03/17/2014
Mexican multi-billionaire's Inbursa to acquire Standard Bank Group's Brazil unit
Grupo Financiero Inbursa, the bank controlled by Mexican multi-billionaire Carlos Slim, said it had agreed to acquire the Brazilian unit of South Africa's Standard Bank Group for approximately $45 million.
03/17/2014
Last year was one to forget for insurers that have identified the mass market as their area of growth.
03/14/2014
Jersey-based Veronika Pechlaner, who manages the Ashburton Global Leaders Equity Fund together with investment director Nick Lee, said: "Our focus is on finding 20 quality mega-caps, which are global leaders within attractive industries.
03/14/2014
Stanbic Bank Zimbabwe has been recognised as the best sub-custody provider in Zimbabwe in Global Investor magazine’s annual Sub-custody Survey.
03/13/2014
Mint resumes making coins for Botswana
The Royal Canadian Mint is pleased to announce that it has produced a new series of multi-ply plated steel circulation coins on behalf of the Bank of Botswana.
03/13/2014
The parent had already held talks with China National Gold Group Corp. in 2012 over selling its majority stake, with discussions ending in January of last year without agreement.
03/13/2014
Tanzania: Ecobank Tanzania Launches 'China Direct' Desk
ECOBANK Tanzania has launched a special desk, known as 'China Direct Initiative, designed to facilitate swift and increased transactions involving trade between China and Tanzania.
03/13/2014
Zimbabwe should set up its sovereign wealth fund when it achieves budget surplus to avoid worsening budget deficits
03/12/2014
Standard Bank Group Ltd. broke even in Angola last August after a law requiring oil companies to use local banks boosted revenue, assets and credit at the unit of Africa’s biggest lender.
03/11/2014
This investment is set to give a boost to the emerging sector of lending exchanges and social lending in South Africa.
03/11/2014
Standard Chartered’s Private Equity Africa division has made its first investment in Africa’s developing power sector with US$57 million into Zambian Energy Corporation.
03/10/2014
Peninsula Energy has raised $5 million to fund ongoing construction activities at its Lance Uranium Projects in Wyoming through a placement of shares to JP Morgan Asset Management.
03/07/2014
The Bank of Ghana is working to establish a deposit insurance scheme for commercial banks.
03/06/2014
This was the first ever sub-sovereign Sukuk in Africa.
03/03/2014
The group now had more than 1.9-million customers in the rest of Africa, excluding South Africa, it said on Friday on the release of its full-year results to December.
03/03/2014
BusinessDay’s analysis of available public data shows that 96 companies are currently active in Nigeria’s upstream oil and gas sector in the form of exploration and production.
03/03/2014
Old Mutual intends to implement incentive plans for the executive management of Old Mutual Emerging Markets, Nedbank and Mutual & Federal, which will reward them for driving revenue, cost and capital synergies between the three businesses.
02/28/2014
For the year, adjusted operating pre-tax profit remained flat at 1.61 billion pounds, while adjusted operating profit after tax attributable to ordinary equity holders of the parent rose to 890 million pounds, from 841 million pounds in 2012. Adjusted ope
02/18/2014
Allocators from 29 different countries completed the survey. Approximately half (46%) of responding investors manage $1bn+ in hedge fund AuM, and 18% manage over $5bn.
02/18/2014
Nigeria: The Struggling State of Collective Investment Schemes in Nigeria
It is now official that Collective Investment Schemes in the Nigerian capital market are struggling and offer unattractive earnings.