Managers of Wealth Africa

Angola: BDA Signs Memo With Brazilian Bank

The terms of this agreement aim to develop a partnership

Why we are partnering with AMAA, by Sterling Bank

The handing over of the president to the would-be coming president shows continuity and good corporate governance structure

African Bank Divides Managers as 36ONE Bets Against Shareholders

African Bank lost 52 percent of its market value this year

Funds from the crowd can assist start-ups

Crowd-funding is usually made available to companies and investors through trusted third-party websites

Inflation fears driving investors to bonds

Prices are rising more quickly, climbing 6.1% in April

Firestone Diamonds To Begin Work At Lesotho Mine After Finance Agreed

Johannesburg-based Absa Bank Ltd is a wholly owned subsidiary of Barclays Africa Group

Africa can tap global reinsurance markets; why not Florida?

Capitalized with contributions from Germany and the United Kingdom, the agency’s newly created Bermuda-based specialist hybrid mutual Africa Risk Capacity Insurance Co. Ltd. is offering $135 million of coverage to the participating countries.

Zimbabwe: ZB to Dispose of Two Units

Employees in the two units will be deployed to other divisions while an investment division will be re-opened.

Kenya retains top spot as major investor in African markets

Kenya has been ranked second in Africa as a source of investment an indication that the country’s economic clout is spreading beyond East Africa.

Nedbank warns against volatility complacency

Volatility will probably remain muted “for a significant period” as the global economy recovers

Power Reform Pushes Nigerian Banks to Debt Market

The desire to actively finance the activities of investors in the power sector has driven a lot of Nigerian banks to the debt market.

Tiger Brands wary of African assets after Nigerian misadventure

ITS investment in Nigeria had taught Tiger Brands not to be hasty when pursuing growth opportunities in Africa

SA fund manager second top owner of Umeme Ltd

Investec Asset Management is now the second largest shareholder of Ugandan electricity distributor Umeme Ltd, which is cross-listed in Kenya, after it bought a 18.47 per cent stake.

Nigeria’s Diamond Bank Issues $200m Eurobond

The transformation process has so far yielded fruit

Nigeria: CBN Deducts N111 Billion From Banks for AMCON Sinking Fund

The Central Bank of Nigeria last week deducted from banks N111 billion as contributions to the Sinking Fund of the Asset Management Corporation of Nigeria

Namibia: Allan Gray Namibia Brings New Investment Offerings

Previously only available to retirement funds, the newly registered Allan Gray Namibia Balanced Fund is also suitable for individuals and non-pension fund clients.

FCMB Set to Close Financing Deal for 450mw Azura IPP

FCMB Capital Markets Limited targets to close the financial deal of the 450 megawatt-capacity Azura-Edo Independent Power Plant by the end of June 2014, with the investment of equity, mezzanine finance, and non-recourse loans, raised from local and intern

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