Managers of Wealth Africa

Equity Bank shuts down seven branches in South Sudan

Equity follows another Kenyan bank, KCB Group, which earlier this month said it was temporarily closing some branches because of the tough operating environment and economic conditions.

GTB, EcoBank, Others Bag African Awards

The awards was introduced to recognise reforms, rapid modernisation and expansion of banking and finance in Africa.

Five tech start-ups on Ecobank award list

The awards ceremony will also mark the official induction of all 20 start-ups into the Ecobank Fintech Fellowship.

Standard Chartered Bank profit falls by 18.7pc

Financial statements for Standard Chartered Bank for the quarter up to March 30, 2017 show that interest income reduced by Sh68.9 million, while interest expenses went up by Sh180 million.

African Bank returns to profit

The remaining 25 percent is owned by a consortium of six banks including FirstRand.

Morocco opens first Islamic bank branch months after approval

The North African country long rejected Islamic banking because of concern about Islamist movements, but its financial markets lack liquidity and foreign investors, and Islamic finance could attract both of those.

Old Mutual: No rate cut on the cards just yet

The bond market isn’t expecting a rate cut to come from this meeting, but rather appears to be pricing in marginal cuts for next year.

African Development Bank Calls For Investment In Africa’s Future

In his view partnering to develop Africa today is like building the future market of the continent, such as benefiting from its peoples’ consumer spending that is estimated to reach $1.4 trillion in the coming three years.

African Bank returns to profit

Earnings from insurance operations were R280m from R33m in 2016.

NBK banks on diversifi cation to grow revenue amid interest cap

The cash call was approved at an AGM in June 2013, but has stalled due to the impasse.

Nedbank suffering in weaker South African economy, says Old Mutual

The lower CLR was supported by a decrease in impairments in CIB and client collections in RBB remained effective.

Digital Banking encourages lender to leave the Nairobi CBD

Ecobank relocated from Muindi Mbingu to Westlands putting the city building under hammer.

Nedbank says revenue slows as downgrade weighs

Bank says it will now be more challenging to achieve 2017 full-year guidance.

Ecobank signs agreement with OiLibya for distribution of financial services

Ecobank Group CEO Ade Ayeyemi said: “This partnership with OiLibya demonstrates our commitment to bring affordable banking to the doorstep of every African, as we seek to serve 100 million customers by 2020.

StanChart now offering video and chat customer care service

The investment will be used to upgrade the Bank’s technology and systems over the next three years.

Why you could afford a Kenyan bank today

Financial analysts point to the high premium that buyers of local banks were willing to pay.

Ethiopia’s banking giant collects $15b in deposits

The bank earned $3.3 billion from various activities, including $469.3 million from export trade and $2.8 billion from money transfers.

Stanchart embarks on ‘Market Storm’ to engage residents

To the Bank, ‘Digitization’ is about cost savings, operational efficiencies, and convenience to clients and reducing operational risks for the benefit of Africa’s growth and economic development.

Sterling Bank bags Deutsche Bank’s Excellence Award

The bank, in a statement on Friday, commended Deutsche Bank for nominating Sterling Bank for the award, hoping that the bank would emerge overall winner of the award in the 2017/2018 edition.

Societe Generale Ghana opens a digital corner

Digitalization is important and it is all about usage.

Retail Banking