Managers of Wealth Africa

Govt keeping close eye on Abil

The unsecured lender says it needs to raise at least R8.5 billion after significant losses.

CBZ Holdings records 20% decline in profit after tax

In the same period last year, profit after tax was $16 million.

UBA Grosses N138 Billion

United Bank for Africa (UBA) Plc; one of the largest financial services institution in Africa, has released its unaudited financial results for the first six months of the year, showing positive growth in financial indices.

No End in Sight for African Bank as Billions Erased in Trade

We have repeatedly negatively surprised the market and ourselves

Barclays Zimbabwe in black despite challenges

This was despite operating in a challenging economic environment characterised by a liquidity crunch, company closures and a downgrade of Zimbabwe’s economic growth outlook this year.

FRANCE’s largest bank buys SA card unit

Been active in South Africa for more than 15 years

Centrum To Acquire Stake In Local Bank

Centum Investment Company Limited (Centum) is set to acquire shares from existing shareholders at K-Rep Bank Limited.

Nigeria: Investors Eye Nigeria's Pool of Opportunities

Investors surge towards Africa's largest economy, Nigeria, is rapidly increasing. Thanks to the country's budding economy, its openness to doing business and robust entrepreneurial spirit.

Ecobank making progress in resolving governance problems, Mike Brown says

Pan African lender Ecobank Transnational has made progress in resolving governance problems, Mike Brown, the chief executive of its alliance partner Nedbank Group,

Skye Bank grows total assets to N1.131trn

However, the bank said its profit before tax dropped to N7.266 billion as against N10.545 billion during the corresponding period in 2013

Diamond Bank posts N13.8bn half-year profit

He said the bank “maintained strong deposit growth especially from the retail segment of the market.”

Union Bank Recovers N3.5bn Loans in Six Months

Union Bank of Nigeria Plc has recovered N3.5 billion loans in the first half of 2014, showing a significant improvement compared to the N1.5 billion recovered in the corresponding period of 2013.

Kenya: KBC Boast 16% Increase In H1 Profits

Buoyed by fees and commissions as a result of a 14 per cent increase in customer borrowing to 244 billion Kenyan shillings, the group’s profit before tax stood at 11.7 billion Kenyan shillings in 30 June 2014.

Nigeria's Firstbank Holdco H1 pre-tax drops to 12 pct

Nigeria's First Bank Holding Company said on Thursday its half year to June pre-tax profit fell 12 percent to 48.25 billion naira, compared with 54.81 billion naira recorded in the same period last year.

UBA succumbs to regulatory headwinds as H1 profit down 19.57%

The regulatory headwinds from Central Bank of Nigeria tightening policy combined with induced costs, such as the Asset Management Corporation of Nigeria charge, are taking a toll on the bottom-line performance of UBA Group as first-half profit shrank by 1

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