Managers of Wealth Africa

First Bank unveils new product for schools

With over N5bn loans already disbursed to schools this year alone, we are committed to supporting growth in this key sector of our economy.”

SBM Bank taps UnionPay to launch prepaid cards in Kenya

Addition of a Yuan and Dollar wallet is in the pipeline.

African financial experts meet in Uganda over protection of savings

He said with the deposit insurance system in place, depositors have assurance that their savings will be repaid up to a set limit in case their bank closes.

Equity, KCB buyouts: The making of $15b region’s banking giants

The transaction is expected to be completed in the next three months

Mobile money payments rise on digital banking

The change underlines the rising popularity of the mobile money in transactions where many banks, mobile lenders, savings and credit societies and merchants have also been linking up with the mobile banking services to improve their product offer.

How StanChart helped TransCentury post profit

The positive earnings were largely boosted by a Sh1.3 billion net gain resulting from the write-off of part of the StanChart loans.

Co-op Bank set to launch five new branches

In Nairobi, Co-op Bank will add two more branches — one along Kenyatta Avenue at Standard Building and another at the upcoming Parliament tower.

Zenith Bank Among Top 3 Most Credible In Ghana

The other banks are Societe Generale (6th), Stanbic Ghana (7th), Fidelity Ghana (8th), Access Ghana (9th) and GCB Bank (10th).

More (mostly rich) South Africans are now getting home loans – here’s why

Competition between mortgage lenders, and buyers less depressed about South Africa, helped push up the number of loans, though mostly at the higher-priced end of the market.

Equity tipped to spend Sh17bn in DRC bank deal

SIB senior associate research analyst Martin Kirimi said given that BCDC is much stronger than ProCredit was at the time of its acquisition, the least amount of money Equity will part with is likely to be twice the net assets of the lender.

UBA’s Resilience Boosts Profitability

I am pleased with the half year performance of the Group

KCB taps into Japan market to expand portfolio in deal with giant SMBC

KCB Bank works with several multinational companies in different industries such as motor vehicles, retail, household consumer products etc.

Exclusive Interview: Sola David-Borha speaks on technological innovation at Standard Bank

Standard Bank is bringing fintech innovation into its fold through a variety of cutting edge investments.

Access Bank Reaping Benefits of Merger, Says Afrinvest CEO

The bank’s recorded improved performance in the half year(H1) ended June 30, 2019, as its audited results showed gross earnings of N324.4 billion, indicating a growth of 28 per cent from N253.0 billion in the corresponding period of 2018.

Commercial Bank of Ethiopia Opens First Full-Fledged Interest Free Branch

It is to be recalled that CBE earned over $612.46 million in profits in 2018/19, and has a deposit of $18.5 billion.

Consolidated reveals Sh1 billion CBK debt

Between December 13, last year and January 10, 2019 the bank borrowed Sh560 million

Kenya’s corporate and individual philanthropy has come of age

Seeing the bright young pupils as their names are called out, with their expectant faces looking forward to an education in top-notch global universities, and a rewarding career afterwards when they graduate, is always a memorable sight to behold.

Access Bank partners Lagos to launch N10bn loan for women

Looking at the number of women present here today, I don’t think the initial N4billion we set aside to help women will be sufficient and based on that, the initiative fund will be increased to N10 billion.

Al Baraka Bank South Africa Net Income Increases by 64% during the first half of 2019

Total assets also increased by 6%, at the end of June 2019 compared to the end of 2018.

South African bank FirstRand's full-year profits rise 5%

But earnings at the bank’s consumer division rose more than 10%, outperforming those of key competitors.

Retail Banking