03/13/2014
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.
03/13/2014
Zimbabwe should set up its sovereign wealth fund when it achieves budget surplus to avoid worsening budget deficits
03/12/2014
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.
03/11/2014
This investment is set to give a boost to the emerging sector of lending exchanges and social lending in South Africa.
03/11/2014
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.
03/10/2014
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.
03/07/2014
The Bank of Ghana is working to establish a deposit insurance scheme for commercial banks.
03/06/2014
This was the first ever sub-sovereign Sukuk in Africa.
03/03/2014
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.
03/03/2014
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.
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.