03/12/2014

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.

03/03/2014

Old Mutual will incentivise execs to work together

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

Old Mutual IFRS Profit After Tax Down

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

02/11/2014

Africa Opps to raise up $100m

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

02/07/2014

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.