Managers of Wealth Africa

Standard Bank abandons global emerging market aspirations to focus on Africa

Standard Bank Group’s full year results to December brought to an end a five-year “journey of transformation” for the bank

IMF says Zimbabwe needs credible plan to clear arrears

Some of the targets include stabilising the financial sector, re-engagement with Western countries and reducing the budget deficit.

Nominations for the Standard Bank Rising Star Awards are open

Over the last three years, we’ve seen a surge in organisations recognising the value of their employees

Citigroup set for redundancies in EMEA markets business

Citigroup is set to make a round of redundancies within its markets and securities business in the Europe, Middle East and Africa region

African Bank's Lending Below Levels To Sustain "Good Bank"

African Bank Investments Ltd is lending at levels below what is required to set up a new “good bank”.

African Bank Mute on Rescue Since December Unsettles Investors

The Banks Amendment Bill was introduced last year.

Standard Bank stimulates Africa-China investment

Standard Bank Namibia strongly encourages corporate and investment banking relations between Namibia and the Chinese business community.

Nigeria: FCMB Capital Markets Emerges Best Local Investment Bank

FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc, has been adjudged the "Best Local Investment Bank in Nigeria" at the 2014 African Banking Awards

UBA, others receive award

The United Bank for Africa (Liberia) Limited has been honored for its immense contribution towards the fight against the deadly Ebola Virus Disease (EVD) in the country

Nedbank’s Financial strength lowered to BBB, says Capital Intelligence

Credit rating agency Capital Intelligence (CI), announced on 18 February that it has lowered Nedbank Limited’s Financial Strength Rating (FSR) to 'BBB' from 'BBB+', and affirmed the Outlook for the FSR at 'Stable'

Barclays Africa seeks Nigerian investment banking license

The financial intermediation sector in Africa is booming; Nigeria's economy will probably expand by 4.8% this year according to the IMF

SA banks are still paying for Abil's collapse

Higher spreads may be here to stay - credit analyst at Standard Bank.

IMF extends credit facility with Guinea on urgent budget needs

Following its fifth review of Guinea’s economic performance under its Extended Credit Facility the International Monetary Fund Board enabled the immediate disbursement of SDR 45.135 million, bringing total disbursements under the arrangement to SDR

EIB’s largest African lending programme launched with PTA Bank

European Investment Bank (EIB), Europe's long-term lending institution, and East African-based regional development body, PTA Bank, launched a new EUR 160 million lending initiative

European Investment Bank launches lending program in Africa

EIB Vice-President Pim Van Ballekom said the new program reflects a shared commitment to support private sector in Africa

Ecobank 'imperils Africa's stability'

Nedbank CEO Mike Brown said that when his bank took a stake in Ecobank it recognised "that early stage markets will experience diverse challenges".

Ecobank rejects $26.6m awards to ex-CEO

The awards were made against ETI by two separate court decisions

IMF Says Ecobank Major Threat to African Financial Stability

Ecobank Transnational Inc., a lender with operations across much of sub-Saharan Africa that is embroiled in a court battle with its former chief executive

South Africa: Standard Confirms Sell of Its London Operation

Proceeds of the transaction will be deployed in furthering the group's growth strategy in South Africa, and across the African continent, subject to necessary approvals.

ICBC Acquires 60 Percent of Standard Bank’s U.K. Business

The price is $75 million or 10 percent less than Standard Bank, Africa's largest banking group by assets

Investment Banking