Managers of Wealth Africa

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

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.

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.

Ethiopia Starts Marketing Debut Eurobond for Projects

Kenya’s $2 billion of bonds due June 2024 yielded 5.89 percent at 5:21 p.m. in London.

South African property fund picks up more Aussie assets

A South African listed property fund is continuing its push into the Australian market, adding two NSW industrial properties to its portfolio of Australian assets.

Obstacles to Convergence in South Africa

South Africa, despite having one of the strongest economies on the continent, has not been able to join that trend.

SEC to Develop $3.9trn Bond Market in 30 Years

As part of its efforts to help Nigeria meet her infrastructure deficit estimated at $3.9 trillion, the Security and Exchange Commission has said it wants to develop the Nigerian bond market to reach that height over the next 30 years.

Alexander Forbes set for African expansion

SA’s largest retirement fund administrator, Alexander Forbes, is looking for low-value acquisitions in the rest of Africa and has tasked one of its senior staff with looking for "nonorganic" growth opportunities on the continent.

South Africa’s Zuma sets sights on boosting investment from China

China is being urged to boost support for South Africa’s industrialisation “by investing in the development of science and technology, agro-processing, mining and mineral beneficiation, renewable energy, finance and tourism”

JSE blows its own horn, but new listings have to prove worth

The JSE's kudu horn, which signals the listing of a new company, has been blown more frequently this year than in recent history, but has the fanfare been worth it for investors?

Shanduka Merger With Pembani to Proceed After Ramaphosa’s Exit

Shanduka Group said its proposed merger with Pembani Group will continue once the exit by South African Deputy President Cyril Ramaphosa from the company he founded is completed.

New London Reinsurer Sets Sights on Africa

One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.

African Bank’s Rescuers Stick to Plan as Investors Seek Deals

South Africa’s failed African Bank Investments Ltd. remains on course for an initial public offering early next year

BOAD launches bond loan issue of FCFA 40 billion

As part of the implementation of its annual bond issue programme, the West African Development Bank is launching a bond loan issue of XOF 40 billion through a public offering from 1 to 19 December 2014.

EU, ECOWAS launch $60m projects for West African countries

The European Union Wednesday in Abuja committed 40 million euros to launching two projects aimed at achieving economic integration and attracting private sector investments for West African states.

Old Mutual enters Ghana’s market

This follows the Group’s acquisition of Provident Life Assurance in 2013.

Alternative Investments