Managers of Wealth Africa

African Bank adds 12,000 retail banking accounts on launch

The group added that it is taking a stricter approach to credit underwriting, targeting lower risk customers.

Ghana Commercial Bank is planning to expand its operations into the West African countries

The Bank is also exploring with a foreign partner to form a joint venture to provide insurance products.

Stanbic Bank gets higher Moody’s rating

According to Moody’s, the resilience in Stanbic Uganda's profitability reflects South Africa’s Standard Bank Group Ltd’s strong banking of the franchise in Uganda

CBK needs to get better ways of unlocking MSME lending

The loans will be accessible through a mobile phone application with limits ranging from Sh30,000 to Sh250,000

Standard Bank initiative connects African businesses to China

He said through the Bank’s expertise with regulations within the various African growth sectors

Banking crisis: 50 directors, shareholders of collapsed banks to face court

The central bank noted that affected banks operated with severe capital constraints as it revoked their licences.

Co-op Bank first quarter profit rises to Sh3.6bn

The lender's improved performance was also supported by a 19.1 percent increase in non-interest income, which rose to Sh4.2 billion.

Equity, Family Bank & KCB among nominees in the African Banker Awards 2019

The award ceremony will be held on 11th June 2019 in Malabo, Equatorial Guinea.

African Bank’s MyWORLD to give SA banks a run for their money

MyWORLD offers people the unique ability to bank together through shared banking.

No Plan to Remove Paul Usoro from Board—Access Bank

Mr Usoro is a member of the board of Access Bank Plc and when his issues with the EFCC was ranging

Chad: AfDB President pledges deeper cooperation for energy sector

The Bank will provide budgetary support to Chad in 2020 and 2021

Latest low-fee, digital accounts shake up South African banking

Both African Bank, a small lender which was rescued from collapse just five years ago, and Standard Bank said customers could open the new accounts without going into a branch.

Absa migrates digital channels from UK to South Africa

We are proud to have executed them successfully, as part of our broader separation programme which will be completed in the next year.

Five banks launch Sh30,000 SME loans

“Small and mid-size enterprises are the lifeblood of any economy, but many have struggled to secure the necessary financing to continue operations in the current economic climate,” said CBK governor Patrick Njoroge during the launch of the pro

Equity, KCB fight for continental honours

“The banking industry is itself being disrupted by technology and has embraced this technology to develop solutions that truly benefit the real economy.

HF Group borrows Sh1.9 billion at 18pc

HF also holds a short term loan facility of Sh516.3 million from fellow listed lender NIC Bank , for which it is paying interest at 14 percent per annum.

Ecobank records sterling performance but defers dividends payment

The bank's financial statements for the 2018 financial year shows sterling performances against the backdrop of a turbulent banking environment last year.

Kenya's KCB Group sees acquisition of NBK sealed by October

The combined entity could attain a return on equity of 26.9% in 2023 said KCB, which had a return on equity of 23% last year.

Banks must leverage technology to remain competitive – Access bank CEO

He noted that banks in Nigeria have done well so far but the future holds a lot more than what has been experienced.

Impact of financial sector reforms will be felt long-term — BoG

The vulnerabilities in the banking sector have been addressed through a recapitalization process and regulatory reforms geared towards introducing efficiency in the way business is conducted.

Retail Banking