Managers of Wealth Africa

AfricInvest closes its largest African midcap-focused fund raising over $400mln

Already closed three deals in Ghana, Kenya and Morocco

Meridian Commodities Ltd Complete First Debt Raises on the Stock Exchange of Mauritius

Meridian’s Treasury team is led by Steve Bezuidenhout and Andre Bruyns who have played a key role in accessing this source of funding.

African entrepreneurs call for more investment in local energy startups

Last year, African startups attracted a record $5.2 billion in venture capital — more than the preceding seven years combined.

S&P lifts South Africa’s outlook to ‘positive’

The government said it welcomes the decision to revise the country’s credit rating outlook to positive from stable

Private sector records growth as PMI hits 56%

It stated that “Marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April.”

Access Holdings Plc to acquire majority stake in First Guarantee Pension Limited

The notice said the National Pension Commission and the Central Bank of Nigeria had given their “no objection” to the transaction, the completion of which is subject to the receipt of all required regulatory approval.

Office and retail sparkle in South Africa, Investec says

Investec Property Fund may dispose of its 65% stake in a pan-European logistics portfolio as rising property values and falling rental yields create an exit opportunity.

South Africa a step closer to new ‘full service’ state-owned bank

The Postbank is currently a subsidiary of the Post Office and only offers transactional and savings accounts.

Citi eyes Africa supply chain finance boost with support from British International Investment

BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups

Access Bank set sell its pension custody business to First Pension

The Group released a statement signed by the company secretary, Sunday Ekwochi and filed with the Nigerian Exchange Limited.

Bronwyn Knight: Mauritius offers attractive growth prospects in specialist real estate sub-sectors

With Africa rapidly urbanising, we are cognisant of our role in transforming the design of buildings and developments for long-term sustainability.

Old Mutual unit becomes MetroFibre Networx’s biggest shareholder

The deal was completed after the approval of the regulator, the Independent Communications Authority of South Africa (Icasa).

AIO President Seeks Improved Insurance Penetration in Africa

According to him, this shows the weakness of our industry, and the vast potentials to be exploited.

Allianz still reviewing details of Jubilee partnership deal

For now the focus is on business as usual.

CIEL Limited delivered a solid performance across its diversified portfolio in the nine months ended 31 March 2022

The Group upheld its tight cost control and business optimisation measures

FBN Holdings Calms Nerves Amid Agitations for FY 2021 Results

These issues have prompted an appetite for the financial statements of the organisation, with the delay in releasing them causing people to ask questions.

Nine banks’ non-performing loans rise, hit N814bn – Reports

Access Bank in 2021 reported N181.5bn NPL by value, representing an increase of 4.3 per cent from the N161.2bn it recorded in 2020

EBRD supports the development of Morocco’s capital market

After launching the first “green bond” in the Moroccan banking sector in 2016, BOA remains innovative in its sustainable and inclusive finance instruments.

CMA licenses three fund managers as African Alliance drops investment banking

“The investment bank notified the Authority of its intention to cease operation of their Investment Bank activities"

African Development Bank Group, Ethiopia sign agreements

The agreements will support agro-industrial park, youth employment and Ethiopia-Djibouti power interconnection

Alternative Investments