Managers of Wealth Africa

World Bank, Others To Finance $100m Zimfund

This, in turn, allows the flexibility to facilitate some of the pressing reforms in the area of parastatals by carrying out a thorough due diligence audit over management systems.

MMI agrees to acquire ISPR in bid to cut costs, expand

Financial services group MMI Holdings has entered into an agreement with Botswana-listed Imara Holdings Limited to acquire 100 percent of stockbroker Imara SP Reid

Citi and Zurich sign 15-year exclusive agreement to distribute life insurance in the Middle East

Citibank NA and Global insurer Zurich Insurance Group announced today the signing of an exclusive 15-year strategic agreement to offer Zurich’s comprehensive life insurance solutions, as defined in the agreement, to Citi’s consumer clients thr

Stanbic IBTC Bank, SURE-P MCH project, a boost to financial inclusion

The financial inclusion and the cashless policy initiatives of the Central Bank of Nigeria last week got uplifted following Stanbic IBTC Bank and the Subsidy Reinvestment and Empowerment Programme Maternal and Child Health (MCH) Project, on mobile conditi

SEC okays Skye Bank’s acquisition of Mainstreet Bank

Mid Tier lender, Skye Bank Plc, said on Tuesday it had received a ‘No Objection’ letter from the Securities and Exchange Commission to acquire Mainstreet Bank from the Asset Management Corporation of Nigerian

Angola’s banking boom: New players wrestle for their share of a fast-growing market

Angola´s financial sector, like its economy, has seen rapid growth in the past decade, as the number of domestic banks operating in the country jumped from 13 in 2005 to 29 in 2014.

Restoring African Bank not on cards

It looks like the good bank that the South African Reserve Bank and National Treasury want to raise from the ashes of African Bank is never going to happen.

MMI Acquires South African Brokerage Firm For $10.3m

MMI has acquired Imara because the brokerage firm is a well-established mid-sized stockbroker with over 70 years of experience in the South African stock broking market.

Zimbabwe secures $108m from African Development Bank

Zimbabwe is projected to spend 81% of its national budget on salaries for state workers next year, leaving little to develop infrastructure.

Old Mutual may sell more than R3bn rand of bonds

Old Mutual last month raised R1 billion with the sale of two subordinated Tier 2 November 2024 notes

John Taylor ‘first international luxury real estate brand’ on Mauritius

The growing international agency hopes the new office in Ebene will increase sales, rental and property management to Commonwealth and Francophile communities, plus Russia and the Middle East

Deputy Minister Ndabeni-Abrahams to Market SA in Dubai

In an effort to position South Africa as a globally competitive destination that is open for business, the Deputy Minister of Communications, Stella Ndabeni-Abrahams, is leading a South African delegation to Dubai in the United Arab Emirates.

African insurers in vogue as incomes rise

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home.

New coins to help ease Zimbabwe cash crunch

The country now uses the US dollar, British pound, South African rand, Botswana pula, Japanese yen, Chinese yuan, Indian rupee and the euro, among other currencies.

South Africa's current-account deficit spoils party

South Africa's current-account deficit threatens to undermine the economic benefits provided by the slump in the oil price.

Stellar Diamonds announces its first diamond exports from Baoulé

The company has produced 1,206 carats (+1.25mm) to date with an average grade of 15cpht, which included over 85 diamonds of over 1 carat.

African Capital Alliance buys out Sanlam's stake in SIM Capital Alliance

The Board of SIM Capital Alliance Limited (SIMCAP) has announced the buyout of Sanlam Investment Management’s (Sanlam) ownership interest in SIMCAP by African Capital Alliance Holdings Limited (ACAHL).

The Major Insurance Companies Are Racing To Insure Africa's Growing Middle Class

Khartoum Conference Seeks to Fast-Track the Accessibility of Islamic Finance in Africa

The International Forum on Islamic Finance (IFIF Sudan 2014) is being convened on the 9th and 10th of December 2014 at the Al Salam Rotana, Khartoum, and will feature high-profile discussions that will seek to capture the Africa opportunity for Islamic fi

Sirius Completes Fast Track Process, List On Altx Of JSE

Sirius Real Estate has completed its fast track, secondary listing on the Alternative Exchange (AltX) of the Johannesburg Stock Exchange.

Alternative Investments