03/03/2014
Old Mutual intends to implement incentive plans for the executive management of Old Mutual Emerging Markets, Nedbank and Mutual & Federal, which will reward them for driving revenue, cost and capital synergies between the three businesses.
02/28/2014
For the year, adjusted operating pre-tax profit remained flat at 1.61 billion pounds, while adjusted operating profit after tax attributable to ordinary equity holders of the parent rose to 890 million pounds, from 841 million pounds in 2012. Adjusted ope
02/18/2014
Allocators from 29 different countries completed the survey. Approximately half (46%) of responding investors manage $1bn+ in hedge fund AuM, and 18% manage over $5bn.
02/18/2014
Nigeria: The Struggling State of Collective Investment Schemes in Nigeria
It is now official that Collective Investment Schemes in the Nigerian capital market are struggling and offer unattractive earnings.
02/18/2014
The idea is to use the banking footprint of First Bank of Nigeria to distribute motor and fire-insurance products provided by Oasis.
02/14/2014
Jersey’s growing reputation as a centre for the operations of international mining companies was showcased to an audience of thousands at one of the world’s largest mining industry events last week.
02/12/2014
African Bank issues 175 mln Swiss franc bond, shares jump
South Africa's African Bank issued a senior unsecured bond worth 175 million Swiss francs on Wednesday, which investors took as a sign of confidence in the ailing lender and sent its shares sharply higher.
02/11/2014
Africa Opportunity Fund is proposing to raise up to US$100m through a placing of C shares at $1.00 apiece after trading of its ordinary shares moves from AIM to the London Stock Exchange's Specialist Fund Market
02/11/2014
Sam Houlie, a money manager at Momentum Asset Management, is betting that African Bank Investments Ltd. will rebound by adding South Africa’s worst-performing lender to the portfolios of his funds.
02/07/2014
African nations seek new deals with Arab investors
African countries that missed out on Gulf cash pouring into agricultural projects elsewhere on the continent are trying to entice Arab investors with deals they say are designed to avoid problems of the past.
01/31/2014
International expansion is clearly on the agenda
01/30/2014
Nigeria is a key market, as are the eastern hub centred on Kenya, and the Southern African markets including Namibia and Zimbabwe, said investments director at Old Mutual Investment Group Hywel George.
01/30/2014
While growth rates will be highest in Asia and lowest in the more mature US market, the growth drivers will be the same across all markets
01/28/2014
Investment from China beneficial to Africa
These institutions are playing a very significant role in Africa's economic development
01/24/2014
South Africa’s market regulator, the Financial Services Board recently extended the limit in of the amount of money pension funds can invest in hedge funds, thus creating more opportunities in the local hedge funds space.
01/24/2014
The Dubai-based investment bank was issued a licence by the JSE on Wednesday as it became the first new stockbroker to become a member of the bourse since mid-2011.
01/20/2014
Global ETP flows accelerated in December to $24.7bn, following the Fed's decision to begin trimming its $85bn monthly bond-buying program.
01/20/2014
Ex-Standard Bank staff form London-based advisory firm
Five former employees of Standard Bank Group Ltd., Africa’s biggest lender, have formed a London-based advisory firm to arrange financing for companies and projects across the continent.
01/16/2014
Gold One would be delisted from both the ASX and the JSE on January 30, following the suspension of trade on January 17, after BCX paid out the Gold One shareholders on January 24.
01/15/2014
Johannesburg-based Standard Bank, Africa's largest lender, has been hired due to its local presence and expertise in the African country, two of the sources said, speaking on condition of anonymity as the matter has not been made public.