12/24/2013
Access Bank signs $150million deal with FHN 26
Access Bank has granted a $150million Senior Secured Term Loan to FHN 26
Alternative Investments
12/23/2013
$11M Purse At 1st Zim Diamond Tender In Antwerp
The tender generated $1.6 million for the Zimbabwean treasury, which is the designated 15% royalty fee.
12/18/2013
Nigeria: Old Mutual to Meet Peculiarities of Nigerians Through Products Offering
It has always been stressed that insurance penetration in Nigeria is very low because insurers have refused to create products that suit the peculiarities of Nigerians.
12/18/2013
AfDB Board Approves U.S. $25 Million Investment in Pan-African Infrastructure Development Fund
PAIDF-2, which is aligned to the Bank's Ten Year Strategy on the one hand, and the Bank's Private Sector Development Strategy on the other, follows the near full commitment of PAIDF-1 with nine sub-investments in Africa.
12/18/2013
Nigeria economy rebasing to displace South Africa, Renaissance Says
Africa’s biggest oil producer may see its economy measured at between about $384 billion and $424 billion in 2014.
12/14/2013
Bitcoin clones set to kill digital currency?
Citibank’s analyst believes that the market is likely to end up with a plethora of “bitcoin lookalikes with little to choose between them, so pricing becomes very difficult.
12/13/2013
Activa Insurance Opens Branch In Liberia
The Managing Director of Activa International Insurance Company, Mr. Stephen Kyerematen, has stated that his company has opened its arms to genuine friendship and long-lasting collaboration with the Liberian Insurance industry.
12/12/2013
Heirs Chairman Elumelu Plans to Start Nigeria Commodities Bourse
Heirs Holdings Ltd., a Nigerian investment company with interests across Africa in banking, energy, real estate and agriculture, plans to set up a commodities exchange in the continent’s most populous nation.
12/09/2013
UT Bank, Guinness Breweries partner Invest in Africa
Invest in Africa, has announced that Guinness Ghana Breweries Limited and UT Bank have become the latest Ghanaian companies to join the organisation as local partners.
12/09/2013
Pru enters sub-Saharan life market with acquisition
The price and other details of the transaction were not disclosed
12/08/2013
Ermenegildo Zegna Launches In Lagos
Each collection is distinctly and perfected represented in designated corners of the store.
12/07/2013
Pinnacle Point chief was Absa ‘insider’
During his testimony last week, Mr Pretorius blamed Absa for the demise of Pinnacle Point Group.
12/05/2013
Old Mutual determined to build Africa Empire
Old Mutual is likely to spend its remaining R4bn-plus expansion budget on acquiring a short-term insurance business in East Africa and an asset management operation in West Africa.
12/04/2013
Old Mutual eyes Nigeria in its emerging market investment plan
We are not taking Nigeria for granted in our investment plan
12/04/2013
Nedbank Still Undecided on Ecobank
Nedbank has a year in which to convert its loan into a stake in the West African banking giant.
12/02/2013
Hedge funds launching traditional long-only strategies in direct competition with asset managers
Deutsche Bank has published the results of a survey which examines the expanding role of hedge funds within the wider asset management industry.
12/01/2013
GHANA: Gov’t targets private equity for infrastructure fund
Government is banking on private sector participation in the proposed Ghana Infrastructure
11/27/2013
Soaring Nigerian Insurance Premiums Could Benefit SA Providers
Nigerian insurance premiums will increase fourfold over the next five years
11/26/2013
Old Mutual to Sanlam to gain from Nigerian growth
Nigerian insurance premiums will increase fourfold over the next five years as companies from Old Mutual Plc to Sanlam Ltd. tap an acceleration in economic growth in Africa’s most populous nation.
11/26/2013
Bitcoin Breaks Through The $1,000 Barrier
Value of virtual currency has risen fivefold since the beginning of the month