Managers of Wealth Africa

Dangote Becomes a Shareholder in Afreximbank

Afreximbank is a prominent pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade.

Union Bank pledges to grow deposit base, transaction income

Today, we are a stronger Bank, better able to serve our customers with innovative products and professional services.

Tanzania’s Bank M set to launch in Kenya

The bank plans to raise $49.5 million in the next nine months in two private placements through an initial public offering of its shares and a debt issue.

BK voted best bank in Rwanda at 2016 Banker Africa Awards

Bank of Kigali, a multiple winner in the awards since their inauguration, emerged victorious after garnering majority of the 23,500 votes

Nigeria’s Skye Bank sacks 175 workers amid economic crunch

According to the statement, Skye Bank is adjudged by the Central Bank of Nigeria as one of the systemically important banks with over N1.3tn balance sheet, and has over 400 branches.

Ecobank fires 1000 workers

Top officials of the pan-African lender confirmed to our correspondents that the initial list of those to be sacked had over 1,400, workers

Nedbank crowned the best retail bank in Africa

Thomas attributes the win to the bank’s “greater focus on client-centricity” and bigger investments in technological advancements and staff development.

Ecobank Nigeria Explains Sack of 1,040 Staff Amidst N40bn Loss

Ecobank Nigeria which is a member of the Ecobank Group posted over N40bn decline in its profit for the 2015 financial year

Diamond Bank fires 200 workers

Confirming the development in a statement on Tuesday, the lender said the sacking of the 200 workers was in line with its strategic plan to drive shareholders’ value.

StanChart launches mobile banking push in Africa as rivals retreat

The bank's strategy stands in contrast to European rivals who have beat a rapid retreat from Africa in recent years, stung by plunging commodities prices and weaknesses in African currencies.

Barclays get attractive bids for its African unit sale

“Barclays Plc got over 100 bids for the 12.2 per cent shareholding that was sold to the South African pension fund.

KCB to decide on buying Chase Bank by end of June

Oigara said that the due diligence will be done by an independent expert who will look at the legal, financial and credit assessment of the business.

FBNBank Ghana Launches Corporate Campaign

The launch is in demonstration of FBNBank Ghana’s commitment to become the Bank of choice for Ghanaians across the nation.

Diamond Bank sacks over 400 staff

The source said, “The first sign that made us notice something was going on was that many people could not log into their systems.

KCB and CBA take first steps to enter Somalia

Only six banks currently operate in Somalia,whose security situation has improved in recent years according to Ali.

Guaranty Trust Bank Kenya adds fingerprint authentication to mobile banking app

“Security in the era of mobile and digital banking is absolutely critical.

Union Bank’s transaction process times down 20%

We are also attracting new customers to the bank and growing our overall customer base which boosted our deposit book by 12 per cent in 2015.

I&M Wins Governance Award As Q1 Pre-Tax Profit Up By 13.26 Percent

The annual Banker Africa Awards are continent-wide programmes open to all banks and financial institutions in Africa.

Barclays Africa Group may change name after Barclays PLC exit

Barclays PLC plans to reduce its interest in Barclays Africa Group to a non-controlling stake in the next two to three years.

Segun Agbaje named African Banker of the Year

The prestigious accolade for Banker of the Year went to GTBank’s Managing Director/CEO

Retail Banking