Managers of Wealth Africa

Growth Of Africa's Regional

African banks are expanding into neighbouring countries and further afield benefitting from their knowledge and expertise in familiar territory.

Abil moves closer to recovery as it requests new licence

Equity and debt investors will have a chance to participate in the good bank’s IPO.

Mainstreet Bank: Investing in Successful Turnaround

Having undergone one of the most successful corporate turnarounds in Nigeria’s financial services industry, analysts believe a combination of the robust balance sheet and visibility of Mainstreet Bank Limited will be a great asset to its new investo

Our plan is to boost growth profile, by Unity Bank boss

Giving the successful conclusion of Unity Bank rights issues, expectations were high among investors for the financial results of the company for the half-year ended June 30, 2014.

African Bank Investments set for re-listing on JSE

Failed South African lender African Bank Investments is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money

Access Bank wins World Finance most sustainable bank in Nigeria award

Access Bank plc has emerged the winner of the 2014 World Finance, UK Magazine ‘Sustainable Bank in Nigeria Award.

Kenya in Talks With Banks to Cut Mortgage Rates to Spur Housing

The Kenyan government is negotiating with local banks to reduce the interest lenders charge on mortgages to single digits, as authorities try to make purchasing a home affordable in East Africa’s biggest economy.

Stanlib keeps eye on Africa after deal in Ghana

Stanlib’s deal with parent Standard Bank in Ghana, comes after the asset manager received the go-ahead to build a money management capability independent of Liberty Africa.

Access Bank lunch revitalized bouquet of products

As part of efforts to promote financial inclusion and wealth creation, Access Bank Ghana has launched three new products, with exclusive benefits and discounts to customers.

Bank of Africa celebrates 10 years with new branch

Bank of Africa Kenya has opened its 34th branch at Sameer Business Park.

Zimbabwe: MBCA to Become Nedbank Zimbabwe

Nedbank, the fourth largest bank in South Africa by market capitalisation and customer numbers, is the majority shareholder in the Zimbabwean financial services firm, controlling 74 percent stake in MBCA Bank.

Nigeria’s Heritage is Acquiring Enterprise Bank for $340 Million

The bad bank was set up in 2010 to buy non-performing loans and stabilize Nigeria’s banking industry after a debt crisis threatened it with collapse.

Nedbank Acquires Stakes At Eco Bank

Global financial groups have their sights set on the African banking sector, where the benefits of surging consumer strength and catch-up growth offer significant promise.

Somali Bank Becomes First Lender to Handle Foreign Transactions

The relative calm and tranquility in the country, especially the capital city, made us take a decisive step

Acquisition of Mainstreet Bank: Skye Bank faces fresh hurdles

Sources close to the deal expressed concerns that even if the bank succeeded in raising the money it plans to raise before year end

Standard Chartered Bank opens new branch in Lagos

Priority Banking, Employee Banking, eSaver, debit and credit cards.

Banco BIC of Angola enters Namibian market

The authorisation granted by the Namibian central bank is provisional for a six-month period and gives Banco BIC time to complete feasibility studies to back up its business plan to enter the market.

FirstRand CEO Says African Bank Not a Proxy for Industry

FirstRand Ltd., Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.

Skye Bank signs agreement for purchase of Mainstreet Bank, pays 20% deposit

AMCON had announced Skye Bank as the preferred bidder for the acquisition of all its interest in Mainstreet Bank

Nedbank rules out boosting 20% stake in Ecobank

Lender's rule deters Nedbank from purchasing more than 20%.

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