Managers of Wealth Africa

Nedbank Zim posts $14m profit

Nedbank Zimbabwe Limited posted a profit after tax of $14,3 million for the six months to June 30, 2019 amid economic difficulties being experienced in the country.

Expansion drive eats into Mayfair Bank half year earnings

The sector’s youngest bank which completed its second full year of operations this month

KCB makes 5pc net profit in first six months

KCB increased loans and advances to 478.7 billion shillings as at end of June this year up from 421.5 billion shillings a year earlier, which the lender attributed to strong lending to retail and corporate customers.

Barclays Bank Uganda starts rebranding to Absa

The bank will still be known as Barclays until the entire process is officially concluded with legal and regulatory milestones to achieve before a final announcement, he said.

Banking sector results: big banks play catch-up

Standard and Nedbank have been saved by growth in Africa, but moribund SA makes them vulnerable to new players

KCB half year profit up 5pc to $122 million

This is something we are looking at keenly to deliver a robust second half performance,” Group Chief Finance Officer Lawrence Kimathi commented Thursday during the release of results in Nairobi.

Kenyan bank eyes representative office in China

The proposed Beijing office will not undertake any banking activities but will seek to provide a platform for Chinese investors who want to establish presence in Kenya, he said.

Victoria Bank gets Sh1bn funding

Through its four branches in Nairobi, Victoria Commercial, which commenced its operations in 1987, targets small and medium-sized enterprises, reached more than 800 borrowers and around 2,300 depositors in 2018.

KCB Group First-Half Profit Jumps 5% on Higher Interest Income

That matched estimates by African Alliance Securities Kenya.

African Bank’s MyWorld account offers shared banking to South Africans

MyWorld meets family and community banking needs

Old Mutual partners TNM Mpamba on premium payment

Mphatso said the new service represents an extension of the partnership between TNM Mpamba and Old Mutual dating back to 2016

Absa's push to regain its former market reaps rewards

The group reported that its largest division, Retail and Business Banking South Africa (RBB SA) was showing faster than average market growth in key product areas

Absa’s Renewed Retail-Banking Push Pays Off as Profit Rises 5.4%

The improvement at its retail and business banking unit and its operations in 12 other African nations helped offset a drop in profit at its domestic corporate and investment bank.

Absa’s renewed retail-banking push pays off as profit rises 5.4%

Absa’s retail banking operations account for more than 60% of its earnings.

Absa denies donating money to CR17 campaign for ANC presidency

Today we contacted Mzilikazi wa Afrika, one of the authors of the article, who confirmed to us that 'Absa Nation Building' was a transaction reference by third parties, not an entity.

Standard Bank posts 6% increase in earnings

High growth from initiatives in the rest of Africa brings joy, and hope for even more

New TymeBank chief wants a share of SA’s lending market

New TymeBank CEO Tauriq Keraan wants the new digital bank to diversify into personal and business lending, a market dominated by Capitec and the other big three banks. It’s a step away from TymeBank’s core transactional banking business.

Standard Bank Group's expansion across Africa pays off well

African-focused strategy has delivered continued headline earnings growth

Kenyan bank stepping up investment in South Sudan

To this end KCB has started reopening 12 of its 23 branches that were closed during the civil war as well as opening a new branch this year.

New bank offering digital financial tools opens in Seychelles

SBM offers retail, personal and corporate banking and anyone who wants to transact with the bank can do so right away after opening an account.

Retail Banking