Managers of Wealth Africa

UBA Grows First Quarter Profit after Tax by 21% to N29 Billion

Profit before tax was N30.157 billion in 2019, as against N26.555 billion in 2018.

Egypt’s CIB looks to east Africa for growth

Commercial International Bank has opened a representative office in Ethiopia, implementing its programme of expansion into east Africa.

Nigeria: President Buhari commends African Development Bank’s transformative role

At the end of March 2019, the Bank’s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion

NIC invests $3.5m more in Tanzania banking subsidiary

Besides the Tanzanian subsidiary, NIC also invested Ksh100 million ($1m) in its motor vehicle leasing arm NIC Leasing, bringing its total capital expenditure last year to Ksh450 million ($4.5m).

CBK recommends commercial banks to match customer needs

The report that was commissioned by the CBK shows that the country has made significant milestones

Ethiopia’s giant bank posts record high deposit of $14.5bln

The giant commercial bank was also able to obtain a total of $4.8 billion from remittance, export and others during the past nine months, the president said.

Credit Cards in South Africa: Slow Down, You Move Too Fast

Barclays was a dominant player with their Absa Bank but shrunk its ownership to just 16% after tangling with the Central Bank of South Africa.

KCB announces intention to acquire troubled NBK

Last year, KCB—the region’s largest lender by assets —posted a 22 per cent growth in net profit to Ksh24 billion

Egypt's PM Urges Opening Banque misr Branch in Somalia

Madbouli also expressed readiness to meet the needs of the Somali government regarding technical support, training and scholarships, in order to help Somali cadres who are capable of building their state to graduate.

40% of African bank customers prefer digital channels transactions — Report

It said banks can adopt one of four distinct digital strategies: The first is to digitally transform their existing operations, to increase their share of digital sales and transactions to beyond 60 to 70 percent on each measure, as Kenya-based Equity Ban

Banks’ Assets Rise to N39.0651tn

This amount is expected to rise further as recently released first quarter of Access Bank Plc, Zenith Bank and GTBank showed higher figures.

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

The Central Africa Regional Integration Strategy Paper for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives

Namibia’s central bank slashes economic growth forecast

The southern African economy’s GDP has contracted over the past two years, at –0.1% in 2018 and –0.9% in 2017.

Ethiopia’s largest commercial bank opens historic all-female branch

“Empowering women to take part in all economic sectors is essential to achieve development objectives,” he added.

Access Bank grows profit by 66% to N45.1b in Q1

Profit before tax jumped by 66 per cent from N27.44 billion to N45.10 billion.

Standard Bank to teach SA on how to be more WalletWise

The chosen hosts have dedicated themselves to sharing their knowledge with viewers from all walks of life to empower them on their financial journey.

Absa migrates banking system from UK to SA after Barclays separation

The bank said normal operations resumed on Monday with all branches open and all digital channels and ATM services fully restored.

How South Africans rate the ‘big five’ banks

Loyalty points, customer rewards will take on a fresh approach.

African Bank President calls for the US to up its investments in Africa

Akinwumi Adesina told his audience that Africa should no longer be seen as a museum of poverty – rather a continent that will be driving global growth going forward.

African Development Bank organizes roadshow to whet investor interest ahead of Africa Investment Forum 2019

The Bank’s maiden investment forum held in November 2018 saw an unprecedented gathering of world-class investors,

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