Managers of Wealth Africa

Banks Borrowing from CBN Decline by 0.45% in Q1

Banks deposit applicable interest rate for the SDF is at 4.5 per cent.

Rwanda: Bank of Kigali Named Best Bank in Rwanda

Following on the enormous difficulties wrought by the pandemic, these changes demand increased attention to global commercial relationships.

Kenyan banks make losses in South Sudan and why they stay on

The only profit for the lender which started operations in South Sudan in September 2013 came in the year 2015 at $7.45mln

SA banks to be the least affected by the Russia-Ukraine war among emerging markets – S&P report

South African banks have limited or no vulnerability at all across all areas that S&P looked at.

Kenya: Banks report stellar earnings growth for 2021; Equity Bank doubles profits

But the sector’s underlying performance may be skewed given a significant drop in loan impairment charges in 2021 and subsequent write-backs, which boosted bank balance sheets and results, say some analysts.

Sterling Bank partners DKM to develop Africa’s next big star

The partnership with DKM is a sequel to the bank’s ongoing collaboration with the Ake Arts and Books Festival as well as its partnership with the Nike Arts Gallery, among others.

Zenith, Access Bank, Others Sustain NPL Ratio Below CBN’s Requirement

UBA’s NPL dropped to 3.60 per cent from 4.70 per cent in 2020.

Zimbabwe: First Capital Records 87 Percent Net-Interest Income Growth

In comparison, Non-Funded Income just recorded a 33 % growth during the reporting period.

Ghana: Banking Sector Records Strong Asset Growth in First 2 Months

Dr Addison said total deposits recorded a year-on-year growth of 18.2 percent to GH¢123.0 billion.

Absa Bank Ghana records strong performance in 2021

The Bank said the emerging recovery of the Ghanaian economy in 2021, from a difficult position the previous year, was also a key factor in the improvement in revenues.

Ecobank records 334% rise in profit to N146bn in FY 2021

A further look at the results show that the lender earned N603.37 billion from its lending business as Interest income grew by 14% from N531.22 billion.

Bad news for jobs in South Africa: Nedbank

While economic activity rebounded in the final quarter after being interrupted by multiple shocks in the third quarter

Ecobank wins 5 awards at Global Finance Awards

The awards included Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money Market Funds.

African Development Bank Group President commences three-day visit to the United Arab Emirates

Much of the visit’s focus will be on strengthening ties and building closer collaboration between the African Development Bank and the United Arab Emirates.

Zenith Bank: Beating Market Expectations

The Group’s continuous drive for retail deposits combined with the strategic rebalancing of its funding base helped to reduce the cost of funding from 2.1 per cent to 1.5 per cent in the current year.

Kenyan banks record meteoric surge in profits

The one-year window through which the lenders had extended and restructured the loan repayments for customers adversely impacted by the pandemic expired on March 2, 2021 and the borrowers were given three months to regularise their loan repayments.

Nigerian lender GTB sets sights on Kenyan bank

The Nigerian banks reckon they will ride on the billions of dollar flows in annual trade between Nigeria and Kenya to gain market share, a pointer that it targeting trade finance.

Ecobank’s leadership in Treasury and Cash Management across Africa recognised at the Global Finance Awards

In addition, Ecobank Cameroon, Ecobank Côte d’Ivoire and Ecobank Kenya were all named Best Treasury & Cash Management Banks 2022 in their respective countries.

SA banks dominance hampers growth

The report paints a bleak picture of how four commercial banks control almost 90% of the country's banking sector.

Equity Group to pay out record Sh11.3bn dividend

The lender has reinstated dividend after freezing payouts in 2019 and 2020

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