Managers of Wealth Africa

Seven Limpopo mayors fired for their roles in VBS Bank collapse

The long arm of the law has grabbed a whole host of VBS bank looters by the scruffs of their necks. The Limpopo PEC are giving the boot to seven local mayors.

Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger

The entity created as a result of the merger will have Sh444.3 billion in total assets, edging out Cooperative Bank of Kenya, which will be pushed to the fourth position.

8 banks pleads guilty over NYS 2 scandal

The Banks include Standard Chartered Bank, Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank.

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank.

Banque du Caire to open branches in Tanzania, Kenya, Russia, China

The bank mulls also opening offices in Russia and China to finance the trade and investment operations, he asserted, noting that it also finalized getting license to open another office in Dubai.

Commercial Bank Of Ethiopia Struggles To Make Profit In Djibouti

CBE Djibouti Branch has 17 staff and rented a house in a business district in Djibouti. Reports show that CBE, which used to own several buildings in Djibouti before it was closed eight years ago, was one of the profitable banks in Djibouti.

NIC Bank, Commercial Bank of Africa announce merger talks

Commercial Bank of Africa (CBA) is majority-owned by the Kenyatta family while the Nairobi Securities Exchange- listed NIC Group is partly owned by the billionaire businessman James Ndegwa’s family.

Bank Windhoek becomes first commercial lender in southern Africa to issue green bond

Bank Windhoek is a unit of the Capricorn Group, an investment holding company with interests in banking, insurance and asset management in Namibia, Botswana and Zambia.

Bidvest Bank launches new account in retail banking push

Bidvest Bank has offered transactional services before, but has mainly been a banking platform for businesses.

Absa Africa Financial Markets Index: Ghana makes significant in-roads in deepening financial markets

Overall, Ghana ranked 7th among 20 African countries.

Bank of Ghana needs our support

She added that the financial markets, especially for emerging economies like Ghana’s, provided important platforms for matching the supply and demand of funds.

Consolidated Bank creates shares for Sh3.5bn investor

The board has been given up to five years to exercise this right or lose it, unless prolonged by shareholders.

Africa banking group buys mobile money provider

Following the acquisition, BCP is said to be looking to expand mobile banking services to other member states in the West African Economic and Monetary Union, which include Benin, Guinea-Bissau and Niger.

Fidelity Bank restates commitment to strategic plan

The bank’s Managing Director/Chief Executive Officer, Nnamdi Okonkwo spoke in Lagos on Saturday during its annual Fidelity Year End Party appropriately themed “Doing Good”, held at Eko Hotel & Suites, Lagos.

GTBank wins ‘Bank of the Year Award’

The Banker, a publication of the Financial Times, is the world’s leading monthly journal of records for the banking Industry, with over 90 years expertise in publishing developments in the banking industry in Africa and on the global scale.

Bank Zero, Tyme and Discovery have SA banking execs stressed: report

This number is closer to 60% for the current ‘big five’.

Standard Chartered named Best Consumer Digital Bank 2018

The Bank continues to open ultra-modern smart branches that are a combination of both traditional and digital banking services, offering a full suite of banking products including wealth, investment management and insurance solutions.

Ecobank Nigeria boss challenges Africa to harness digitisation

The conference which kicked off the Africa Fintech Festival series, is a week-long festival with two days of main conference and various other engaging side attraction running throughout the week.

Dismal: Newbie lenders struggle as loss streak continues

The sharia-compliant bank owned by the United Arab Emirates is barely two years old in the local market and has found it difficult to make its mark.

Fidelity Bank meets GHC400m stated capital

To meet the new capital requirement, Fidelity Bank moved GH¢70million from its retained earnings and raised GH¢70million in fresh capital to augment its existing GH¢260million of stated capital.

Retail Banking