Managers of Wealth Africa

Barclays to begin Africa sale with 10% stake offer

Chief executive Jes Staley announced on March 1 that the bank was retreating from Africa with other measures to raise cash, shrink globally and lighten its capital burden.

Citigroup to do more lending in emerging markets

Corporate banking, which loans money to large companies and sells the wider investment bank’s products and services, has had a tough start to 2016 as client activity was stifled by bad markets, poor Chinese growth, low interest rates and low oil pri

First National Bank Launched In Ghana

First National Bank Ghana, a subsidiary of the Firstrand Group, officially launched its operations on Thursday with a pledge to introduce innovative products and services to customers as well as contribute to Ghana’s socio-economic development.

Mauritius State Bank gets green light to operate in Seychelles

The State Bank of Mauritius is the second largest bank in that island nation after the Mauritius Commercial Bank.

Home-grown institution sweep Southern Africa Awards

Domestic banks and financial institutions across the region dominated the majority of Awards categories.

Home-grown institution sweep Southern Africa Awards

More than 3,500 votes were cast across the 29 categories in the Banker Africa Southern Africa Awards 2016 by the readers of the magazine and the registered users of the financial news website

Barclays' African Jewel May Not Sparkle for ex-CEO Bob Diamond

As the U.K. bank looks to unload its business in the region, observers think Diamond's Atlas Mara may pursue only some of those assets.

MeTL Group to buy Barclays bank?

Specifically, Dewji (40) said he was interested in “Tanzania, Kenya, basically East Africa.”

EIB, IFC and Ecobank sign landmark agreement

The facility is designed to overcome the challenges of lending to smaller businesses which have a higher risk profile.

Regional bank to partner with China to finance African projects

PTA will also partner with other Chinese financial institutions to undertake infrastructure projects in Africa.

South African bank rated best in the world

South Africa's Capitec Bank has been ranked the best in the world, according to international banking advisory group Lafferty, in its inaugural Bank Quality Rankings.

Barclays Africa sale savaged by big investor

The latest strategy update sees the painful, stop-start transformation from highly profitable retail caterpillar to swashbuckling, capital-destroying investment banking...

JPMorgan Said to Assist Barclays on Sale of Africa Assets

Barclays has sold assets, slashed about 6,000 jobs in the last four months and cut dividends

Black-owned Barclays Africa is just a pipe dream

As an astute investor, Barclays will ask for a premium from potential bidders, who will have to dig deeper into their pockets if they are to walk away with the prized stake, either in full or half.

Being ditched by UK bank may be just what Absa needs

Absa recently faced a ratings downgrade from Fitch.

Barclays Braces for Tough Sell as It Looks to Unload Big Stake in Africa Business

In interview, CEO of Barclays Africa says group won’t break up and sell individual assets

Bob Diamond's alleged bid for Barclays' Africa ops shows what a big mistake it was to let him quit

It's pretty sweet revenge for Diamond as the deal would mean snapping up one of his old employers' most profitable assets

Barclays’ African sale shows decline of universal banking model

Barclays announced last week that it intends to sell its African operations.

Barclays to get new owners

Change in Group shareholders won’t affect Barclays operations in Uganda

Former Barclays Chief Bob Diamond eyes Barclays Africa assets

Bob Diamond, the forceful former Barclays chief executive, is approaching investors to back a takeover bid for a swath of the UK bank’s African empire that he helped to construct.ccc

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