Managers of Wealth Africa

JAIZ Bank Committs To Financial Inclusion, Says MD

What we are trying to do at this stage is to empower these women groups both in the villages

Zenith Bank Board Approves 2018 Audited Accounts

THIS DAY had reported that the board of the bank would meet to approve the results and final dividend for the year.

Absa and Société Générale Announce African Alliance

The French bank and Absa combined will span 27 countries in Africa

Equity, StanChart ranked best in customer service

The top three rated tier I banks were Equity, followed by Diamond Trust Bank and Standard Chartered.

Microsoft 4Afrika Partners FirstBank to Boost SMEs

Participants would be exposed to skills development resources, access to business networks and an educational platform.

RMB Forecasts Sluggish Loan Growth

The aggregate loan book of Nigeria’s banking system is concentrated in two key sectors – services (37%) and oil and gas (23%), together accounting for 60 per cent of the sector’s loan book, though varying across banks, the report stated.

Access Bank Is Said to Plan Nigeria's First Corporate Green Bond

Access Bank spokesman Amaechi Okobi said he couldn’t immediately comment when contacted by phone.

“The Reserve Bank will remain independent” – says Ramaphosa ahead of repo rate announcement

"Hands off the Reserve Bank" - says Ramaphosa ahead of the repo rate announcement.

SA central bank expected to keep rates steady after November hike

Kganyago said it was necessary to act then, as delaying the adjustment in interest rates could cause inflation expectations to become entrenched at higher levels.

The African Development Bank to Unveil 2019 African Economic Outlook

It offers short- and medium-term forecasts on the main socio-economic factors such as jobs, while at the same time examining the challenges and progress.

Bank M assets, liabilities transferred to Azania Bank

Tanzania’s financial services sector is dominated by lenders such as CRDB Bank and NMB Bank.

Rising outflows on the services account

The driver was a 70.5% q/q surge in merchandise imports, which was explained by the National Bureau of Statistics

Kenya banks could be headed for zero growth this year

The lenders are of most importance during economic downturns, given that the core of banking is risk management.

Cameroonian government boosts struggling BC-PME’s capital to XAF20bln from XAF10bln

This bank was near bankruptcy after just four years of operation when the government decision came out

Access Bank Mulls New Corporate Identity

Late last year, Diamond Bank, a tier-1 one lender and Access Bank, a tier-2 financial institution, confirmed that they were coming together to become one.

Promoting seamless banking

The bank has remained strong, maintaing a healthy capital base and cofidence of its customers.

BoG should have been more strategic in banking sector clean-up - Lecturer

The regulators created Consolidated Bank Ghana (CBG) to take over their assets

First Bank Recapitalises Subsidiary in Ghana With Fresh $72.5m

This required the banks to seek for funds or merge together to meet the new capital base before the December 31, 2018 deadline and First Bank Ghana Limited, a member of the FBN Holdings Plc, met the deadline in order to continue to operate in Ghana.

Consolidated adds bancassurance to improve earnings

Insurance penetration in Kenya remains low but Mr Kiyai reckons that with some loan products requiring insurance of the collateral, banks are poised to win clients.

Private equity firms AfricInvest, Catalyst invest in Kenya's Prime Bank

Prime Bank, which was founded in 1992 by local investors, controls just under 2 percent of the total banking assets in the sector.

Retail Banking