Managers of Wealth Africa

Barclays Bank of Kenya says H1 pretax profit up 12 pct

The bank's profit lagged its rivals Equity Bank, the countries biggest by deposits, and KCB, the largest by assets.

China Commercial Bank to open its doors in Tanzania

The China Commercial Bank (CCB) was granted a provisional banking licence on 7 August to operate in Tanzania and has plans to open a Dar es Salaam branch soon

African Bank placed under curatorship

While we do not see systemic risk in this, we would be conscious that any bank that fails has risk to it

Mobius Sees African Bank Fallout Isolated After Rescue

South Africa’s biggest lenders are likely to remain immune to the fallout from the collapse of African Bank Investments Ltd.

Rights Issue: Diamond Bank Set For Expansion

The rights issue which has commenced on July 30, 2014, will be closing on August 26, 2014.

Tetrad Investment Bank takeover stalls

The affirmative vote means that any action, application or executions against the bank will be put on hold.

Nedbank faces Ecobank poser

BANKING giant Nedbank is in the best shape it has been for more than a decade.

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.

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.

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