Managers of Wealth Africa

FBN Holdings: Still Profitable Against All Odds

The bank succeeded in improving its gross earnings against the tide of very harsh operating environment as driven by increased interest income on loans to customers

NIB’s profit grows by 51.28 percent

The National Investment Bank’s profit after tax for the year 2015 grew from GH₵ 79.39 million in 2014 to GH₵120.11 million

Standard Bank Launches New Insurance Product

Standard Bank Chief Executive Phil Mnisi said the product covered family members, spouses and other dependants.

Zambia: AfDB to Curb Illicit Financial Flows

Dr Adesina said that over US$50 billion was being siphoned out of Africa through tax avoidance and evasion.

PIC considers black consortium for Barclays Africa

Barclays Africa is one of the big four banks that dominate South Africa’s financial sector.

Barclays Africa division weighs joint venture with Barclays plc

Barclays Africa has also informed its parent that it would like to include a sale of shares to black investors as part of the exit plan, Lucas-Bull said.

Portuguese company partners Russian bank to support investors in Mozambique

Dominio Capital is a finance, business and investment company focused on Portuguese-speaking countries.

Ministers meet with Standard Bank over Guptas

Business Day said that the meeting took place two weeks ago and involved explanation from the bank on the regulatory requirements to report suspicious transactions.

Barclays Africa Said To Attract Abraaj-led Group For Stake

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays’s African unit

Chase Bank resumes forex and RTG services

The restoration of these services, with the support of receiver manager Kenya Commercial Bank appointed by Kenya Deposit Insurance Corporation, marks yet another milestone for Chase Bank as it embarks on a phased implementation plan to normalise its opera

African Bank directors failed, business was reckless – Myburgh report

Submitted to the registrar of banks, René van Wyk in February 2015, Myburgh’s report was made public on Thursday at market close.

Swiss, Russian banks blamed for catastrophic ‘iceberg of debt’ in Mozambique

Instead of creating jobs, raking in hard currency and providing a cheap source of protein in this low-wage country, they represent billions in loans to be repaid no matter the social costs.

Bob Diamond Says Atlas Mara Close to Buying Another African Bank

The target is in one of seven African countries where Atlas Mara already owns a lender, Diamond said at the London Business School’s Africa Business Summit on Saturday.

Ten banks pay 143 directors N7.6bn in 2015

The amount paid to the directors represents 1.58 percent of the profit before tax of the ten banks, which stood at N480 billion in 2015.

African Banker Awards 2016 will be held in Zambia

The awards were launched to reflect the rapid growth and modernisation of the banking and financial services sector in Africa.

More to an executive’s pay package than meets the eye

The issue is more complex than that, as each of the four banks award shares that vest over a lengthy period, some within a year, others in three years.

Quite possible that Diamond could take Barclays Africa Group

The initial sell-down of Barclays’ stake looks like a decent enough piece of business by boss Jes Staley.

World Bank plans to increase investments in Africa

So, if we find a viable project in Africa we will finance it because we believe that our mission is very relevant in Africa.

Barclays sells 12.2% stake in Barclays Africa Group

Banking giant Barclays is selling shares worth 12.2% of Barclays Africa Group as it moves to drive down its stake in the lender.

South Africa's PIC in talks with Barclays on African business stake -source

The Public Investment Corporation (PIC), Africa's largest fund manager with more than $122 billion of South African government employee pension assets under its custody, is the second-biggest shareholder in BAG with a holding of about 6 percent.

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