Managers of Wealth Africa

NMB declared best bank in Tanzania

Only four banks from Tanzania featured in the competition that was dominated by banks in Kenya and that scooped most of the awards.

Edcon pins hopes on Abil deal

In its results for the third quarter to December, Edcon said it ended the quarter with 133 000 fewer credit customers than in the previous corresponding quarter.

Global survey shows Nigerian Banks gain consumer’s confidence as crisis fades

The results are particularly striking for Nigeria, whose banking industry neared collapse in 2009

Standard Bank Paid Joint CEOs More Than $2.6 Million in 2013

Standard Bank Group Ltd., Africa’s largest lender, paid its joint Chief Executive Officers Sim Tshabalala and Ben Kruger more than 28 million rand ($2.6 million) each, about 56 percent more than their predecessor.

Banks in Ghana are lazy – IMANI Chief

His comments on Saturday were the first such open reprimand of banks in Ghana

HFC Bank holds 23rd AGM

HFC Bank (Ghana) Limited on Thursday held its 23rd Annual General Meeting (AGM) in Accra to deliberate on its 2013 annual report

HFC Bank holds 23rd AGM

The Bank with a vision of becoming a leading universal banking institution in the West African sub-region and providing world class financial services

Merchant bank now Universal Merchant Bank

The bank following its new look and image intends to reclaim its position as the premier corporate bank and expand into retail banking.

Fidelity Bank’s Q1 profits down 25.08

Fidelity Bank is one of the earliest financial institutions to release its first quarter 2014 results

UBA reports N68bn Q1 earnings

The first quarter 2014 unaudited results of United Bank for Africa (UBA) plc released at the Nigerian Stock Exchange on Thursday show that the bank grew its loan figures by 16% from N937.6 billion as at December 31, 2013 to N1.067 trillion as at March 31

BNP Paribas Personal Finance expands into South Africa

Personal Finance has signed a binding agreement for the acquisition of RCS, a South African specialist in retail credit card programs.

Nigeria's Diamond Bank Q1 profit up 6 pct to 9.24 bln naira

Gross earnings in the year to March rose to 38.24 billion naira from 33.83 billion naira in the same period last year

Diamond Bank to Raise $750m Capital

The profit after tax for the year under review grew by 29 per cent to N28.5 billion as against the N22.1 billion recorded in 2012.

Nedbank plans to expand pan-African banking network

Nedbank was looking to extend its footprint to about 10 countries in the Southern African Development Community and East Africa over the medium term as part of its strategy to build a pan-African banking network

SA banks reap African rewards

JP Morgan and Citigroup are already operating across Africa

Impressive 2013FY top line and bottom line performance validates FCMB’s growth strategy

FCMB is predominantly a wholesale corporate bank with niche plays in the retail space, with a particular focus on high net-worth individuals, middle class and salaried government workers.

Fidelity Bank Records N9bn Profit, Assets Hit N1.1tn

An analysis of the balance items of Fidelity Bank showed that total assets increased by 18.2 per cent to N1.081 trillion, up from N914.36 billion in 2012.

Incoming CBN governor challenged on forex reserves, credit, AMCON fund

The CBN governor designate, while thanking the stakeholders for setting agenda for him, promised that he would not betray the confidence reposed in him.

S.Africa's Capitec full-year earnings slow as bad loans bite

This year has seen deterioration in the quality of our loan book

Over half of retail banking executives think non-traditional financial services providers are a threat to traditional banks - PwC

The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen

Retail Banking