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AFRICA CANADA

Canadian "Warren Buffett" excludes his banks from deal for big new African investment group

Canadian financier Prem Watsa, who heads the giant Fairfax investment group, announced plans to bring fellow investment giant Helios into the capital of his African subsidiary, Fairfax Africa, on 10 July. Fairfax Africa will divest itself of its struggling African banks, however, before Helios proceeds with its investment. [...] (543 words)

Issue dated 22/07/2020 Reading time 3 minutes

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Finance Business

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Atlas Mara
Babatunde Soyoye
BancABC
Banque populaire du Rwanda
Barclays
Bob Diamond
Consolidated Infrastructure Group
Fairfax Africa
Fairfax Financial
Hélios
Helios Fairfax Partners Corp
Helios Holdings
Michael Wilkerson
Prem Watsa
Tope Lawani
Union Bank

Ex-Barclays boss Bob Diamond's bank calls it quits on Rwandan venture Free

Once a favourite with the government, Atlas Mara, owned by former Barclays boss Bob Diamond, has pulled out of Banque populaire du Rwanda. [...]

AFRICA CANADA Finance Business 02/10/2020

Helios and Fairfax enter into a very binding pre-nup

Run by the Nigerians Tope Lawani and Babatunde Soyoye from London, the pan-African private equity firm Helios is putting the final touches to Helios Fairfax Partners Corp (HFP), its joint fund with Fairfax Africa owned by the Canadian billionaire Prem Watsa. [...]

Spotlight

AFRICA UNITED KINGDOM Finance Business 15/09/2020

City of London spreads net in Africa as Brexit looms

The London financial centre, which risks seeing its position in Europe weakened by Brexit, is looking to conquer new markets, notably in Africa. One of the instruments it is using to further its financial influence is financial certification institution CISI. [...]

KENYA Finance Business 13/07/2020

Banking giant Equity stumbles in its expansion beyond Kenya

After failing to acquire a stake in the Atlas Mara fund's banks, Kenyan banking group Equity is playing catch-up in Congo. [...]

NIGERIA Finance Business 09/07/2020

Union Bank gets boost from IFC

The World Bank's private sector arm might extend guarantees to the Union Bank of Nigeria, a subsidiary of the Union Global Partners conglomerate and Atlas Mara, Barclays' ex-CEO Bob Diamond's fund. [...]

GHANA Energy 22/04/2020

Helios Investment hush hush about secret partner on Tema LNG project

The discreet Ghanaian company Lyndhurst Corp has actively invested in the Tema LNG import project, whose 2020 launch has now been compromised by the Covid-19 crisis. [...]

UGANDA Business 30/09/2016

Atlas Mara wants to buy into Crane Bank

The fund Atlas Mara, run by Bob Diamond, the former head of Barclays Bank, is continuing to expand by investing [...]

Spotlight

AFRICA Energy 25/01/2011

Lifting the veil on secret Shell/Vitol deal

After more than seven months of exclusive negotiations, the Helios Investment Partners fund and the Vitol trading group finally struck a deal - without yet announcing it publicly - on acquiring RoyalDutch/Shell ’s downstream operations in 19 African countries. [...]

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Atlas Mara
Babatunde Soyoye
BancABC
Banque populaire du Rwanda
Barclays
Bob Diamond
Consolidated Infrastructure Group
Fairfax Africa
Fairfax Financial
Hélios
Helios Fairfax Partners Corp
Helios Holdings
Michael Wilkerson
Prem Watsa
Tope Lawani
Union Bank

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Canadian "Warren Buffett" excludes his banks from deal for big new African investment group

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Ex-Barclays boss Bob Diamond's bank calls it quits on Rwandan venture Free

Helios and Fairfax enter into a very binding pre-nup

City of London spreads net in Africa as Brexit looms

Banking giant Equity stumbles in its expansion beyond Kenya

Union Bank gets boost from IFC

Helios Investment hush hush about secret partner on Tema LNG project

Atlas Mara wants to buy into Crane Bank

Lifting the veil on secret Shell/Vitol deal

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Canadian "Warren Buffett" excludes his banks from deal for big new African investment group

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Ex-Barclays boss Bob Diamond's bank calls it quits on Rwandan venture Free

Helios and Fairfax enter into a very binding pre-nup

City of London spreads net in Africa as Brexit looms

Banking giant Equity stumbles in its expansion beyond Kenya

Union Bank gets boost from IFC

Helios Investment hush hush about secret partner on Tema LNG project

Atlas Mara wants to buy into Crane Bank

Lifting the veil on secret Shell/Vitol deal

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Indigo Publications also publishes: