Managers of Wealth Africa

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%.

Kenya Commercial Bank gets MasterCard PayPass certification

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless

Exim wants more collaboration with banks

The Board Chairman of EximGuaranty Company Limited, Mr Felix Ntrakwah, says Exim is not in competition with the financial institutions but are collaborators and should work together for the benefit of SMEs.

Nigeria creating appetite for debt and equity instruments -Agusto

Worthy of this development is increased investments in States such as Lagos, Ogun, Kogi, Edo, Anambra, etc. to mention a few.

Access Bank Access Bank Eyes Increased Investment in Ghana, Rwanda, Zambia

Kumapayi also said part of the funds would be used for branch expansion, renovation and facilities’ upgrade in Nigeria.

Nedbank ups its risk appetite

IS NEDBANK buying a giant headache by paying R5-billion for 20% of Togo's Ecobank Transnational?

Ecobank to focus on existing businesses: CEO

Pan-African lender Ecobank plans to wind down its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its chief executive said on Sunday.

FirstRand takes top spot but Standard likely to fight back

Firstrand is firmly positioned as the leading bank in SA after the most recent reporting period for the top four banks.

Access Bank to Expand to Asia, African Economies

Others are window of opportunity in a rapidly expanding and consolidating banking sector

Retail Banking Academy and IOBSA sign memorandum of understanding

The Retail Banking Academy and the Institute of Bankers in South Africa entered into a Memorandum of Understanding whereby IOBSA will undertake an evaluation of the Academy’s credit bearing programmes and award candidates a designation.

Ecobank expands card facility into Africa

Expanding MasterCard’s acceptance in 28 countries across Ecobank’s network is a significant milestone for us

Access Bank Emerges 2014 Best Local Bank In Nigeria

Access Bank Plc has further consolidated its position as a service focused bank in Nigeria by being adjudged the “Best Local Bank in Nigeria 2014” by EMEA Finance Magazine.

Citigroup Restates Commitment to Customers

Citi operates in Nigeria through its subsidiary, Citi Bank Nigeria Limited.

Co-Op Bank Kenya Brings McKinsey On Board To Steer Growth Plan

Financial services firm Co-operative Bank of Kenya has hired McKinsey & Company to guide it on its next phase of growth.

Heritage Bank Deposits Initial 20% For Enterprise Acquisition

The 20 percent fee was not announced but is believed to be the region of N11 billion ($67 million), given the total fee is estimated to be N59 billion ($361 million).

Enterprise Bank: AMCON, Heritage Bank to Sign Share Purchase Agreement Today

The balance of 80 per cent or N44.8 billion would be paid on October 13.

Qatar National Bank lifts Ecobank stake in $283 mln deal

Qatar National Bank has acquired a further 11 percent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder.

Merchant Bank wasn’t a good deal - FirstRand boss

The Board Chairman of FirstRand Bank of South-Africa, Laurie Dippenaar, has said that the business case to acquire Merchant Bank Ghana last year was not a good one, as the assessment of returns on the transaction fell short of the bank’s expectation

AMCON Begins Gradual Exit from Intervened Banks

The frenetic move for new investors, according to sources, will not only free the affected banks from AMCON, but will also generate working capital for banks in view of the emerging financial requirements of industry players.