Managers of Wealth Africa

Family Bank posts profit in nine months ending Sep 30

The management says the profit was driven by digital banking that has seen growth in credit uptake through the revamped PesaPap.

African Bank’s new ‘shared banking’ account will launch in 2019

Over the past four years, the group has reworked its strategy, and displayed consistent improvement in its financial results, which group CEO Basani Maluleke said: “reflects the sustained progress we have made in transforming the Bank, since emergin

Diamond Bank launches XclusivePlus

She said the new product is well positioned to further enhance customers’ lifestyles and provide them with the most satisfying rewards.

South Africa’s FNB turns to township trade

First National Bank (FNB) has teamed with fintech start-up Selpal to target the large number of traders in townships across South Africa.

Best Banks Awards: Standard Bank

Standard Bank has been voted the winner of the Best Bank for South African Rand and Best Bank for African Currencies excluding ZAR at the 2018 FX Week Best Banks Awards

African Development Bank boosts business opportunities

The fields were diverse and included: energy, transport, infrastructure, ICT, agriculture, water, health, financial products, and heavy industry.

Bank Of Uganda cautions commercial banks on lending rates

A rise in NPLs in 2015/2016 from four percent in accumulated loans to eight percent made the country to experience a tough year.

FBNQuest Recognized for Outstanding Performance

The firm was recognised for its strong mutual funds’ performance over the last 12 month

Airtel Africa appoints JP Morgan, Citigroup, Absa, Barclays, 4 other global banks to work on IPO

The global banks are JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.

TymeBank quickly gains traction

We want to deliver digital banking services to South Africans

IFC backs Co-op Bank's digitisation with Sh244m

Expansion of digital banking services has allowed banks to close some of their brick-and-mortar branches and lay off staff

Rand Merchant Bank Nigeria wins Merchant Bank of the Year Award

RMB have over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, mergers and acquisitions to the funding of various transactions across multiple sectors.

StanChart nine month net profit rises to Sh6.3bn

Interest expenses rose marginally by two per cent to Sh5.76 billion, while operating expenses fell by 6.7 per cent to Sh12.4 billion largely due to lower provisions for bad loans.

Capitec targets business banking as Mercantile Bank acquisition approved

While the sale agreement remains to be signed by all parties involved and is subject to approval by the relevant South African regulatory bodies, Kumbier says the bank is looking forward to the next phase of its growth journey.

Absa's Retail Strategy Takes Shape to Knock Threat of New Banks

Lender mulls new tactics to retain clients and boost revenue

Barclays third quarter profit up 1.9pc to Sh5.4bn

The bank’s operating expenses increased by 8.3 per cent to Sh16.13 billion, offsetting a 5.5 per cent growth in operating income to Sh23.85 billion.

Fidelity Bank honoured with 3 awards

This endorses the hard work and success story of the Bank over the past 12 years as it supports its customers and most importantly helps Ghana build a resilient economy.”

Lower impairment loss provisions boost banks’ earnings

The lenders’ performance was clearly boosted by the lower impairment loss provisions that they made on their financial assets

FirstBank marks second anniversary for FirstGem

The bank has also supported over 8,000 women with finance to grow their businesses.

Fortunes of Nigeria’s banks tied to the oil price

About a third of all domestic commercial bank credit is extended to the oil and gas industry.

Retail Banking