champion

Kenya: Wave of Insurance Deals to Sail Through 2015

At least two insurers are in talks with local and foreign investors for possible acquisitions and mergers, heralding another year of lucrative deals in the sector.

Helios Raises $1.1 Billion for African Private Equity Investment

Helios Investment Partners said it has stopped taking contributions for its third and largest private equity fund for African investments after exceeding a $1 billion target.

Alternative Investments