Managers of Wealth Africa

Sanlam moves into Nigerian insurance market

The idea is to use the banking footprint of First Bank of Nigeria to distribute motor and fire-insurance products provided by Oasis.

Jersey’s growing appeal for mining executives highlighted at major South Africa conference

Jersey’s growing reputation as a centre for the operations of international mining companies was showcased to an audience of thousands at one of the world’s largest mining industry events last week.

African Bank issues 175 mln Swiss franc bond, shares jump

South Africa's African Bank issued a senior unsecured bond worth 175 million Swiss francs on Wednesday, which investors took as a sign of confidence in the ailing lender and sent its shares sharply higher.

Africa Opps to raise up $100m

Africa Opportunity Fund is proposing to raise up to US$100m through a placing of C shares at $1.00 apiece after trading of its ordinary shares moves from AIM to the London Stock Exchange's Specialist Fund Market

Houlie Adds African Bank to Momentum Funds as Wager on Rebound

Sam Houlie, a money manager at Momentum Asset Management, is betting that African Bank Investments Ltd. will rebound by adding South Africa’s worst-performing lender to the portfolios of his funds.

African nations seek new deals with Arab investors

African countries that missed out on Gulf cash pouring into agricultural projects elsewhere on the continent are trying to entice Arab investors with deals they say are designed to avoid problems of the past.

Dubai's DIB eyes expansion in Far East, Africa, GCC

International expansion is clearly on the agenda

Old Mutual eyes growth potential of Africa

Nigeria is a key market, as are the eastern hub centred on Kenya, and the Southern African markets including Namibia and Zimbabwe, said investments director at Old Mutual Investment Group Hywel George.

Global ETF AUM to surpass hedge fund industry in 18 months

While growth rates will be highest in Asia and lowest in the more mature US market, the growth drivers will be the same across all markets

Investment from China beneficial to Africa

These institutions are playing a very significant role in Africa's economic development

South African pensions now allowed to invest 10% in hedge funds and up to 30% in international equities

South Africa’s market regulator, the Financial Services Board recently extended the limit in of the amount of money pension funds can invest in hedge funds, thus creating more opportunities in the local hedge funds space.

Arqaam Capital eyes prospects in Africa

The Dubai-based investment bank was issued a licence by the JSE on Wednesday as it became the first new stockbroker to become a member of the bourse since mid-2011.

Robust ETP flows in December Mark Strong 2013 with equity ETPs reaching all-time record - BlackRock

Global ETP flows accelerated in December to $24.7bn, following the Fed's decision to begin trimming its $85bn monthly bond-buying program.

Ex-Standard Bank staff form London-based advisory firm

Five former employees of Standard Bank Group Ltd., Africa’s biggest lender, have formed a London-based advisory firm to arrange financing for companies and projects across the continent.

BCX buy-out of Gold One to go ahead

Gold One would be delisted from both the ASX and the JSE on January 30, following the suspension of trade on January 17, after BCX paid out the Gold One shareholders on January 24.

Etisalat hires Standard Bank for Nigeria tower sale - sources

Johannesburg-based Standard Bank, Africa's largest lender, has been hired due to its local presence and expertise in the African country, two of the sources said, speaking on condition of anonymity as the matter has not been made public.

Old Mutual drives investment expansion into Sub-Sahara Africa

Old Mutual’s has made an expansion drive into Sub-Sahara where it intends to deploy $500 million of investments in, asset management, insurance with acquisitions in Nigeria and Ghana.

Old Mutual’s CE Julian Roberts set to remain

He looks set to continue as CE and help drive the insurers strategy to grow its Africa and wealth businesses.

Kenya’s central bank to auction 10-year Treasury bond in January

Kenya will auction a 10-year Treasury bond worth up to 10 billion shilling in January

W.African franc zone nations plan $6.2 bln debt issuance in 2014

The agency said Ivory Coast will issue a total of about $1.68 billion in various instruments in 2014, the biggest in the region.

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