Managers of Wealth Africa

Kenya: Govt Starts Spending Proceeds From the Eurobond

The shilling has been hovering be- tween 87.50 and 88.00 to the dollar

Institutional investors keen on AlexForbes

Alexander Forbes will issue 44.1-million new shares to raise about R330m

African Bank Needs More Cash to Comfort Bondholders, Sanlam Says

African Bank sold 5.5 billion rand ($511 million) of stock to existing investors at 8 rand each in December.

Zenith, Access, Diamond banks raise $1.1bn Eurobonds

He said Nigeria was Citibank’s biggest operation across sub-Saharan Africa

Foreigners buy R6.5bn of SA property

These individuals generally hold about 25% to 30% of their wealth in real estate

Dodging bullets while investing in Africa

Investors chasing high returns are ready to overlook real danger, weak governance and poor infrastructure

Ghana’s Biggest Fund Shuns Stocks to Boost Debt Holdings

With stocks in West Africa’s second-biggest economy headed for the lowest returns in three years

South Africa mandates as Nigerians take to the road

South Africa has picked three banks to lead manage a foreign currency bond while Nigerian duo Helios Towers and First City Monument Bank are on the road ahead of debut dollar deals, promising a healthy pipeline of African supply.

Nedbank says to buy back R3.38 bln of own shares from NBG Capital Management

Nedbank Group intends proposing a specific repurchase of 14 715 049 Nedbank Group ordinary shares from NBG Capital Management Limited

PBME-KHC sign Africa deal

The joint venture between KHC and PBME will invest in African companies, in response to rising investor demand for exposure to the continent's fast growing economies.

East Africa The Cheapest Region To Start A Business – Savannah Fund

The survey considered six countries regarded as ‘key’ on the continent, comparing costs of startups in their first year, including administrative costs (sales, business, permits, legal, accounting and travel), office space, as well as hiring o

Nigeria Requires Increased Institutional Support in Real Estate

This, it argued supports the World Bank commentary that profitability and policy would be the deciding factors in attracting investment into Nigeria.

Buying Into Paradise – Mauritius Woos Foreign Investors

There’s a well-developed healthcare system too, so foreigners are assured of a high standard of medical treatment in an emergency.

Convergence Partners eyes African markets

ICT investment management firm, Convergence Partners, says it will open up a new office in Lagos later in the year, as it targets African markets

Mumias Sugar Plans to Reorganize Debt in Bid to Return to Profit

Debts that were to mature early will be rescheduled by a further three to five years

Kenya to target funds from Middle East and Asia next year

The bond issue on Irish Stock Exchange Monday last week comprised of a five-year Sh43.73 billion($500 million) and the 10-year Sh131.21 billion($1.5 billion) with a yield of 5.875 and 6.875 per cent, respectively.

Namibia: Old Mutual Namibia Acquires 100 Percent of Mutual and Federal

The Namibian short term business was, in effect, largely treated as an extension

Nigeria: NSE postpones approval for FBN Life’s acquisition of Oasis insurance

The Nigerian Stock Exchange has said it is yet to grant approval to First Bank of Nigeria Life Limited, a subsidiary of FBN Holding and Sanlam of South Africa of the acquisition of Oasis Insurance Plc.

SA as a truly attractive centre for international fund management

Maitland has recently developed a Luxembourg Management Company (Manco) white labelled solution which we will launch at this event

Alexander Forbes To List On JSE

The company said the name of the firm will be changed from Alexander Forbes Equity Holdings Proprietary Limited to Alexander Forbes Group Holdings Limited.

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