09/02/2014
South Africa’s Bidvest mulls London IPO
Bidvest, one of South Africa’s largest conglomerates, is considering listing its food services business in London to help fund acquisitions and growth, in the latest sign of African companies tapping the UK capital markets.
08/29/2014
High stakes for high return, if you can stick it out for the long term - investors are buying into a boom in sub-Saharan African real estate.
08/28/2014
PIC plans to improve returns by investing to reinvigorate the flagging economy.
08/27/2014
At the signing ceremony held in Lagos yesterday, directors of SIAML and all other professional parties signed the deal to issue 10,000,000 units of the Fund of 100 each at par
08/25/2014
The five-year bond will be issued on 27 August. The coupon rate is yet to be announced pending results from a market study.
08/25/2014
Bob Diamond's co-founded Atlas Mara has completed the acquisition of BancABC's parent company and African Development Corporation (ADC) in the first step towards realising its dream of becoming a giant financial services group in sub-Saharan Afr
08/22/2014
Actis DB Holdings Limited currently holds 14.79 per cent of the issued share capital of Diamond Bank.
08/22/2014
The company said the prospective capacity boost was "small by world standards"
08/22/2014
In early August this year, African Bank, the banking arm of African Bank Investments Limited, received a 1.6 billion US dollar bailout by the South African Reserve Bank
08/22/2014
Kaberuka said the bank would be a “symbol of the renaissance of the Ivorian economy after a decade of recession
08/21/2014
The gist of the statement, according to Mr Verster, is this: African Bank’s management made a compelling argument.
08/18/2014
It is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.
08/17/2014
Wierzycka says administration systems were not capable of dealing with negative yields and had to be overridden manually, which resulted in human error.
08/17/2014
Absa Bank has removed all African Bank Investments Limited investments (Abil) from its Absa Money Market Fund
08/15/2014
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, has approved $80 million in financing for International Housing Solutions Fund II, the private equity fund that prov
08/14/2014
African Bank Investments Limited is no stranger to dire straits – after peaking at R40.49 on April fool’s day in 2012, its share price tumbled erratically to reach R6.88 on August 4.
08/14/2014
South African commodity hedge fund to launch two new funds
As a consequence of asset growth and successful investment results, BlueAlpha transferred the investment management function for the Polar Star Funds to a new entity, Polar Star Management
08/13/2014
As its stake in African Bank wiped out.
08/13/2014
Sovereign Trust Insurance has been growing its business in the last five years
08/13/2014
African Bank has engaged in risky lending practices such as very large unsecured loans