Managers of Wealth Africa

AfCFTA receives boost as cross-border payment system takes off

PAPSS will serve as a continent-wide platform for the processing, clearing and settling of intra-African trade and commerce.

Standard Chartered Bank acts as Joint Lead Manager ‘JLM’ on Access Bank Plc. US$500 million Senior Eurobond

The net proceeds of the Eurobond will provide medium term funding and help to enhance the capacity of the Bank to support its general banking purposes.

Ethos Capital confident investees have responded well to Covid-19

The company says the pandemic has demonstrated the benefits of the active management approach of private equity

King Oyanka solidifies development partnerships from six countries

This gesture enabled a multi-phase cryptobank and several other websites geared toward this goal that were created by Nii Adama Djata to be moved into a geographical territory

OPEC Fund loan to MCB to promote international trade in Mauritius and sub-Saharan Africa

The proceeds of this syndicated facility will be used for general corporate purposes, refinancing and trade finance. This transaction marks the OPEC Fund's first cooperation with MCB

Zimbabwean Diamonds Producer Expands Into Botswana

This resulted in the formation of Katanga Mining Private Limited.

Top Coronation fund manager quit after inquiry found he profited from 'pricing inefficiency'

Adrian Zetler was co-manager of the Coronation Balanced Plus Fund, Coronation Industrial Fund and Coronation Equity Fund.

Stanbic IBTC Tasks Nigerians On Smart Investment

“The event has not only enlightened us about the benefits of investing, but it has also provided veritable investment options through which we can build our wealth over the years.”

TrustBanc Closes Third Tranche of N10 bn Debt Issue

UCML Capital Limited, United Capital Plc and Emerging Africa Group, acted as dealers on the transaction.

ABSA Advocates Social Investment Plan from Oil and Gas proceeds

He advised that considering the overt contribution of the oil and gas sector to the African economy, a strategic approach to the adoption of cleaner energy is advisable.

SA needs more investment, but govt's bucket has holes in it - Nedbank chief economist

Weimar explained that economic growth usually comes from four sources of demand, namely consumer spending (about 60% of SA's GDP), fixed investment, government spending and exports.

Access Bank Plc Successfully Launches $500m Senior Unsecured Eurobond With Record Oversubscription

The net proceeds of the Eurobond will provide medium term funding and help to enhance the capacity of the Bank to support its general banking purposes.

Unity Bank, others fund N15.5bn equipment for Julius Berger

“Unity Bank will continue to provide support to such projects as we have been doing in other critical sectors of the economy such as agriculture.”

Standard Chartered Launches Flexible ‘Smart Business Loan’ Product To Support SMEs

Idoru said that the bank was constantly looking for ways to ensure SMEs get access to the needed support to enable their businesses to thrive.

FirstRand ends funding of new-coal fired power stations with immediate effect

While South Africa’s largest banks are reducing their exposure to activities that pollute the environment, they have set differing time-lines to take into account the nation’s reliance on coal.

Another downward leg for inflation by FBNQuest Capital

Nigerian economy to grow by up to 3% this year

African Development Bank approves a $50 million Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered Bank

The parties will share the default risk on a portfolio of eligible trade transactions originated by African Issuing Banks and indemnified by Standard Chartered Bank.

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