Morgan Stanley News

Building the Entrepreneurial Base in Africa

Building the Entrepreneurial Base in Africa: J. Eric Wright, Chairman, Africa Venture Partners

J. Eric Wright was headed for Wall Street until he decided to take a year off in Africa. That short jaunt has stretched into nearly three decades on the continent — and led him to his life’s work.

Mitchell Elegbe, Founder & CEO, Interswitch

Helios said to be working with Citigroup to sell Nigeria's Interswitch

Helios Investment Partners, an Africa-focused private equity firm, is preparing to sell Nigerian payments-processing group Interswitch Ltd. in a deal that could value the company at more than $1 billion, people with knowledge of the matter said.

Attaendees at a Speed Meet Africa event discuss new opportunities

Goodbye Europe, Hello Africa: Frances Mensah Williams, Managing Editor, ReConnect Africa

When Ernestina Ellen Boadi resigned from her job as an Events Management Executive in London, it wasn’t because she planned to switch to a better job in the city.

World's largest brewer Anheuser-Busch InBev approaches South Africa's SABMiller for record industry acquisition

World's largest brewer Anheuser-Busch InBev approaches South Africa's SABMiller for record industry acquisition

Anheuser-Busch InBev NV said it intends to make an offer to acquire SABMiller Plc in a deal that would unite the world’s two biggest beermakers and control about half the industry’s profit.

JPMorgan hires HSBC trader Lebogang Moropa to start up South Africa prime brokerage business

JPMorgan hires HSBC trader Lebogang Moropa to start up South Africa prime brokerage business

JPMorgan Chase & Co. rehired a trader from HSBC Holdings Plc as the biggest U.S. bank sets up prime brokerage operations in South Africa for the first time.

Stock Market

Record number of African firms join the queues to stock exchanges: 2015 already 'a bumper' year

The continent may have been lower on the agenda than it would have liked at the recently-concluded Davos economic meeting, but African companies are not waiting for external love, with new research showing that firms in the region will this year go public at their fastest rate ever.

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.

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.

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.