Managers of Wealth Africa

South African property delivered a stable 15.3% total return in 2013

The IPD South Africa Annual Property Index shows that the South African investment property sector delivered a stable 15.3% total return in 2013.

UBA Subsidiaries Named Best Emerging Market Banks In Africa

Three United Bank For Africa subsidiaries, UBA Burkina Faso, Cameroon and Senegal have emerged World’s Best Emerging Market Banks in Africa

Barclays, CDB scout for deals in Africa

Barclays and the state-run China Development Bank Corporation have rewritten their long-standing partnership to include deal-making in Africa, providing further evidence of China's ambitions on the continent.

Standard Bank set to list first South African palladium ETF

Precious metals ETFs, which issue securities backed by physical metal, have proved a popular way to invest in the sector

Mexican multi-billionaire's Inbursa to acquire Standard Bank Group's Brazil unit

Grupo Financiero Inbursa, the bank controlled by Mexican multi-billionaire Carlos Slim, said it had agreed to acquire the Brazilian unit of South Africa's Standard Bank Group for approximately $45 million.

South Africa: Insurers need new plans to tap mass market

Last year was one to forget for insurers that have identified the mass market as their area of growth.

Ashburton Investments gets SA approval

Jersey-based Veronika Pechlaner, who manages the Ashburton Global Leaders Equity Fund together with investment director Nick Lee, said: "Our focus is on finding 20 quality mega-caps, which are global leaders within attractive industries.

Zimbabwe: Stanbic named top sub-custody provider

Stanbic Bank Zimbabwe has been recognised as the best sub-custody provider in Zimbabwe in Global Investor magazine’s annual Sub-custody Survey.

Mint resumes making coins for Botswana

The Royal Canadian Mint is pleased to announce that it has produced a new series of multi-ply plated steel circulation coins on behalf of the Bank of Botswana.

Barrick gold to sell 10 percent stake in African unit

The parent had already held talks with China National Gold Group Corp. in 2012 over selling its majority stake, with discussions ending in January of last year without agreement.

Tanzania: Ecobank Tanzania Launches 'China Direct' Desk

ECOBANK Tanzania has launched a special desk, known as 'China Direct Initiative, designed to facilitate swift and increased transactions involving trade between China and Tanzania.

Zimbabwe: 'Set Up Wealth Fund After Budget Surplus'

Zimbabwe should set up its sovereign wealth fund when it achieves budget surplus to avoid worsening budget deficits

Standard Bank Angola unit ends loss

Standard Bank Group Ltd. broke even in Angola last August after a law requiring oil companies to use local banks boosted revenue, assets and credit at the unit of Africa’s biggest lender.

RainFin Reports that Barclays Africa Group Limited Acquired 49% Stake

This investment is set to give a boost to the emerging sector of lending exchanges and social lending in South Africa.

StanChart PE invests USD57 million in Zambian energy firm

Standard Chartered’s Private Equity Africa division has made its first investment in Africa’s developing power sector with US$57 million into Zambian Energy Corporation.

Peninsula Energy gains $5M investment from JP Morgan Asset Management

Peninsula Energy has raised $5 million to fund ongoing construction activities at its Lance Uranium Projects in Wyoming through a placement of shares to JP Morgan Asset Management.

BoG to roll out insurance scheme for banks

The Bank of Ghana is working to establish a deposit insurance scheme for commercial banks.

NSE listed bond wins African deal of the year award

This was the first ever sub-sovereign Sukuk in Africa.

Old Mutual aims to be ‘Africa’s champion’

The group now had more than 1.9-million customers in the rest of Africa, excluding South Africa, it said on Friday on the release of its full-year results to December.

Nigeria loses as Afren, Lekoil, Camac, Heritage list offshore

BusinessDay’s analysis of available public data shows that 96 companies are currently active in Nigeria’s upstream oil and gas sector in the form of exploration and production.

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