Managers of Wealth Africa

Kenya: CBA’s shareholders approve merger project with NIC Bank

NIC Bank and Commercial Bank of Africa announced the merger project in a joint release published on December 6, 2018.

African Development Bank: Professor Anthony Nyong, Director for Climate Change and Green Growth, named among world’s “100 Most Influential People in Climate Policy”

The list was compiled from hundreds of nominations from governments, international organisations and academia, including the UNDP, Harvard, Oxford, Bloomberg, the Climate Action Network.

DTB credits innovation as profit rises to Sh7bn

“This performance is anchored on the Group’s strong market positioning and long history in the East African region serving these customers.

KCB eyes Somalia, DRC presence in expansion

Ethiopian laws bar licensing of foreign banks to operate fully-fledged services, but rapid reforms being laid out by the country’s PM have raised hopes that lenders will be allowed to set up branches there.

Standard Bank warns of new ‘fraud department’ scam

Standard Bank said that customers should never share their OTPs with anyone.

Commercial banks in Kenya at crossroads

A lower rate would force banks to take a big hit on their bottom line.

UBA earnings hit N494bn, records significant asset growth

We are also pleased with the market acceptance of our new operation in Mali,” Uzoka added.

Nigerian Banks seem to have gotten Ghana right

This article looks at four of the country’s largest banks

FNB lashes home loan racism claims

"FNB categorically refutes the baseless and false allegations of racial discrimination on the Saambou matter," said FNB Home Finance chief executive Lee Mhlongo in the statement.

Access Bank records N95bn annual profit

Access Bank proposed a final dividend of 25 Kobo per share, bringing the total dividend for the year to 50 Kobo per share.

Here’s what you can expect from your bank this year as new digital banks enter the market

This uncertainty was amplified as a result of significant strategic, operational and financial pressures within some SOEs, which weighed on wholesale credit appetite in key sectors.

Changing geopolitical environment offers growth opportunities for businesses — Standard Bank

African businesses and governments would do well to begin positioning themselves to leverage these opportunities.”

UBA’s earnings, profits grow in 2018

These results, according to financial analysts largely demonstrates the benefits of the group’s Pan-African footprints with continued growth in market share in key countries of operation across Africa.

Access Bank declares final dividend of N0.25

The Nigerian tier-1 bank recorded a laudable financial result for the 2018 financial year

Banks continue quietly cutting staff

Structural change from digitisation and branch cuts driving the reductions …

Four Nigerian banks are among this year’s most valuable financial institutions in the world

In Africa, South Africa’s First National Bank is the continent’s most valuable and strong banking brand.

Capitec extends ACI Worldwide’s contract to enhance payment business

We anticipate significant growth in transaction volume over the next ten years

FirstRand ‘not fazed’ by newcomers entering the banking market

The banking sector has seen a number of new entrants, including Discovery Bank, TymeBank and Bank Zero.

S.Africa’s FirstRand CEO says likely to shrink branches over sluggish economic growth

Its branch network would likely need to be at least 30 percent smaller in square metres, Pullinger said, with a focus on reducing floor space rather than closing branches.

Azeri AccessBank completes capitalisation, sees profit in 2020 - CEO

Another 22 million manats will be recognised as Tier II capital component by mid-March, and 22 million manats will be reserved as contingent capital for the next two years, he added.

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