Managers of Wealth Africa

Kenya's I&M Bank 9-month pretax profit up 38 pct

The increased profitability for the other banks was mainly driven by a drop in interest rates.

Indian Banks Ramp Up Presence in Africa

Indian commercial banks are expanding their footprint in Africa by being on the ground, working with consumers and businesses, and building two-way trade and investment.

Barclays Kenya’s 9 Month Pretax Profit Edges Down 2pc

The lender, which is controlled by Britain's Barclays , bucked the trend among big banks in the east African nation

Kenya: Stanchart Profits Before Tax Rises to Sh9.9 Billion

Operating costs grew by 12 per cent to Sh7 billion driven by continued investment in infrastructure, technology and talent to support the bank's business growth.

Nedbank plans to increase stake in Togo-based lender

Nedbank plans to exercise an option it has from next month to buy up to a fifth of Ecobank Transnational in a deal valued at more than $500 million.

Diamond Bank Gives Assurance on Quality Financial Services Delivery

Diamond Bank Plc has reiterated its commitment to quality financial services delivery in an efficient, seamless and cost-effective manner across its branches in the country.

Co-operative Bank profits up 19pc to Sh8.91 billion

Co-operative Bank Group has announced a 19 per cent growth in pre-tax profit for the nine months period ended September 30.

FNB targets entering Ghana retail banking by end of 2014

The group has previously indicated that it is considering an acquisition of banks held by Asset Management Corporation of Nigeria, which holds Mainstreet, Keystone and Enterprise Bank.

With ICB Acquisition, First Bank Expands African Footprint

The four new markets have a total of 28 branches of which 17 are in Ghana, five in Guinea, four in Gambia and two in Sierra Leone.

SASSA MasterCard Debit Card Grows Financial Inclusion in South Africa

It is clear that electronic payments are being embraced by millions of South Africans

Too-big-to-fail designation to reduce banks’ ROE – RenCap

The Central Bank of Nigeria draft document which has designated eight banks as “too big to fail”

Firstbank Buys ICB's West Africa Operations

The transaction has been effected through the completion of a Conditional Sale and Purchase Agreement with ICBFGH.

Liberia: Several Saddened By Deputy Central Bank Governor's Death

Several Liberians have described the demise of the Deputy Governor of the Central Bank of Liberia for Economic Policy as a great loss not only to the CBL, but to country as a whole.

First Bank Notifies NSE On Acquisition of Ghana's Major Bank, ICB

First Bank denied it saying that the deal was yet to be concluded.

Standard Bank puts UK unit up for sale to focus on Africa

Standard Bank has announced the latest step in its long-term strategy of selling off its non-African operations with Friday’s Stock Exchange News Service

Barclays Targets Nigerian Banks

GTBank has maintained a relatively clean track record and has grown organically to become one of Nigeria’s largest banks.

Kenya: 138 Percent Rise in Family Bank Q3 Profit

Family Bank has recorded a 138 percent growth in pre-tax profit for quarter three,

Nedbank Opens Africa’s First ‘Green’ Bank

The bank draws energy from solar and wind sources, then converts it to standard mains electricity which is fed into the national grid, effectively cancelling out its own consumption.

UBA Assures Shareholders on High Returns

The Group Managing Director, United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has assured shareholders that the bank is focused on delivering full year results that will adequately reward them. Oduoza gave this assurance while commenting on the ba

GTBank records healthy rise in 3rd qtr profits

The group’s Managing Director/Chief Executive Officer Mr. Segun Agbaje had attributed the bank’s success to the continued support of its customers, hard work and strong corporate governance standards.

Retail Banking