Managers of Wealth Africa

Nigeria Offers Best Opportunity for African Retail, RMB Says

Nigeria, Egypt and Ethiopia offer some of the best opportunities for retailers looking to invest in Africa

MetropolitanRepublic Cape Town to close

MetropolitanRepublic has issued a statement announcing the closure of its Cape Town office.

Nedbank ‘Committed’ to Ecobank Link After QNB Buys 12.5%

Nedbank Group Ltd., the South African lender controlled by Old Mutual Plc, said it remains committed to its partnership with Ecobank Transnational Inc., even after the Togo-based firm sold a stake to a Qatari bank.

Nigerian Banks and Rising Offshore Debts

As rising interest rates and tight liquidity conditions push Nigerian banks to the international debt market, Obinna Chima examines the risk the trend portends for the system

Diamond Bank Opens Retail Banking Branch

Diamond Bank Plc has opened a flagship centre to cater for the needs of its retail customers.

FirstRand Targets $924 Million for Expansion in Africa

FirstRand Ltd., Africa’s biggest bank by market value, is setting aside 10 billion rand for expansion across the continent as profit increases from regions outside its home market of South Africa.

Ecobanks Concludes $20m Facility Deal With Brazilian Devt Bank

Ecobank Nigeria has sealed a deal for a $20 million credit line from the Brazilian Development Bank.

Diners Club expands further into Africa

Diners Club is heading into the fast-growing economies of Nigeria, Mozambique and Angola,

Zimbabwe: Banking Sector Restructure Leads To Basel II Adoption

The first quarter of 2015 has been set as the deadline for the switch to Basel II. Dr John Mangudya, RBZ Governor, indicated this in his recent maiden policy statement.

Ghana: More Alliances Forecast in Ghana Banking Sector

Acheampong added the mergers would help banks to grow, integrate and expand their business.

Barclays angles for slice of cross-border transactions with border branch

Barclays Bank of Kenya has revamped its Busia branch into an ultra-modern facility, in a move aimed at supporting seamless cross-border transactions.

Qatar National Bank buys 12.5 pct Ecobank stake for $200 mln

This deal is much much bigger than a Qatar bank taking a stake in Ecobank

Nedbank eyes Africa push

Nedbank has till November 25 to decide whether to exercise an option to convert its loan to Ecobank in 2011

Ghana Bank Buys German Financial Firm

After the merger Fidelity will have a branch network of 80, 96 ATMs, 300 agencies and more than 700,000 customers across the country

22seven ditches subscription fee

The Old Mutual-owned personal financial management service will no longer charge a monthly subscription fee.

Rothschild-Backed Fidelity of Ghana to Double Branches

Competition among banks is increasing as lenders seek to tap segments of the population who don’t use banking services

Trans National Bank to open three branches as it targets agri-business

Uasin Gishu County Governor Jackson Mandago officially opens the rebranded Trans National Bank, Eldoret Branch yesterday. With him is Trans National Bank CEO Sammy Lang’at and the bank’s chairman Michael Cheruon.

Ghana: Fidelity Bank Attracts U.S.$127.3 Million Capital Investment

Fidelity Bank Ghana Limited has announced the completion of its $127.3 million Capital Raising Exercise to inject more capital into the operations of the bank.

Barclays' RainFin chasing peer-to-peer growth in SA

RainFin , a South African peer-to-peer lender part-owned by Barclays Plc, is expanding from personal loans into small-business loans, hoping to mimic the growth of U.S.-based LendingClub Corp.

Ecobank Nigeria to raise additional capital

He was confident that Nedbank would exercise the conversion option and also top up the conversion amount with $206 million to give it a 20 per cent stake in Ecobank.