Managers of Wealth Africa

Kenya's KCB Bank to offer mortgage-backed securities

Kenya's KCB Bank, the country's largest lender by assets, plans to offer mortgage-backed securities on the local bourse to help developers raise funds to build new housing units

Mainstreet Bank Acquisition: Analysts Laud Skye Bank

Financial and investment pundits are unanimous that the recent acquisition of Mainstreet Bank Limited by Skye Bank Plc holds significant positive prospects for the bank

Skye Bank wins ‘Best Bank in risk management’

Skye Bank Plc has won the “Best Bank in Nigeria in Risk Management” in recognition of the bank’s strides in strengthening its risk management framework and system.

Kenya Post expands banking services

The Postal Corporation of Kenya has announced that it will be expanding its banking services to 470 post offices around the country.

Ecobank Nigeria Secures $150m Capital From Foreign Banks

The Nigerian unit of pan-African lender Ecobank said on Monday it has secured $150 million in a debt facility from a group of international banks to grow its loan book.

Financial advice is a valuable service worth paying for

The RDR mainly seeks to deal with inherent conflicts of interest in the relationship between financial services product suppliers and financial advisors and how financial advisors are remunerated.

People's Bank of Zanzibar targets Dar, Mtwara

As our approach to developing new products is rooted in responsible and ethical business practices, we are able to launch services that are strictly sharia compliant and this involves a robust set of guidelines.

Grindrod says bank isn’t for sale

The lender has 4 billion rand to 5 billion rand under management

Access Bank emerges ‘Bank of the Year’ in Ghana

The Bank was rated the country’s fastest growing financial institution for the year 2013

Spanish Banking Group to Inaugurate Morocco Office

The bank will attempt to accompany Spanish companies that invest in Morocco.

UBA, MasterCard partner over access to e-payments in 14 African countries

MasterCard will leverage UBA’s fast growing footprint to enhance the adoption of cashless payments in a wider geographical region across Africa.

Diamond Bank to Boost International Trade

These solutions were introduced at a workshop for its customers in Lagos recently.

Namibia: Moneygram Extends Relationship With Standard Bank

South Africa is a key driver of economic development across Africa.

Namibia: Standard Bank Allocates 10 Percent Shareholding to Employees

The bank said the total shareholding of 10% will be divided between current employees who are eligible for 8%, while the remaining 2% will be allocated to a community trust

AfDB approves 148 mln USD credit for Kenya's Equity Bank

The African Development Bank said on Thursday it has approved 148 million U.S. dollars line of credit for Kenya's Equity Bank for on-lending to key economic sectors in the country.

Nigeria’s Guaranty Trust Bank Plc wins 2014 Product Leadership Award

Its headquarters is located in California with offices in 31 countries across six continents.

Namibia banking sector opening up

Through use of mobile phones and Internet connections, the bank wants to offer services to “everyone, irrespective of income or location”

Kenya: NBK Agency Banking to Ride On Postal Network

National Bank of Kenya has signed a strategic partnership with the Postal Corporation of Kenya that will see the bank ride on its infrastructure by providing agency banking services in all 470 Posta outlets.

Sterling Bank opens 10 new branches, to remodel 40

The Bank has also embarked on the remodeling of about 40 of its branches nationwide to reflect its retail positioning.

Absa cuts staff in retail bank

Absa is doing just that in its local retail banking division, confirming that of about 9 000 roles, 81 roles in the regional leadership team have become redundant.

Retail Banking