Managers of Wealth Africa

Ecobank integrating East African community

Eco- bank Uganda’s Managing Director, Michael Monari says their Bank is well positioned to contribute to the success of the East African Community integration process

Standard Bank Kenya Unit Climbs to Two-Year High on Profit Jump

Standard Bank Group Ltd's Kenyan unit rose to the highest level in more than two years after first-half profit surged 81 percent, beating other lenders in East Africa’s biggest economy.

Kenya's Diamond Trust Bank posts 22 pct rise in first-half profit

Kenya's Diamond Trust Bank increased first-half pretax profit by 22.3 percent year on year, helped by growth in net interest income

Ghana: Unibank to Open Five More Branches By the End of the Year

The move is to bring its world class banking services to the door steps of its customers across the length and breadth of the country.

GTBank upgrades social banking service

Guaranty Trust Bank plc has once again raised the service bar for African Financial Institutions, by upgrading its Social Banking offering on Facebook to accommodate Instant GTBank Account Opening.

Botswana grants two licences to Indian banks

Some African companies have also been looking for opportunities in Asian countries to trap the trade flow between the continents

Diamond Bank announces 14% growth in operating income

Diamond Bank remains on track to deliver superior returns to shareholders at year end with an impressive first half H1 2013 result after declaring a profit before tax of N17.6 billion- an increase of 14 per cent – from N15.4 billion in June 2012.

Ethiopia: CBE Posted a Record 8.4 Billion Birr Profit

Commercial Bank of Ethiopia posted a record 8.4 billion Ethiopian birr profit for the 2012/13 fiscal year, a sizable increase over the 7.9 billion birr reported in the same period last year.

Absa branch network to be upgraded

ABSA Group said it was implementing a strategy to improve growth in its retail banking division

Nigeria's Union Bank says H1 profit falls 4.2 pct

Nigeria's Union Bank said on Thursday its half-year pretax profit fell to 9.8 billion naira ($61.1 mln), down 4.2 percent from 10.2 billion naira last year.

South African Bank Targets Nigerian Market

The bank needs a competitive advantage before it can enter Nigeria

Nigeria's Diamond Bank H1 pre-tax profits up 14.2 pct

Nigeria's Diamond Bank , said its half-year to June 30 pretax profit rose 14.2 percent to 17.56 billion naira compared with 15.37 billion naira in the same period last year

Barclays’ South Africa unit Absa H1 profit up 8 percent as bad debts fall

Absa Group the South African bank majority owned by Britain’s Barclays Plc posted an 8 percent rise in half-year earnings after its bad loans shrunk.

UBA achieves impressive performance in key parameters, posts N33.2b in half year

United Bank for Africa Plc, one of the largest financial institutions in Africa has continued with its impressive results for the financial year with a profit of N33.2bn, for the half year ended June 30, 2013

Guaranty Trust Bank Adjudged the 2013 African Bank of the Year

The African Banker Award recognizes financial institutions across the continent that have emerged as industry leaders

Kenyan, Nigerian banks posting strong returns

Banks in Kenya and Nigeria have delivered far better share price returns in 2013 than their South African counterparts, a sign of confidence in these markets by investors.

World Bank Excellence Award: The Good Example From Cameroon Wins

The 2013 Excellence Award on Performance Based Financing For Projects in Africa Partly Sponsored by The World Bank Has Been Won by The Investment Support Project for the Health Sector in Cameroon

Nigeria: Skye Bank Posts N10.5 Billion Profit in Second Quarter

Skye Bank Plc has said its profit before tax increased to N10.5 billion as at June 30, 2013, as against the N9.9 billion realised the corresponding period in 2012.

Fidelity Bank Says14 Per Cent Half Year Profit

Nigeria’s Fidelity Bank said its half-year pretax profit rose 14.2 percent to 11.19 billion naira ($69.5 mln), up from 4.23 billion naira a year ago

Nigeria's unity Bank H1 pre-tax profit up 24 pct

Nigeria Unity Bank said its half-year pre-tax profit rose 24 percent to 4.35 billion naira ($27.17 million), compared with 3.52 billion naira in the same period a year ago.

Retail Banking