Deutsche Bank News

Standard Bank Starts Prime Brokerage on South Africa Hedge Funds Growth Bet

Standard Bank Starts Prime Brokerage on South Africa Hedge Funds Growth Bet

Standard Bank Group Ltd., Africa’s largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it expects will boost the hedge-fund industry.

Jes Staley, CEO, Barclays

Barclays to surrender control of Africa unit with £1.6bn sale

Barclays has been given regulatory approval for the sale of its remaining stake in its Barclays Africa Group, according to a unit of the business.

Jacob Zuma, President of South Africa

South Africa joins emerging markets wave of sovereign bond sales

South Africa is preparing its first sale of debt this year as global investors including BlackRock and Pimco declare that emerging markets represent a buying opportunity after three years of underperformance.

Miguel Azevedo, Head of Investment Banking, Citi Africa

Citi to Deutsche Bank on charm offensive in Africa as banks clamor for bond issuance deals

Bankers from London to Frankfurt and New York are on a charm offensive in Africa. Their goal: convincing governments to keep selling debt as first-half issuance slows from a five-year high.

South Africa fines Deutsche Bank $857,000 for rules breaches

South Africa fines Deutsche Bank $857,000 for rules breaches

Deutsche Bank AG was fined 10 million rand ($857,000) by South Africa’s banking regulator for failure to comply with rules covering the detection of property linked to terrorism and other crimes.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

Addis Ababa

Ethiopia: Africa's fastest growing economy plans to issue first US dollar sovereign bond

Ethiopia plans to sell its first dollar bond as Africa’s fastest-growing economy exploits record demand for the continent’s debt.

Udayan Goyal, Founder and Managing Partner at Anthemis Group

Apis Partners launches private equity growth fund to invest in financial technology in Africa and Asia

Strong appetite for investments in financial technology has prompted the launch of a private equity firm dedicated to the sector in emerging markets.

Seven Energy will be the next Nigerian corporate to test investor appetite

Sub-Saharan Africa bond issuance booms

Bond issuance volumes from sub-Saharan African have already surpassed last year’s levels with the promise of more to come.

Alexander Forbes, Sandton, South Africa

South Africa's Alexander Forbes raises $345M in IPO

South African pension manager Alexander Forbes on Friday priced its initial public offering at the middle of its planned range on Friday, raising 3.7 billion rand ($345 million) ahead of its return to the Johannesburg exchange.

Renaissance Capital

Another departure from RenCap: Head of African Research Nothando Ndebele leaves following departure of West Africa CEO Yvonne Ike

Nothando Ndebele, head of African research for Renaissance Capital, has quit three weeks after Yvonne Ike, chief executive officer for the brokerage’s West African operations, left to join Bank of America Corp.

Julio Portalatin, CEO, Mercer

Marsh & McLennan to Buy 34% of Alexander Forbes of South Africa

Marsh & McLennan Cos (MMC) will buy a 34 percent stake in South Africa‘s Alexander Forbes Ltd. (AFB) as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month.