Managers of Wealth Africa

Rand Merchant Bank’s Superstars Do Their Sums Right

GROWTH on the African continent and a focus on cost containment have been the two central drivers behind Rand Merchant Bank’s 23% rise in profit before tax for the year ending June.

StanChart To Open 100 Branches in Africa By 2016

Standard Chartered Plc, the UK bank that earns most of its profit in Asia, expects to open 100 new branches in Africa by 2016 to benefit from the continent's US$1 trillion of annual retail spending.

Indian banks eye Mauritius footprint to tap Africa potential

Looking to tap into the business potential offered by Africa, some Indian banks have expressed interest in setting shops in Mauritius.

FCMB targets financial inclusion to increase customer base

First City Monument Bank Limited has embarked on series of activities to inculcate the culture of wealth creation amongst the Nigerian masses.

Credit amnesty worry for banks

Some of South Africa’s major lenders have warned that the expunging of credit information due to a recently approved credit information amnesty could push lenders to be more conservative when advancing credit.

AfDB extends US $150 million to Mauritius Commercial Bank to enhance lending to African businesses

The Board of Directors of the African Development Bank approved on Wednesday, September 11 a financing package consisting of US $120 million multi-sector line of credit and US $30 million subordinated debt to The Mauritius Commercial Bank

Fidelity pioneers Agency Banking in Ghana

Fidelity Bank Ghana Limited, one of the fastest growing banks in Ghana, has become the first bank to introduce Agency Banking services in the country.

Barclays Bank unveils a three-year plan for faster growth

Barclays Bank of Kenya has unveiled a three-year strategic plan designed to facilitate faster growth in the future.

FirstRand Profit Gains

FirstRand Ltd, South Africa’s second-biggest financial-services company, said fiscal full-year profit climbed 20 percent as it lured more customers.

Fidelity Bank Pioneers Agency Banking In Ghana

With the approval of the Bank of Ghana, Fidelity Bank has contracted third party retail networks called Fidelity Smart Agents to provide services on its behalf.

FCMB meets customers nationwide, explains new CBN policies

With a growing emphasis on Cashless Banking to provide safer financial services to customers.

Sierra Leone News: UBA Announces Project Alpha

The United Bank for Africa one of the Pan-African bank with operations in 19 African countries and New York, London and Paris, announces the launch of Project Alpha the Group’s next stage focus of strategic transformation.

South Africa's Capitec says H1 profit higher; shares jump

Capitec and other South African lenders have zeroed in on the lucrative mass-market, writing high-margin loans to lower income borrowers.

FirstRand Shares Tick Up On Earnings Jump

FirstRand expects to release its full-year results on September 10. Standard Bank, Nedbank and Barclays Africa Group (previously Absa), all reported their interim earnings in August.

Nigeria's AMCON seeks bids for Enterprise Bank sale

The regulator told them to find new investors before a deadline or face nationalisation.

GTBank strengthens footprint through aggressive branch expansion.

Shortly after the banking sector reform triggered bank customer migration, one of the banks that successfully attracted many customers was Guaranty Trust Bank plc (GTBank).

Liberty Capital grabs new international award

This marks the second international award the company has received in less than two years

Ecobank Zimbabwe’s profit before tax leapt 2 300%

EcobankZimbabwe’s profit before tax leapt 2 300 percent to US$1,2 million in the half year to June largely driven by growth in interest income.

Old Mutual to Expand Products in Kenya as Industry Grows

Plans are being drafted to enter the general-insurance industr

Advans Ghana marks anniversary

We currently have almost 380 young and experienced workforce who together as a team has brought us this far

Retail Banking