Managers of Wealth Africa

Zimbabwe: Fidelity to Double U.S$5 Million Bond Target

Fidelity Life Assurance has applied for a new $10 million bond limit after its initiation floatation was oversubscribed by $5 million.

New regulation ‘will increase access to hedge funds’

NEW legislation by the end of the year is expected to attract more individual investors to the previously unregulated hedge fund industry.

Zimbabwe: Allied to Be Part of Bigger African Fund

Southern Heritage Limited is to be a newly incorporated open ended investment holding vehicle domiciled in Mauritius.

Ghana Follows Appeal to IMF With Plan for Bond Issue

African countries have been selling bonds at a record pace this year, but the latest deal might raise more than a few eyebrows.

Sanlam to spend $52 million to raise India insurance stake

The company has already spent another 1.5 billion rand on expansion since January

Africa’s Biggest Stock Market Named Best Regulated in WEF Report

The collapse of African Bank Investments Ltd., South Africa’s largest provider of unsecured loans, last month froze the nation’s corporate bond market.

Converting Ecobank loan to equity could boost Nedbank

If Nedbank converts its $285m loan to West African banking group Ecobank into an equity stake, it will help the local bank catch up with its rivals, which have made significant inroads in the rest of Africa.

Nigeria bank rules spur bond rush

That compares with an average 35 basis-point drop in emerging-market yields, according to Bloomberg indexes.

South Africa’s Bidvest mulls London IPO

Bidvest, one of South Africa’s largest conglomerates, is considering listing its food services business in London to help fund acquisitions and growth, in the latest sign of African companies tapping the UK capital markets.

High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term - investors are buying into a boom in sub-Saharan African real estate.

Biggest money manager boosts South Africa’s economy for returns

PIC plans to improve returns by investing to reinvigorate the flagging economy.

Stanbic IBTC Asset Floats N1bn Exchange Traded Fund

At the signing ceremony held in Lagos yesterday, directors of SIAML and all other professional parties signed the deal to issue 10,000,000 units of the Fund of 100 each at par

Rwanda to float $21 million bond to finance infrastructure

The five-year bond will be issued on 27 August. The coupon rate is yet to be announced pending results from a market study.

Zimbabwe: Atlas Mara Seals Bancabc Deal

Bob Diamond's co-founded Atlas Mara has completed the acquisition of BancABC's parent company and African Development Corporation (ADC) in the first step towards realising its dream of becoming a giant financial services group in sub-Saharan Afr

Kunoch acquires stake in Diamond Bank

Actis DB Holdings Limited currently holds 14.79 per cent of the issued share capital of Diamond Bank.

Africa enjoys renewables investment surge

The company said the prospective capacity boost was "small by world standards"

Fall of the Titans: The Story of African Bank and Lehman Brothers

In early August this year, African Bank, the banking arm of African Bank Investments Limited, received a 1.6 billion US dollar bailout by the South African Reserve Bank

African Development Bank’s return to Cote d’Ivoire is ‘symbol of confidence’

Kaberuka said the bank would be a “symbol of the renaissance of the Ivorian economy after a decade of recession

Abil board beguiled by CEO's toxic charm

The gist of the statement, according to Mr Verster, is this: African Bank’s management made a compelling argument.

South African funds don't invest in their backyard

It is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.

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