Managers of Wealth Africa

GHIB signs US$30m loan deal with Kenya Commercial Bank

This move is a strong endorsement of GHIB’s strategy of expanding its footprints in the African continent.

Fidelity Bank, AFD Sign US$10m Agreement

Fidelity Bank Limited has signed a 10-year US$13million credit facility agreement with PROPACO,

Ghana: UBA Welcomes BOG's Second Round of Recapitalisation

Despite local banks reservations about Bank of Ghana's second round of recapitalisation which commences next year, United Bank for Africa Ghana Limited has welcomed the new GH¢120 million minimum recapitalisation

Barclays Africa in steadfast bid to win back clients

Each will cherrypick the regions that have contributed the most performance, the macro highlights and key funds which have done well for them.

Angolan banking group BIC wants to buy bank in Cabo Verde

Angolan banking group BIC, which in Cabo Verde owns BIC IFI , plans to buy a retail bank on the archipelago

Kenya: How Small Banks Felled Giants to Become Market Leaders

In the nine months to September 2013, indigenous banks overtook their multinational rivals in profit growth.

CBK approves Fina Bank’s takeover by Nigerian firm

FINA Bank will be renamed Guaranty Trust Bank Kenya after the Central Bank approved the takeover of the Kenyan bank.

Intrepid bankers reap rewards in Africa's newest state

Kenya Commercial Bank started small in Africa's newest nation, South Sudan - very small.

First Capital Plus Savings and Loans now a bank

First Capital started as a microfinance company and became a savings and loans company after operating for two years.

Ecobank Rated Cameroon’s Leading Bank

Ecobank Cameroon’s net profits significantly increased by 100 percent to 1.65 billion F.CFa” for the same period.

Expansion of population and wealth in Angola attracts retail trade

Angola is one of the most attractive markets for international retail trade

Mercantile Bank aims to double in size

Mercantile Bank which focuses on banking for entrepreneurs, plans to double in size in the next five years

Barclays Africa’s Retail, Business Units Record Turn Around

Absa had been South Africa’s leading retail bank for many years up until the lower end of the market was entered by the likes of Capitec, African Bank, Standard Bank, FirstRand and Nedbank, forcing Absa’s retail unit to lose some market share.

Ghanaian institutions modernise to capitalise on economic boom

It is here that three African financial institutions City Investments Company, NDK Financial Services and The Royal Bank are turning to new technology to realise their plans.

Hyprop Acquires 87% Stake In Africa Land

Third-biggest property fund listed on the Johannesburg Stock Exchange,Hyprop, has agreed to buy 87 percent of the issued shares in African Land Investments.

Barclays grants $2.6m to boost wealth creation among youth in Ghana

Barclays Bank has given a grant of $2,613,156 for the implementation of the second phase of the Banking on Change project

UBA and PostBank Partner to Roll Out Agency Banking Network

Speaking during the launch of the service, UBA Kenya Bank CEO, Mr. TunjiAdeniyi said the bank is targeting to aggressively grow its customer numbers

Credit conditions tightened in the country – BoG survey

The sector remained relatively stable, benefiting from healthy capitalization, as well as sound liquidity and profitability.

SSNIT hits back at critics of Merchant-Fortiz deal

The Social Security and National Insurance Trust, has downplayed reports that the sale transaction between Fortiz and Merchant bank did not go through the necessary procedures.

Bank of Africa's Net Income Drops 28.02pc

Profit after tax for the Kenya operation rose by 89.92 per cent to Sh623.01 million in the first nine months of this year from Sh328.04 million in the first nine months of last year

Retail Banking