Managers of Wealth Africa

Standard Bank to look at West Africa expansion

Pivoting back towards its home continent has proven lucrative for Standard Bank, and helped counter a deteriorating economy in its core market - South Africa.

Standard Bank Group to sell Argentinian investment

As part of the agreement, Standard Bank was given the option to sell its remaining stake to ICBC if it gave notice by November 30 2019.

Standard Chartered private equity spin-off plans Middle East investment

Singapore-based Affirma Capital is targeting deals between $25 million and $100 million in the Middle East

Investors await interim dividends of major banks

Stanbic IBTC Holdings had also declared interim dividend in recent period.

Fidelity Bank set to unveil two new products for SMEs

The second one is the Fidelity Trader support facility.

Sick economy slows Nedbank in first half

It did everything right, but customers are too scared to sign for loans for a new car, house or farm.

WorldRemit: Enabling quick money transfers

The rise in remittances last year can be attributed to an active growing diaspora community.

KCB increases interest on mobile loans

Under the current terms, the borrower will pay back Sh40,000 with Sh3,001.60 as interest.

$2.3bn worth of Afreximbank investments in Egypt, says official

The Egyptian banks then pump the money into different projects, particularly in the field of energy, Sagna noted.

SA banks facing biggest strike since 1920

The South African Society of Bank Officials is planning to down tools over planned mass retrenchments.

Nedbank demands action on ecomomy as South African profit stagnates

Nedbank cuts 2019 growth forecast in half

Reserve Bank confirms buyer eyeing VBS Mutual Bank

The looting left resulted in some municipalities, which had deposited their funds with VBS, out of pocket and struggling to pay workers salaries.

Development Bank is broke, says Ouko

Report also revealed that the Central Bank has advanced the lender Sh4.4 billion to meet its obligations

Nedbank in Talks Over Changes to 1,500 Jobs at Its Retail Unit

Lender says no more than 100 people at risk of losing jobs

Access Bank’s MSME lending rises by 68% to N37bn

In 2018 alone we granted up to N37 billion in new loans to our 11,000 SME customers, up from N22 billion granted to 7,000 SME customers in 2017.

Zenith Bank introduces save4me - A high interest target savings account

Foremost Nigerian Financial Institution, Zenith Bank Plc, has introduced a new product called SAVE4ME target savings account, to enable its customers plan and save towards their aspirations and needs conveniently.

Access Bank emerges winner for the 4th time at NHEA

Therefore, as a Bank, we have studied the health sector and identified inadequate financing as a causal factor for the poor healthcare system in Nigeria.”

Ivory Coast Honors CEO of Attijariwafa Bank With National Order Medal

Attijariwafa Bank group, which currently operates in 25 countries, including 14 in Africa, has injected nearly €3.05 billion into the economy of Ivory Coast since 2009.

After its acquisition, Attijariwafa Bank is struggling in Egypt

These decisions reflect a clear ambition. Attijari, whose net banking income reached Dh22.4bn ($2.3bn) in 2018 (+3.4%), wants to prevent its largest acquisition from turning into a disappointment.

Co-operative Bank of Kenya comes to the rescue of a credit union

The bank says it is intervening due to its commitment to the co-operative movement

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