10/06/2015
Ghana’s interest rate highest in the world
The Bank of Ghana increased its benchmark interest rate by 100bps to 25% on September 14, 2015, aiming to curb inflationary pressures.
ESG
10/02/2015
African Economic Growth Expected to Outpace Global Average
This is largely attributed to the inward FDI from China with investment mainly going into primary resource sectors and infrastructure.
09/25/2015
Renaissance Capital net profit exceeds 20% Growth
Our goal is to stay at the forefront, offering best in class trading, banking and access to capital to our clients from around the world.
09/22/2015
Zenith Bank total assets grow by 4, 650% in 10 years
The total assets of the 5th largest Bank in Ghana has grown from GH₵64.7million at the end of 2006 to over GH₵3billion at the end of 2014.
09/21/2015
Morocco's BMCE Bank says first-half net profit up 18 pct
BMCE's net provisions fell to 806 million dirhams, down 24 percent from a year earlier as the bank recovered more than 700 million dirhams of provisions.
09/17/2015
Brooks Macdonald reports profit increase and wins South African mandate
Chief executive Chris Macdonald said: "This has been a year of substantive progress for the Group. We have continued to grow funds under management and increase profits whilst making considerable progress on our IT development, our distribution, impr
09/17/2015
Investec puts brave face on South African economy
Investec, the London and Johannesburg-listed bank, has reported strong performances across both its businesses despite the economic contraction in South Africa, although the nation's weakened currency will hit its earnings.
09/17/2015
Big four banks’ earnings hit highs
Standard Bank’s corporate and investment banking division was the best performer, seeing a 21.9% surge in loans and advances to customers.
09/16/2015
Increased business momentum spur FCMB to growth as earnings surged
Interest income increased by 15%
09/10/2015
FirstRand Tightens Lending as Bad-Debt Levels Rise Amid Slowdown
South Africa’s economy contracted by 1.3 percent in the second quarter with consumers battered by power shortages, higher inflation and a rising interest-rate cycle.
09/10/2015
FirstRand FY profit rises 17% buoyed by retail banking
Net income rose to R21.6 billion.
09/09/2015
Morocco's Attijariwafa bank H1 net profit rises 2.2 pct
The bank said it had set aside an additional 1.6 billion dirhams in provisions
09/07/2015
UBA Mid-year Earnings Hit N167 Billion
The pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half-year financial results.
09/06/2015
Fortis microfinance bank taps Nigeria large market as earnings spike
Fortis Microfinance Bank (FMB) Plc has tapped into the large Nigerian market as half year earnings upsurge amid a tough operating environments crimping the growth of companies in Africa’s largest economy.
09/04/2015
Pension fund withdrawals hurt Sanlam
Sanlam yesterday announced that two major pension funds had withdrawn a total of R13 billion of their funds managed by the group as the financial services group reported disappointing interim results.
08/28/2015
Diamond’s Atlas Mara on lookout for more deals after swing to profit
It said it continued to “evaluate further acquisitions” to expand, and was still in talks to buy a substantial stake in Banque Populaire du Rwanda.
08/27/2015
Standard Bank Namibia posts good results
Standard Bank Namibia Holdings produced a positive performance for the six months
08/23/2015
Sterling Bank Grows Earnings By 12% In H1
Major highlights of the account showed that gross earnings rose by 12 percent to N55 billion.
08/21/2015
Access Bank Grows Profit by 44 %
Similarly, non-interest income rose 101 per cent to N69.4 billion in 2015 from N34.6 billion in 2014.
08/14/2015
Zimbabwe: MBCA Clients to Access Lending From Nedbank
It is news of direct access to relatively priced South African loans that may excite hundreds of MBCA Bank's struggling industrial customers currently enduring high interest rates in Zimbabwe of up to 30 percent.