Managers of Wealth Africa

AP — Bank merger deals reignite battle for control of trillions

NIC Bank and Commercial Bank of Africa want to make a statement through their merger deal and so is Co-operative Bank Group.

Union Bank’s profit rose by 33%

As a result of aggressive focus on recoveries, he said the bank’s non-performing loan ratio declined to 8.1 per cent in December 2018 from 20.8 per cent as at December 2017.

UBA partners Mastercard to rewards customers

The bank said a total of 12 UBA Platinum Mastercard holders from Nigeria and 11 other African countries

Moody's says Nigeria's Access Bank is strong enough to clear former Diamond Bank creditors

Access Bank to pay off $200 million bond issued by Diamond on maturity

Airtel Africa posts March Quarter profit of $83 million, ready for London IPO

In the East African region, where Airtel has operating units in Uganda, Rwanda, Kenya, Tanzania, Malawi and Zambia – there was an increase in the customer base, with the number rising to 42.8 million in the March 2019 quarter.

Stanbic Bank first quarter profit rises to Sh2.2 billion

Its stock of bad debts expanded 61 percent to Sh16.7 billion, raising loan loss provisions in its profit and loss account nearly 10 times to Sh631.5 million.

AfDB, Fidelity Bank to fund MSMEs with $50m

It also disclosed that at least 30 per cent of the fund must go into promoting businesses that were owned and ran by women entrepreneurs.

Union Bank posts N5.4bn quarterly profit

Operating expenses increased by four per cent to N18.5bn, compared to the N17.9bn reported in Q1 2018.

KCB Group looks to buy banks in Rwanda, DRC

KCB is also planning to open a representative office in China, to take advantage of growing trade links between East Africa and China, he said

Standard Chartered Cuts Zimbabwean Jobs as Services Move to Asia

The lender will aim to “redeploy impacted staff wherever possible,” she said, adding the company has 384 employees in Zimbabwe.

Ghana's First Atlantic Bank Is Said to Cut Jobs After Merger

Affected staff seek intervention of country’s labor commission

BRAC launches new bank in sub-Saharan Africa

BRAC International plans to use the proceeds from the sale to further expand its operations in other countries with low levels of access to finance.

Investment to Follow South African Vote, Standard Bank Says

Ramaphosa set to start orthodox macro, micro reform, he says

Ecobank announces Q1 2019 results

According to the results, profit attributable to shareholders of Ecobank and diluted earnings-per-share (EPS) declined 19 percent to $62 million and $0.0025, respectively.

gh-link cards: How different are they?

gh-Link cards are basically ATM Cards, issued by financial institutions to their customers.

Ghana leads in performance of Ecobank Group despite banking challenges in 2018

The Group's profit after tax of $322 million is expected to boost the bank's capital as well as improve the accounts for the other countries it operates in.

Now is the time to lend more – Fidelity Bank Board Chair

Management of the bank attributed this development to lower funding costs and improved interest margins.

Fidelity Bank CEO talks merger plan, weighs in on telecoms-led PSB threat

Mr Okonkwo’s statement comes at a time industry players, Access Bank Plc and the now defunct Diamond Bank Plc, just consolidated to form the largest financial institution in Nigeria and Africa by customers.

StanChart scales down in Zimbabwe

According to a memorandum to workers written by StanChart’s head of human resources Audrey Mlambo, which is in our possession, the bank will soon retrench another 20 workers.

African Development Bank introduces ‘Souk Al-Tanmia’ in Morocco

The programme seeks to help finance projects selected from dozens of candidates from throughout Morocco to help them achieve their entrepreneurship dream.

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