Managers of Wealth Africa

South Africa: State firms eye tapping Islamic cash

Global Islamic bond sales surged 37 percent this year as demand for debt that complies with Islam’s ban on interest lures first-time issuers.

London Listed Prudential Acquires Kenyan Life Insurance

London listed Prudential PLC has acquired a Kenyan Life Insurance firm, Shield Assurance and plans to invest 1.5 billion shillings in the next 12 months and create 4,000 jobs.

Cass Business School strengthens ties between UAE and South African Bankers

This is the fourth time they have hosted the BANKSETA delegation, further strengthening the ties between UAE and South Africa's banking community.

Kenya: Pinebridge Maintains Lead Among Private Fund Managers

In terms of number of schemes under management, Genesis Kenya had the highest with 97

UBS and Goldman Sachs left red-faced by AngloGold Ashanti $2.1bn float flop

Proposals for a new London-listed mining spin-off worth £3bn hit the dust yesterday, as shareholders at one of the world’s top gold miners revolted over a $2.1bn rights issue key to the massive restructuring.

South African insurer may enter India

In India, it plans to target diabetes patients.

PineBridge tops list of private fund managers

PineBridge Investments East Africa Ltd has been ranked as one of the wealthiest fund managers in Kenya with assets under its management estimated to be worth Sh158.9 billion.

Africa Israel raises $129 mln in bond sale to institutions

Africa Israel said the new series will go towards paying down older debt - principal and interest.

UAE firms sign contracts worth $19bn for West Africa

UAE businesses have committed a total of $19 billion in funding for 17 infrastructure projects in West African countries

Blending active and passive

Savings Warrior mixes it up.

South Africa's Investec to sell UK mortgage unit Kensington for $290 mln

The sale of Kensington, which follows that of Investec's struggling Australian professional finance and leasing arm in April, does not include the Irish operations

‘Stanbic IBTC’s ETF Will Give Investors Access to NSE 30 Index’

Oyekan said the floating of the fund will appeal to sophisticated and institutional investors that believe in the growth story of companies listed on the NSE and by corollary, in the abundant growth opportunities that exist in Nigeria.

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.

Alternative Investments