Atlas Mara Co-Nvest News

Bob Diamond, Chairman of Atlas Mara and former CEO of Barclays

Bob Diamond sells $200M Atlas Mara stake to boost holding in Union Bank of Nigeria

Atlas Mara raising $200 million to increase Union Bank stake. Fairfax Africa partners with firm by purchasing shares and bond.

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays

CEO at Bob Diamond's Atlas Mara exits company

Atlas Mara, the African investment vehicle co-founded by former Barclays boss Bob Diamond, has unveiled plans for a shake-up.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

Kuben Naidoo, Deputy Governor, South African Reserve Bank

As Bob Diamond readies Barclays Africa bid, South Africa warns on bank buyouts

South Africa raised caution over Bob Diamond’s potential offer for Barclays Plc’s local unit, with the central bank signaling that private-equity bidders for the country’s third-largest lender would face opposition from regulators.

Dan Matjila, CEO, Public Investment Corporation (PIC)

South Africa's PIC in talks with Barclays on African business stake

South Africa’s state pension fund is talking to Barclays Plc about buying some of the stake which the British bank is selling in its African business, a source with direct knowledge of the matter said.

Former Barclays CEO Bob Diamond preparing bid for Africa arm of Barclays

Former Barclays CEO Bob Diamond preparing bid for Africa arm of Barclays

Bob Diamond has teamed up with a major private equity firm as he attempts to develop plans to mount a bid for the African operations of Barclays, the bank he ran until four years ago.

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays. Credit: altassets.net

Barclays' former CEO Bob Diamond reportedly wants to buy the bank's African assets

Bob Diamond, the American executive who was forced out as Barclays’ CEO in 2012, is reportedly interested in buying the British bank’s African operations.

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays

Bob Diamond's Atlas Mara eyes three more Africa acquisitions in 2015

Atlas Mara Ltd., the banking group that’s acquiring African lenders, is seeking to buy as many as three more businesses in 2015, co-founder Robert Diamond said.

Bob Diamond, CEO of Atlas Mara and Former CEO of Barclays

Bob Diamond: Africa is best place to invest right now

Investors looking to place their money outside of the U.S. should look no further than sub-Saharan Africa, Atlas Merchant Capital CEO Bob Diamond said Thursday.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

New generation of African entrepreneurs lead the way

As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Change of pace: growing numbers of young Africans have flourishing businesses — Bloomberg/FT

African Entrepreneurs - A new generation leads the way: Financial Times (Report)

Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.

Bob Diamond's Atlas Mara in talks to buy Finance Bank Zambia

Bob Diamond's Atlas Mara in talks to buy Finance Bank Zambia

Atlas Mara Ltd., the company co-founded by Bob Diamond to invest in African financial businesses, is in talks to buy Finance Bank Zambia Plc, according to three people with knowledge of the matter

Spanish billionaire Alberto Cortina. Photographer: Fernando Camino/Cover/Getty Images

Bob Diamond has a rival as Spanish billionaire Alberto Cortina eyes Africa bank deals

Ex-Barclays Plc Chief Executive Officer Robert Diamond has a rival: Spanish billionaire Alberto Cortina, who is building a banking presence in West Africa to take advantage of demand from sovereign and corporate clients.

Akinwumi Adesina, incoming President of the African Development Bank (AfDB)

Battle-hardened Nigerians are getting picked for top finance jobs in Africa

It was perhaps inevitable given its population mass, and its half-a-trillion dollar economy.

Bob Diamond, CEO of Atlas Mara and Former CEO of Barclays

Bob Diamond and Ashish Thakkar's Atlas to invest $23M in Banque Populaire Rwanda

Robert Diamond’s Atlas Mara Ltd. said it’s in exclusive talks to invest about $22.5 million in Banque Populaire du Rwanda and merge it with BRD Commercial Bank Ltd., creating one of the central African country’s largest lenders.

Ashish Thakkar, Founder & MD, Mara Group

It's Africa's turn to shine: Self-made tycoon Ashish Thakkar, Mara Group's Founder & MD (Video)

From banking to hospitality and real estate to e-commerce, Ashish Thakkar built his vast business empire from scratch.

Ashish J. Thakkar, Founder & MD, Mara Group

Ashish Thakkar and Bob Diamond's venture plans mobile banking push

Ashish Thakkar, who co-founded African banking venture Atlas Mara along with former Barclays group chief executive, Bob Diamond, says they are planning a major push into mobile banking in Africa, as their aggressive takeover strategy continues.

Bob Diamond, former CEO of Barclays and current CEO of Atlas Merchant Capital

Why Barclays former CEO Bob Diamond is doubling down on Africa with his new investment outfit Atlas Merchant Capital

Standing outside the Belvedere Hotel, one of the busiest meeting places here in Davos on a bitter cold Swiss morning, are dozens of the most powerful business leaders waiting to get through security to attend a breakfast event at the 45th annual World Economic Forum.

Bob Diamond, Co-Founder, Atlas Mara & Former CEO, Barclays

Former Barclays CEO Bob Diamond could gain millions from new African investment venture

Bob Diamond, ousted as boss of Barclays last year after the Libor-rigging scandal, potentially stands to reap millions of pounds from a new stock market venture set up to acquire financial services companies in Africa.

Bob Diamond, Co-Founder, Atlas Mara

Bob Diamond's Atlas Mara successfully increases stake in Union Bank of Nigeria to 29.9%

Atlas Mara Co-Nvest Limited ("Atlas Mara" or the "Company") has successfully completed its previously announced acquisition of approximately 20.9% in Union Bank of Nigeria Plc ("UBN"), from Asset Management Corporation of Nigeria ("AMCON"), for a purchase price of approximately $250 million (the "Transaction").

Miguel Azevedo, Head of Investment Banking, Citigroup Africa

Citi's Head of African Investment Banking Miguel Azevedo preaches Africa's growth story

Because Miguel Azevedo spends two weeks each month traveling on the African continent, Citigroup’s head of African investment banking must get special permission from his firm to fly to countries affected by the Ebola crisis.

London Stock Exchange (LSE)

London Stock Exchange to pursue African company listings

The London Stock Exchange is launching an aggressive attempt to increase the number of listings of African companies in the UK, following strong interest from institutional investors in a recent wave of initial public offerings from the region.

Qatar National Bank (QNB)

Qatar National Bank (QNB) buys stock in Ecobank for 2nd time this month becoming top shareholder

Qatar National Bank SAQ, the Middle East’s biggest lender by market value, bought stock in Togo-based Ecobank Transnational Inc. (ETI) for the second time this month to become its top shareholder with a 23.5 percent stake.

Sizwe Nxasana, CEO, FirstRand

FirstRand Targets $924M for Expansion in Africa

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, is setting aside 10 billion rand ($924 million) for expansion across the continent as profit increases from regions outside its home market of South Africa.

Bob Diamond, CEO of Atlas Mara and Former CEO of Barclays

Bob Diamond and Ashish Thakkar's Atlas Mara Buys 21% Stake in Union Bank of Nigeria for $240M

Bob Diamond’s Atlas Mara Co-Nvest said on Friday it had exercised an option to buy a 20.9% stake in Union Bank of Nigeria for $270 million, taking its interest to 29.9%.

Bob Diamond, CEO of Atlas Mara and Former CEO of Barclays

Bob Diamond in talks to buy stake in Nigeria's Union Bank

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, is in talks to buy a $275 million stake in Union Bank of Nigeria , a person familiar with the matter said on Thursday.

Disruptive: Ashish Thakkar wants to shake up African banking but disagrees with criticism of his partner, Bob Diamond

Ashish Thakkar: Bob Diamond's African partner in banking

When he was 15 years old, Ashish Thakkar told his parents that he wanted to leave his school in Uganda to build a business.

Ashish Thakkar, Founder & MD, Mara Group

Barclays' Former CEO, Bob Diamond, and Ashish J. Thakkar, Mara Group's Founder, to Raise $400M to Fund Investments in Africa

Atlas Mara Co-Nvest is looking to raise an additional $400 million to fund its investments in Africa.