Managers of Wealth Africa

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.

CBE performance irks president

One of the positive performances in the bank’s operation in the fiscal year is its customer growth.

FMO, Proparco and Symbiotics invest in Access Bank Nigeria

totaling $93.8m to Access Bank, a Nigerian multinational commercial bank, owned by Access Bank Group.

Nigeria's Access Bank buys loss-making Zambian Cavmont

The transaction is expected to be completed during October 2020, subject to regulatory approvals from relevant authorities.

“We enable ATM withdrawals without a card” – Ecobank

With Xpress Cash, customers can send money to their loved ones who are not even banked.

Orange Bank Africa Created to Provide Greater Access to Financial Services in West Africa

Having played an essential part in financial transactions for several years now, Orange Money and digital services became even more important and more rapidly adopted by users during the health crisis. With this in mind, Orange believes that mobile bankin

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