Managers of Wealth Africa

Mayberry sells Access shares

After an initial investment of J$38 million in 2006, the investment bank says it will earn approximately J$955 million or US$8.34 million from the transaction.

DGCX launches three new Emerging Market currency futures

Expanding its suite of Emerging Market products, the Dubai Gold and Commodities Exchange, today announced the launch of three new currency contracts Russian Ruble Futures, Korean Won Futures and South African Rand Futures.

Who did buy Bourse Africa?

CAHL, which FTIL said had agreed to pay $40 million, is six months old, with share capital of 1,000 Mauritian rupees; FTIL says deal followed transparent bidding

Skye Bank Appoints Interim MD For Mainstreet Bank

Skye Bank Plc says it has appointed Mrs Amaka Onwughalu as interim Managing Director for Mainstreet Bank.

HSBC Sees Bonds Gaining On Loans As Oil Curbs Cash

Bank liquidity may be affected by oil prices, says HBSC debt-capital markets head for MENA.

Atlas Mara Increases Investments In Nigerian Union Bank

This was facilitated via the acquisition of about 20.9 percent of Union Bank’s holdings from the Asset Management Corporation of Nigeria (AMCON), for a purchase price of approximately $250 million.

Access Bank, UBA get ready for instant transfers

Two banks, Access Bank and United Bank for Africa Ghana, have expressed their readiness to integrate their online banking gateways to that of the Ghana Interbank Payment and Settlement System to enable them to take part of direct transfers between banks.

Morocco's Largest Private Bank Starts Trading in Chinese Yuan

One of Morocco's biggest lenders Attijariwafa Bank announced on Friday it has begun trading in the Chinese yuan to help local and African businesses in their growing commercial partnership with China.

Banks urged to identify new niches in the market

The Chief Executive Officer of Universal Merchant Bank, Ms Nilla Selormey, has said it is time for the banks in the country to identify new niches in the market where each can play efficiently and still achieve good growth.

Bahraini firms eyeing major push in Africa

Africa's attractiveness as an investment destination continues to grow in recognition

World Bank, Others To Finance $100m Zimfund

This, in turn, allows the flexibility to facilitate some of the pressing reforms in the area of parastatals by carrying out a thorough due diligence audit over management systems.

MMI agrees to acquire ISPR in bid to cut costs, expand

Financial services group MMI Holdings has entered into an agreement with Botswana-listed Imara Holdings Limited to acquire 100 percent of stockbroker Imara SP Reid

Citi and Zurich sign 15-year exclusive agreement to distribute life insurance in the Middle East

Citibank NA and Global insurer Zurich Insurance Group announced today the signing of an exclusive 15-year strategic agreement to offer Zurich’s comprehensive life insurance solutions, as defined in the agreement, to Citi’s consumer clients thr

Stanbic IBTC Bank, SURE-P MCH project, a boost to financial inclusion

The financial inclusion and the cashless policy initiatives of the Central Bank of Nigeria last week got uplifted following Stanbic IBTC Bank and the Subsidy Reinvestment and Empowerment Programme Maternal and Child Health (MCH) Project, on mobile conditi

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