Managers of Wealth Africa

Absa Becomes the First Bank to Phase Out Cheques as a Means of Payment in Africa as Digital Banking Dominates

Cheques are one of the oldest recognised payment instruments globally, including in Africa, and were historically widely used.

Nigeria Banks’ Assets Hits N47.82 Trillion

Total Assets of the industry has continued to rise, standing at N47.82 trillion as at end-June 20

Ecobank Ghana announces GH¢642m profit after tax for 2019

This year’s Annual General Meeting, (AGM) which was held virtually, highlighted strong growth in revenues and profits, strengthening the Bank’s balance sheet as well as a dividend pay-out.

Qatar- QNB earns two prestigious GBO awards

The Global Business Outlook awards aim to recognize and reward excellence in business to companies all over the globe, both in the public and private sectors.

Co-op Bank profit drops 3 percent on bad loans provisions

The rise was in appreciation of the tough economic environment facing borrowers.

KCB bank half-year profit tumbles 40pc as Covid triggers defaults

The stock of NPLs increased to Ksh83.9 billion ($839 million) from Ksh 39.1 billion ($391 million) during the period under review.

Absa : Trading statement update for the six months ended 30 June 2020, 13 August 2020

The Group's normalised headline earnings per share (HEPS) for 1H20 is expected to be between 80% and 85% lower than the 977.5 cents for the six months ended 30 June 2019

Ecobank Ghana records “sterling performance”

The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per cent in 2018 to 45.8 percent in 2019.

Cooperative bank half year net profits down 3.6pc

The loan loss ate into the lender’s first half profitability that dipped marginally by 300 million shillings or 3.6 percent to 7.2 billion shillings.

KCB half year profit down 40pc on corona defaults

This was in response to the gross non-performing loans more than doubling to Sh83.8 billion from Sh39.1 billion.

GN Bank Renamed Sapelle International Bank Liberia Limited

Standard Chartered Bank ‘has no connection whatsoever with the Sapelle’

'Equip NIB to serve development banking purpose'- Banking Consultant

It will deploy products and instruments such as credit guarantee funds, refinancing of Participating Financial Institutions (PFIs) loans, term loans, business development services, and factoring, among others.”

Kganyago: Quantitative easing 'won't make sense' for South Africa

"QE will become appropriate when interest rates are the zero lower bound and there is deflation risk."

KCB half-year profit drops 40% on Covid-19 impact

Net profit closed at Sh7.6 billion

Equity buys Sh10b stake in DRC bank

The transaction would have seen Equity acquire a 62 per cent stake in Banque Populaire du Rwanda (BPR) and all of Atlas Mara’s subsidiaries in Zambia, Tanzania and Mozambique (BancABC).

Kenya’s Equity Bank purchases majority stake of DR Congo bank

We have been fortunate to have had the opportunity to acquire two of the most solid banks in the market.

Impact of covid-19 to widen Ghana's fiscal deficit- Standard Bank

According to the report “Interestingly, the government does not expect to return within the 5% budget deficit threshold, until 2024. This suggests that the fiscal consolidation path, post the pandemic, could take much longer than expected.”

Kenyan Digital Lenders Back Moves to Rein in Unregulated Market

Digital lenders have been accused of increasing de

Access To Acquire Cavmont Bank Zambia

Under the terms of the agreement, ABZ will acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank while Capricorn Group Limited, the ultimate majority shareholder of CCHZ, will invest at least $16.5 million of preference

Bank of Ghana marks 63yrs of central banking

Four months after the country gained independence from the British, the BoG opened its doors to the public after it was established under the Bank of Ghana Ordinance No. 34, 1957.

Retail Banking