Managers of Wealth Africa

Botswana micro-lender shakes up mobile finance

Financial services are delivered by a range of providers, most of them private, and reach everyone who can use them

Nigeria faces low economic growth prospect, says KPMG

The CFOs are worried about business risks, as well as the economic slowdown and the falling oil price.

Northstar plans Middle East and Africa expansion

Bermuda-based Northstar Financial Services has announced plans to begin operating in the Middle East and Africa from a new office in Dubai.

African Private Equity Fundraising Breaks Records In 2015

This is a culmination of a success story that has characterized Africa’s fundraising scene, from funds targeting the continent to startups — mostly in tech, as global investor discover the allure of the region’s business opportunities.

Global fund administrator now able to act as an AIFM for fast-growing PERE sector

This follows approval for MS Management Services S.A., a Luxembourg-based subsidiary of Maitland, to extend its existing AIFM licence to include PERE funds.

Nigerian Bank stocks collapse widens valuation gap from Kenya to SA

The recent sell-off in Nigerian banking stocks is widening a valuation gap that existed between them and other lenders in Africa’s major economies.

Old Mutual acquires In2Food stake

In2Food's product portfolio includes fresh and prepared produce, convenience meals, snack items and baked foods.

Nigeria: UAE Investor Eyes Nigeria's Infrastructure, Mining

Abdullah Al Ghurair serves as the chairman of UAE Bankers Association, chairman of Al Ghurair University and member of Dubai Economic Affairs.

SA property funds attract global investor interest

These larger property funds have benefitted from being included in real estate investment indices that attract global index investors

Hedge Fund Bets Signal There's More Pain Ahead for Commodities

Money managers double net-bearish wagers over two weeks

Zimbabwe: Little Interest in Zim's First IPO in 10 Years

GetBucks Zimbabwe commenced operations in 2012 as a credit-only microfinance institution.

Rwanda: New Money Transfer Service to Boost Remittances From Abroad

The partnership will enable the bank customers, especially those using on retail Internet banking, to access Western Union services without necessarily going to the bank or any other Western Union outlets

Old Mutual invests Sh6.4bn as it seeks 50pc stake in Two Rivers mall

This investment will enable the Two Rivers Mall deliver a retail, entertainment and lifestyle experience that is unprecedented in the region.

Old Mutual private equity buys into food producer

As it taps increasing appetite for convenience products among the middle class.

Nigerian Billionaire Abdulsamad Rabiu Sells Flour Milling Business For $275 Million

Providing insights into the Group’s medium term growth strategy

SA banks to tighten lending criteria in 2016: expert

Property owners across South Africa are tightening their belts as the upward trend in the prime lending rate looks set to continue.

‘ICBC Standard Bank buys bullion vault’

These banks are shareholders of the London Precious Metals Clearing (LPMCL) company.

Ghana Rural Banks To Set Up Insurance Company

Dr. Nana Akowuah Boamah, National President of the Association of Rural Banks-Ghana, has hinted that Rural and Community Banks (RCBs) are in the process of establishing an insurance company to consolidate their operations. The plan to set up the insurance

Motsepe and Sanlam deal gets go-ahead

The transaction also fulfils Mr Motsepe’s ambition to build an independent black-controlled business with exposure to significant investments in the financial services sector.

Diamond Bank: CBN will devalue naira to 227/$1

On falling oil prices, the bank says there is no end in sight, following the conviction of the Iran, OPEC, and the US that $30 sales remain profitable.

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