Managers of Wealth Africa

Equity Named African SME Bank of the Year 2018

The SME Bank of the Year – Africa award validates Equity Bank’s commitment to be the champion of MSME banking through provision of flexible and integrated banking services to MSMEs.

Mergers, acquisitions’ rumours stoke Tier 2 banks concerns

Specifically, with most lenders grappling with weaker Capital Adequacy Ratios (CARs) and rising Non-Performing Loans (NPLs), the view among analysts during that period was that any M&A that happened then was likely to be market-driven especially given

Stanbic IBTC inaugurates Africa-China Banking centre

The opening of the centre was another significant step towards improving ease of doing business between Nigeria and China, coming after the signing of the bilateral currency swap agreement between the two countries earlier in the year.

Cost cutting lifts KCB third quarter profit to Sh18bn

KCB slashed its operating expenses by Sh2.1 billion to Sh28.6 billion even as its provision for bad debt fell 42.6 percent to Sh1.7 billion.

Coop Bank Q3 net profit rises 8pc to Sh10.3bn

Co-operative Bank of South Sudan made a profit before tax of Sh235.12 million in the third quarter of 2018 compared with a profit of Sh39.15 million in the corresponding period in 2017.

FNB and Absa to roll out more Smart ID branches

The department has since revealed that, to date, the participating banks have processed in excess of 168,000 Smart IDs and over 152,000 passports.

Exim Bank Launches 3year Strategic Plan for 100,000 Jobs

The Bank’s strategy is aligned to the government’s 10 point Agenda for Industrial Transformation

Tier 1 banks’ deposits hit N14.55trn in 9 months

It is followed by Zenith Bank, which reported customers’ deposits of N3.28 trillion in the review period as against N3.44 trillion that the lender raked in for the same period in 2017.

Stanchart tops Most Credible Bank ranking in Ghana

The Konfidants team was of the view that in the wake of recent developments in the banking sector, corporate governance and management competence have emerged as, by far, the most critical factors in determining bank performance and success.

BoG must move quickly to deal with non-bank sector – Ken Thompson

The institutions that lend to this informal sector are the non-banks,” Mr Thompson said.

No plans to buy Diamond Bank – Access Bank

Access Bank has moved to deny media reports that it is holding takeover talks with Diamond Bank, saying there is no agreement to take over assets of the latter.

Afram Community Bank exceeds BOG's minimum capital requirement

He urged the directors of the bank to abide by the Bank of Ghana directives in granting loans to serving directors.

Arab development bank acquires stake in African multilateral lender

BADEA, which is owned by 18 of the Arab League’s 22 member nations and is headquartered in Khartoum, Sudan, has the mission of bringing more Arab capital into African economies.

Former Co-op Bank MD Mureithi loses more property to auctioneers

The sale is due to failure to service a Sh1.6 billion loan that Mr Mureithi borrowed from a Nairobi bourse listed lender.

Access Bank set to acquire Diamond Bank

It was learnt that the development leading to the impending acquisition was triggered by Diamond Bank directors who approached Access Bank

Morocco’s BMCE Bank Wins ‘Best Bank for Africa’ Award in Paris

Morocco’s BMCE Bank of Africa Group has won the 2018 Best Bank for Africa award in a forum in Paris on Thursday.

BADEA acquires stake in TDB

This is a historic milestone that takes us to a higher level of strategic partnership," the TDB president said

Morocco's Attijariwafa bank to eye new Africa acquisitions from late 2019

The idea is to acquire banks that are ranked among the first five banks in every market

20% of banks in Ghana control over 80% of loans – Alhassan Andani

He made these remarks at the JoyBusiness Financial Services Forum in Accra.

Ecobank Academy works to enhance Africa’s health systems through financial and leadership trainings

The Honorable Minister of Health of Togo, Moustafa Mijiyawa; Head of Grant Management Division, Mark Eddinton for The Global Fund; and Amin Manekia, Ecobank’s Group Executive for Corporate & Investment Banking, inaugurated the programme.

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