Managers of Wealth Africa

Skye Bank partners IFC on SME business

SKYE Bank Plc may have gone into a consultancy partnership with the International Finance Corporation, to evolve an effective lending framework for Micro, Small and Medium Enterprises.

Atlas Mara to extend reach into Rwandan banking

Atlas Mara, the Africa-focused financial services vehicle spearheaded by former Barclays chief executive Bob Diamond, is venturing further into Rwanda

Bank of Africa Ghana launches moneygram

Bank of Africa Ghana has launched MoneyGram in Accra to begin services in its various outlets across the country.

Kenya’s state-owned bank is closing in on a merger, but its CEO is not aware

NBK had last year revealed that its rights issue will hold this quarter

Ecobank still Burkina Faso’s leading bank

With more than 250,000 customers and 77 counters, Ecobank is the most extensive bank in Burkina Faso since it was set up in 1996.

Africa: Republic Bank to settle it headquarter in Accra

Republic Bank Ltd has informed the Ghanaian financial press that its offer to acquire a majority stake of 50.1% in the month in House Finance Company Bank should result favorably by May 7th, 2015, in light of the interest that brought the shareholders at

Kenya: Banks Spend Sh5 Billion to Lay Off 900 Staff in Three Years

National Bank of Kenya and Co-operative Bank (Co-op) had the highest cost to Income ratios in the industry

The Realities In Nigeria's Retail Banking

Nigerian banks today face up to the new reality that is a lower capital adequacy ratio. Are we likely to see banks raising equity in 2015?

Republic Bank says HFC takeover bid likely to succeed

The Bank said its hope is based on significant positive investor feedback on the offer.

Capitec wants 25% of the market by 2020

Known historically as an unsecured lender, Capitec has consistently reduced the number of loans it’s granted annually since 2012

Nedbank expanding African presence

Banking group Nedbank is looking to take a controlling stake in Mozambique’s Banco Unico next year and is eyeing two or three acquisitions in Southern and East Africa

Nigeria’s First Bank opens branch in Sierra Leone

The expansion represents FirstBank’s strategic objective to maintain significant market share

Namibia: Standard Bank Launches New Account

The interest rate of the new fixed access account is fixed for the full period of the client's investment.

Ecobank Ghana consolidates top spot

The third biggest, Standard Chartered Bank (SCB), also closed the year with GH¢3,506,297 billion

Guaranty Bank & Trust Expands into DFW market with Acquisition of Preston State Bank

The completion of this merger transaction with DCB adds approximately $127 million in total assets

Atlas Mara's Botswana-based ABC Holdings bank posts 2014 loss

Bad debt charges rose 98 percent to 650 million pula following an effort to clean up the lender's balance sheet, acting Chief Executive Blessing Mudavanhu told reporters.

Evolution of Nigeria’s Newest Megabank

As Skye Bank begins the integration of Mainstreet Bank Limited, Goddy Egene traces how Skye Bank started the journey to becoming one of the megabanks in Nigeria

Ecobank launches an ‘SME club’ to grow small businesses

Ecobank Ghana has launched ‘SME’ Club to offer preferential business support, products and services to its Small and Medium size Enterprise (SME) customers across the country.

Nigeria's Skye Bank plans $251 mln rights issue after debt sale

Skye Bank, which acquired nationalised lender Mainstreet Bank this year, said in a statement the shares sale is expected to commence after a shareholders' meeting scheduled for May.

Nigeria’s Skye Bank to Raise Up to $250 Million in Share Sale

Skye Bank Plc, the Nigerian lender that sold bonds last week, said it plans to raise as much as 50 billion naira ($250 million) by selling stock this year