Managers of Wealth Africa

Société Générale continues its sustainable growth strategy in Africa

SocGen aims for its African operations to achieve a compound annual revenue growth rate of 8 per cent and a profitability of more than 15 per cent by 2020.

Central African Republic formally joins Afreximbank

Member countries now 50

Societe Generale continues its sustainable growth strategy in Africa

As announced in its strategic plan, the Group is targeting a compound annual revenue growth rate of 8% and profitability of over 15% by 2020 for its African operations.

Rand Merchant Bank Nigeria wins Business Day Merchant Bank of the Year Award

Rand Merchant Bank Nigeria have over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, mergers and acquisitions to the funding of various transactions across multiple sectors.

EIB pledges US$78mn to four companies in Kenya and East Africa

Telkom Kenya Ltd will receive US$39mn loan to increase its 3G and 4G coverage and invest in its Fibre-To-The-Building network, which will dramatically improve services to SMEs and corporate customers.

Barclays Kenya profit up 2.1% to Ksh5.44 billion, mulls name change to Absa

The Nairobi Securities Exchange listed lender is mulling over the impending name change after its African parent company Barclays Africa changed its name back to Absa in July, after the exit of Britain’s Barclays Plc.

European Investment Bank (EIB) supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank

Long-term investment to boost private sector’s competitiveness; Increasing access to finance for small and medium sized businesses; At least 25% of financing for climate action.

European Investment Bank holds a portfolio of over CFA340bn in Cameroon

With its 6 billion m3 capacity, the Lom Pangar is a key infrastructure for the country’s electricity sector.

Standard Bank layoffs to affect over 500 staff

Standard Bank planned to restructure its IT department due to the introduction of new technologies in the banking sector.

Barclays Named Botswana’s Best Investment Bank

Barclays Bank of Botswana Limited has been named Botswana’s 'Best Investment Bank Year 2018' by Europe, the Middle East and Africa Finance.

Kenya, Zambia face bonds refinancing risks as funding conditions tighten

According to the ratings agency, Kenya, which has international bonds of $750 million and a coupon rate of 5.875 percent maturing in June 2019 and another one in 2020, will prove the most exposed to more costly debt financing.

Sub-Saharan Africa’s investment banking fees hit $369.6m

SSA equity and equity-related issuance is down 43 per cent year-on-year totaling $4.9 billion during the first nine months of 2018.

Kenya Investment Authority reports an increase in country’s foreign direct investments

Keninvest managing director Moses Ikiara said China and India heavily invested in the country as external global investors whereas South Africa, Mauritius and Nigeria crowned the top list of African foreign investors.

Polaris Bank as alternative to ‘collapse, liquidation’

We wish to assure all depositors that under this arrangement, their deposits shall remain safe

Stanbic IBTC Wins African Banking Awards

The awards presentation ceremony holds on Thursday 6, December, 2018, in London.

Unshackled From Barclays, Absa Investment Bank Chases Growth

Corporate and investment bank is targeting new markets

Investment Banking : Mixed near-term outlook

The prospects for investment banking in Africa, is no exception

SocGen's asset sales spree spreads to Africa, Eastern Europe - sources

Those sales follow the disposal of its Belgian private bank unit to ABN AMRO earlier this week

Partnership between ICBC and Standard Bank boosts trade, investment

African markets are huge and growing rapidly and the population is young

Why Chase Bank buyout deal worries existing depositors

While this move is a welcome relief, they will only be able to get a fraction of the money.