Africa can prove a complex market to navigate for major private banks, due to its regulatory environment and the omnipresent risk of political turmoil. The …
Five hot spots for African wealth management
Wealth is increasing in a continent largely neglected by wealth managers. But a continental view can be misleading. Mishelle Thurai looks into the forgotten corners …
Nedbank and Ecobank to expand wealth management in West Africa
Two pan-African banks Nedbank and Ecobank announced that they would form a partnership to provide asset and wealth management services across francophone West Africa. South …
HSBC and UBS shut offices in Nigeria
The Central Bank of Nigeria (CBN) said on Friday that HSBC and UBS Nigeria had closed their representative offices. No reasons were provided. Their closures …
EFG Hermes to acquire Nigerian brokerage Primera Africa
Egyptian investment bank EFG Hermes has agreed to acquire Nigerian brokerage and research firm Primera Africa. Financial terms of the agreement were not divulged. Headquartered …