Managers of Wealth Africa

Barclays urged to ditch Africa unit and focus on core UK business

The Africa business has absolutely no synergy whatsoever with the rest of the bank

Opinion: Barclays Should Get Out Of Africa, Sell It All, Not Just Some Of It

Barclays has operated in parts of Africa for almost a century but the the devaluation of the South African rand against the British pound hit the group’s profits.

Zenith Bank UK joins Dubai International Financial Centre

Zenith Bank (UK) Limited, one of Nigeria’s leading commercial banks, has established its presence in Dubai with the opening of its first branch at the Dubai International Financial Centre (DIFC). The opening ceremony was attended by Jim Ovia, Founde

FirstBank Promotes Trade Financing

We will continue to grow our mileages in developing trade and commodity finance across the continent

African Bank given initial ‘junk’ rating by S&P

Ratings agency forecasts weak profitability, high credit losses.

Kenya: Prime Bank Raises Sh1Billion for SME Lending

The bank's main customers are large corporates in varied sectors such as manufacturing and tourism sectors.

Standard Bank systems to be down on Sunday

ATM deposits, the banking app, internet and cellphone banking services would also be unavailable.

First Bank, Zenith Bank, UBA make 2016 Global Top 500 Banking Brands

A press release from the Country Representative of The Banker magazine in Nigeria, Kunle Ogedengbe, added that three other Nigerian banks also made the ranking.

Standard Bank finances multi-million dollar solar power plant

Commissioning of this facility already started during the last week of November 2015 and the project was already up and running by the 24th of that month.

GTBank, Zenith Bank too cheap to ignore, says Exotix

GTBank is Nigeria’s most capitalised bank and the third most capitalised quoted company.

If Barclays Africa Is For Sale, South Africa’s PIC Says It’s Buying

There is no deal on the table, but if there was, the corporation “would be keen to participate and increase our position”, PIC CEO Daniel Matjila said in Davos.

Unity Bank moves headquarters to Lagos

Unity Bank said the Central Bank of Nigeria granted its approval to the relocation on 21 December 2015.

GT Bank-Liberia Managing Director Dies in Fatal Boat Tragedy

The Bank is a subsidiary of Guaranty Trust Bank Plc, one of the foremost banks in Nigeria

PIC sees chance to ‘reclaim’ Barclays

A sell-down is seen as an opportunity for domestic investors to reclaim the banking asset from British control.

Why Kenya Will Pay Dearly If It Opts to Borrow Cash From Global Markets

Kenya borrowed a Sh60 billion syndicated loan on October 29 from commercial banks with Citi, Standard Bank and Standard Chartered Bank as book-runners.

EIB aims to invest in financial sector

Executives from the European Investment Bank will visitthe Zimbabwe in the second half of the year to do a due diligence exercise, as they eye an investment in the financial services sector

Citi’s junior volunteers wait on Kenya call

In line with the Kenyan proverb that travelling is learning, junior investment bankers from Citigroup will be expanding their horizons in the coming weeks, volunteering to help businesses in east Africa develop their plans for growth.

Standard Bank ups stake in Tsogo Sun to 10%

Standard Bank has acquired a beneficial interest in the securities of the company

Barclays’s New CEO Beats a Retreat in Africa

New leader Jes Staley makes his mark with plans to sell off a big stake in the bank’s African business

Kenya: Barclays Africa to Shut Down Nairobi Office Over Redundancy

The office was established in 2010 to offer Barclays subsidiaries in Africa technical support

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