Managers of Wealth Africa

Capitec looks set to rival big four banks

Capitec’s incredible share price growth dwarfs that of the other banks.

National Bank of Canada Purchases an Equity Stake in the African Financial Group NSIA

West and Central Africa remain under-served in terms of financial services and have strong growth potential, with a population of more than 490 million inhabitants.

Nigeria’s Skye Bank to Raise Up to $500 Million for Liquidity

Nigeria’s Skye Bank Plc, a lender deemed systemically important by the West African country’s regulator, will sell as much 100 billion naira ($500 million) of debt to improve its liquidity.

Jonathan Launches Development Bank of Nigeria

He stressed that existing developmental institutions in the country included the Bank of Industry

SA banks urged to lend responsibly

The chairperson of the Portfolio Committee on Trade and Industry, Joan Fubbs, says the banking sector must lend money in a responsible way that will not contribute to consumers drowning in debt

SocGen to buy majority stake in Mauritius Commercial Bank Mozambique

French bank Societe Generale said on Thursday it had agreed to buy a stake in Mauritius Commercial Bank Mozambique (MCBM) as part of its strategy to tap strong growth in Africa

Our operations are still solid – HFC Bank

The development resulted in its share price losing some value

Societe Generale becomes shareholder in MCB Mozambique

Mauritius Commercial Bank Group and Société Générale signed an agreement on 18 March for Société Générale to become a shareholder in the Group’s Mozambique branch

Kenya Commercial Bank Targets 30% Gain in Mobile Transactions

The bank on March 10 began a partnership with Safaricom Ltd., East Africa’s biggest mobile network operator, to offer paperless banking accounts, known as KCB-Mpesa.

Cameroonian group Afriland First Bank enters insurance market in Cote d’Ivoire

The goal is to replicate what it has done in Cameroon

Nigerian banks: Resilient despite economic meltdown

“Nigerian banks are robust and strong enough to take losses”

UAE banks branch out abroad as home market gets crowded

UAE banks may have been posting double-digit growth in net profits, but they are on the prowl for assets outside their home turf to diversify from the competitive home market

Chanakira’s Botswana bank insolvent

Nigel Chanakira’s Kingdom Bank Africa Limited is technically insolvent, with liabilities of $19 million against assets worth $5,2 million, a report by the bank’s temporary manager has shown.

Why Customer Base Expansion Isn’t Standard Bank’s 2015 Target

Competition in South Africa is fierce.

Indian expansion approval for Africa’s largest banking group

Africa’s largest banking group by market value, said it will expand in India after receiving regulatory approvals

FirstRand eyes India expansion as law changes for bank investors

FirstRand is considering converting from a branch to a subsidiary license

Morocco lures Sharia cash with first Islamic bank

Morocco is poised to have its first full-fledged Islamic bank as early as September as the only North African country rated investment grade seeks to tap the US$1.8 trillion industry.

Atlas Mara says to target Africans ignored by other banks

Atlas Mara , the newest entrant to the African banking market, plans to target low-income earners in additional to the multinational companies and middle-class consumers existing lenders have concentrated on

Airtel Ghana, Sahel Sahara Bank in strategic partnership

Airtel Ghana and Sahel Sahara Bank have signed a Memorandum of Understanding to enhance the business potential of both parties.

Nigerian Lender UBA Takes Services To Facebook With U-Social Banking

All UBA customers who are on Facebook can access the easy-to-use platform via mobile or desktop devices

Retail Banking