Managers of Wealth Africa

South African financial services firm Old Mutual acquires Faulu Kenya

South African financial services firm Old Mutual has acquired a majority stake in micro-banker Faulu, making its entry into Kenya’s lucrative retail banking sector.

Namibia: Women in Leadership Excel At Standard Bank Namibia

Women are rapidly climbing the corporate ladder by taking up positions at the executive, senior and middle management levels at Standard Bank Namibia.

Attijariwafa’s Ivory Coast Bank Expands as Clients Boost Profit

Societe Ivoirienne de Banque, the Ivorian unit of Morocco’s largest publicly traded lender, plans to open a 43rd branch in the West African country as it attracts new customers.

‘GCB rebranding is to make it effective and human centred’

The management of the Ghana Commercial Bank (GCB) Limited plans to to rebrand the bank as a modern progressive and people-centred finance house.

PTA Bank aspires for more business in Uganda

The Preferential Trade Area Bank (PTA), held a Bank Business Seminar at Sheraton Hotel in Kampala on the 27th of June. - See more at: http://www.independent.co.ug/news/news/7937-pta-bank-aspires-for-more-business-in-uganda#sthash.aTX3uEhc.dpuf

Mauritius Commercial Bank to raise 3 bln rupees via bond issue

Mauritius Commercial Bank had approval from regulators to raise 3 billion Mauritius rupees ($96 million) via a bond issue to finance a restructuring plan to separate its banking and non-banking activities.

Nigeria’s First City Monument Bank Becomes A Holding Company

Leading Nigerian lender, First City Monument Bank announced that it has metamorphosed to a Holding company.

Nigeria’s First City Sees Loan Growth Rate Doubling to 25%

A Nigerian lender, expects the pace of loan growth to accelerate to 25 percent in 2013

Barclays Halts Banking Activities In Somalia

One of UK’s biggest banks, Barclays had ended banking activities with Dahabshiil,

Namibia: Nedbank Workers Plan Strike

Nedbank employees are considering industrial action on their demands for a nine percent salary increase not be met by the bank.

Local banks stir foreign interest

Two Kenyan banks are in the radar for huge investments by top multinational corporations eyeing the country’s lucrative financial sector.

Former NBK boss dies in city hospital after illness

Reuben Marambii, renowned for turning around the fortunes of the National Bank of Kenya, has passed on.

Ecobank is one African success story to celebrate – Amissah-Arthur -

Vice President Kwesi Bekoe Amissah-Arthur on Friday commended the Pan African bank

Ecobank wins Bank of the Year 2012 but Prudential Bank steals the show

Ecobank has been adjudged the Best Bank for the Year 2012 but it was Prudential Bank who stole the show, winning eight awards

UBA Re-Launches Ruby Account for Women

The United Bank for Africa Plc (UBA) has repackaged its Ruby Account product that was specifically designed to cater for women

Bank of Baroda emerges most profitable bank in Ghana

The Indian Bank stood tall amongst the 25 banks that were assessed on total income before tax.

Stanbic IBTC Begins Weekend Banking

The Nigerian unit of Standard Bank Group, Stanbic IBTC Bank has announced the commencement of Saturday banking in key cities across the country,

Barclays’s Absa Sees Share of Loans Drop Amid Bad Debt Fears

Absa Group Ltd. has restricted lending and lost market share to avoid increasing bad debt.

Sierra Leone: How our Banks performed Standard Chartered tops 2012 profits list

Standard Chartered Bank has made the biggest Profits Before Tax (PBT) for 2012 topping the other 12 commercial banks operating in the country.

Headcount tightens as banks shed jobs

BETWEEN 2008 and 2013, South African banks got rid of almost enough employees to fill the FNB Stadium.

Retail Banking