Managers of Wealth Africa

Bad omen as capital spending halves

The government has been trying to use infrastructure expenditure as the trigger to lift SA’s economy

Nigeria: Regulatory body approves N52 billion right issue for Nigerian bank

The capital raising falls in line with Access Bank’s five-year corporate strategy plan to be one of the top three banks in the country and the “world’s most respected African bank.

Former Head of South African Pension Fund Starts Investment Firm

John Oliphant, who left as principal executive officer of South Africa’s Government Employees Pension Fund after a year-long suspension, has started Gaia Investment Partners to benefit from African infrastructure projects.

Tony Elumelu Says Democracy Is Good For Business

A highlight of this discussion is that “democracy is good for business”.

Insurers, PFAs Urged to Invest More in Capital Market

Chairman, Issuing Houses of Nigeria, Mr. Victor Ogiemwonyi

Stanbic IBTC Stockbrokers Emerges Best Dealing Member of the NSE

The Nigerian Stock Exchange has named Stanbic IBTC Stockbrokers Limited, a member of the Stanbic IBTC Group, as the leading market operator in the Nigerian capital market.

UBA to Expand Operations to Angola, South Africa

Nigeria is struggling to cope with crude prices that plunged by more than half in the past six months

Old Mutual takes up 23% in UAP Kenya

Listed on the London and Johannesburg stock eachanges, Old Mutual is looking at growing customer numbers in 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

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