Managers of Wealth Africa

Exim expands, buys all of UBL business

Bankers see the new expansion as an opportunity for Exim Bank to increase its presence across the country.

Bank subsidiaries record 31.5pc growth in profits

Central Bank of Kenya (CBK) data shows Rwanda had five subsidiaries with 56 branches in contrast with Uganda’s seven units with a branch count of 104.

African Development Bank President Akinwumi Adesina’s take on the landmark signing

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa product

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Equity boss drops quit plans as profits up 12pc

Mr Mwangi had recently talked of leaving the bank’s executive suite to join its foundation—which is the social arm of Equity Group.

Bank subsidiaries record 31.5pc growth in profits

Central Bank of Kenya (CBK) data shows Rwanda had five subsidiaries with 56 branches in contrast with Uganda’s seven units with a branch count of 104. Tanzania had six subsidiaries with a network of 76 branches.

Co-op bank records Sh15.4 billion pre-tax profit in third quarter 2019

The total operating income grew by 9 per cent from Sh32.3 billion to Sh35.2 billion.

UBA Group wins CEO, Bank of the Year awards

Receiving the awards on behalf of the bank, UBA’s Executive Director, Mr. Ayoku Liadi

Afreximbank still plans IPO in London, Oramah says

The bank’s interest in IPO has “not gone away”, Afreximbank Chairman Benedict Oramah said at the African Investment Forum in Johannesburg.

Tech puts over 12,000 bank jobs on the line

“The decrease in clerical and secretarial staff could be as a result of continued automation of banking procedures and processes,” says the regulator.

Equity bank net profit up 10.3 pc

The bank says though the lifting of interest rates cap will boost its loan book

Ecobank adopts Growth Strategy, targets strong ending for 2019

The Ecobank group in August 2019 appointed a new consumer banking head as well as chief financial controller to drive deposit and manage its finance.

Banking crisis partly to blame for collapse of some fund managers — Securities Industry Association

According to the association, while poor governance and ethics played a part in this industry’s current challenges, the banking sector clean-up was the final trigger causing the liquidity challenges that some firms face

BoU hands license to Absa Uganda to formalise name change

Absa’ was chosen as the future brand after wide consultation with employees and stakeholders across the group’s operations over a period of about a year.

Here’s Why Nigerian Banks are Targeting Women

Access Bank has seen two-fold rise in deposits from women

Microfinance bank losses hit Sh1.4bn

Market leader Kenya Women Microfinance Bank, formerly KWFT, was the major casualty closing in a loss-making position Sh1 billion.EoBxu4o9SxIP6tYGRz2l4LgBKKAR1IM.Q

Ecobank Fighting the Sustainability Battle

The bank fell short of key performing parameters for deposit money banks in the review period with deposits from customers dropping by 3 percent while loans and advances to customers declined by 6 percent.

Capitec hits 13 million customers in South Africa

Capitec is by far the largest bank in South Africa by customer numbers, having already led the sector by this measure at the time of its full year results (March 2019).

Capitec completes acquisition of Mercantile Bank

Mercantile was offered for sale by its shareholder, Caixa, a Portuguese bank, due to it divesting from non-core operations outside of Portugal as part of its recapitalisation plan.

CalBank nominates Philip Owiredu as CEO

It said over the years, he had built strong relationships with other banks and financial partners, operators and international development finance institutions

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