Managers of Wealth Africa

Carlyle, Old Mutual to acquire S.African tyre firm from Ethos

U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity,

Old Mutual launches Ghana operations

Old Mutual Life Assurance Company (Ghana) Limited as the company is now known, would have Provident Life’s licence to conduct life assurance business in the country as well as serve its portfolio of customers.

GCC Firms Embark On A Cautious Investment Spree In Africa

Africa’s fast growing economies have transformed the continent into a booming frontier market, but risk is still a primary concern for GCC investors.

Moroccan Business Tycoon Acquires 40% Stake In Nigerian Insurance Firm

Saham’s acquisition marks it’s entrance into Nigeria’s insurance market, one of the most promising emerging insurance markets.

Zimbabwe Woos Turkish Investors

Zimbabwe is representing Southern Africa at the summit by virtue of President Mugabe holding the Sadc Chair post. He is also First Deputy Chair of the African Union.

African buyers lead prime central London property purchases, says agency

It’s not wealthy Russians of Middle Eastern buyers who have bought the most prime central London property over the last few years, but Africans, says the Black Brick agency

Atlas Mara Co-Nvest Limited: Interim Management Statement

Atlas Mara's strategy is to create Sub-Saharan Africa's premier financial institution through a combination of its experience, expertise and access to capital, liquidity and funding.

UAE Exchange eyes Ghana, Nigeria and South Africa

The business has 135 branches in the UAE, and in all has more than 725 branches in 32 countries.

Xinhua Insight: Sino-Africa cooperation brings more "made-in-Africa" goods

Every morning, more than three thousand workers in uniform do morning exercises before taking their places on a leather shoe production line.

Diamond Bank calls for increase in export of non-oil products

Diamond Bank PLC, a leading retail bank in Nigeria, has urged entrepreneurs in the import and export business to focus on increasing non-oil exports, especially as the glut in oil and gas production and supply has led to a slump in the price of the produc

Botswana: Non-Banking Sector Important for Ecocomy

The non-banking financial services providers are vital contributors to the economy, the Non-Banking Financial Institutions Regulatory Authority (NBFIRA) chairperson, Ms Mmatlala Dube has said.

UAE Exchange looks to enter new African markets

UAE Exchange , a global money transfer and foreign exchange brand, is looking to enter new markets such as South Africa, Nigeria, and Ghana

De Beers Is Now Anglo’s Jewel In The Crown, According To Investec

Somewhat against the grain of conventional wisdom, Investec has been a buyer of Anglo American for a little while now.

Old Mutual unveils pan Africa fund

Old Mutual Global Investors has launched the Old Mutual Pan African fund, a mirror of a pre-existing $11.75 million Old Mutual Pan African fund run by a South African subsidiary.

W’Bank gives Nigeria, others $10.6bn for 141 projects

The World Bank Group’s loan and grant approvals for Nigeria and other Sub-Saharan African countries have hit $10.6bn.

Global insurers setting sights on Africa, says Leapfrog

LeapFrog generated an internal rate of return of about 80% on Express Life, according to Private Equity International.

South Africa’s best fund managers: Coronation tops chart

Coronation’s embarrassing big bet on African Bank Investments Limited (Abil) failed to knock its performance. The fund management company was ranked, again, as South Africa’s best fund manager.

Unit trusts feel African Bank fallout

The collapse of African Bank in August spooked investors in unit trusts, with the Association for Savings and Investment SA on Wednesday reporting the first decrease in total assets under management for the industry since the 2009 financial crisis.

Leaders Commit Billions in Major New Development Initiative for the Horn of Africa

On the first day of the joint trip, the World Bank Group announced a major new financial pledge of $1.8 billion for cross-border activities in a Horn of Africa Initiative that will boost economic growth and opportunity, reduce poverty, and spur business a

Kenya Seen Selling More Infrastructure Bonds on Demand

Kenya may sell more debt for infrastructure after demand for the bonds on sale this month was more than double the amount offered

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