Managers of Wealth Africa

Liberty First-Half Profit Rises 6.7% on Investment Income

The insurer increased the interim dividend 9 percent to 2.54 rand per share.

Old Mutual profit rises on U.K., S. Africa boost

Net profit for the six months ended June 30 rose to 260 million pounds ($405.5 million) from GBP213 million the previous year, funds under management climbed 7% to GBP335.7 billion and the interim dividend rose 8% to 2.65 pence.

Old Mutual's first-half profit boosted by African, funds units

Across the group it's been a very good first half

Equity Bank on a roll

Equity Bank’s earnings fell short of rivals Kenya Commercial Bank Group that last week reported a 13 per cent pre-tax profit to Sh13.2 billion.

Nedbank Profit Rises 16% as Earnings From Africa Increase

Earnings per share excluding one-time items rose 14 percent to 11.01 rand, beating the 10.97 rand median estimate of four analysts surveyed by Bloomberg.

FCMB Group Plc Posts Profit before Tax

The diversification of FCMB across commercial banking, investment banking and wealth management, provided some cushion as earnings from non-banking activities proved more resilient.

KQ flies into turbulence, posts biggest loss by a local firm listed in the stock market

The management of national airline Kenya Airways was yesterday at pains to assure investors of a turnaround in the carrier’s fortunes after announcing the biggest loss by a local firm listed in the stock market.

Nigeria's Skye Bank H1 pretax profit up 47.4 pct

Skye Bank's first-half pretax profit rose 47.4 percent to 10.71 billion naira, the Nigerian mid-tier lender said on Thursday.

Kenya Commercial Bank Group H1 2015 pretax profit up 13 pct

The bank reported pretax profit of 11.67 billion shillings in the first half last year.

Union Bank profit drops as CBN stringent rules bite

Analysts attribute the decline in profit to the stringent cash reserve requirements imposed by the Abuja based Central Bank.

KCB Group records H1 2015 pre-tax profit to KES 13.2 billion

KCB Group’s profit before tax grew 13 per cent in the first half ending June 2015

Barclays Africa winning back customers

The group’s local bank, Absa, has been bleeding customers over the past three to five years, losing in the region of a million clients annually.

Ecobank Profit Advances as African Lender Continues Cost Cutting

Ecobank Transnational Inc.’s first-half profit climbed 26 percent as Africa’s most geographically diverse lender maintained its efforts to curb expenses.

First National Bank sees 26 percent jump in second-quarter income

At the end of 2013, the bank announced it would expand a branch and relocate another in the Lynchburg area

Diamond Bank Half year profit falls on increased operating expenses

Diamond Bank’s couldn’t tame growth in operating expenses as cost to income ratio increased to 78.30 percent in 2015 from 75.05 percent the previous year.

Fitch: SA’s big banks face headwinds

Fitch also warned that the close correlation of financial institutions posed the risk of a domino effect should the sovereign rating be downgraded by one notch.

Banks Increase Provisioning for Bad Loans in First Half Results

Commenting on the development, an economist and financial analyst, Dr. Abiodun Adedipe told THISDAY that the provisioning is in line with state of the Nigerian economy.

Diamond Banks grows revenue to N103BN in six months

This is as reported in the bank’s unaudited half year results released to the Nigerian Stock Exchange in Lagos.

Bank M Tanzania report profit before tax

Bank M Tanzania has registered an increase of more than 25 per cent in profit before tax in the first half of the current year compared to the similar period last year.

Nigeria: Stanbic IBTC Records N68 Billion Half-Year Revenue

The Group maintained adequate capital to support its business in the first half of 2015

ESG