Managers of Wealth Africa

State Bank of India to lend to SA firms

India's largest bank, the State Bank of India, plans to lend R6bn to businesses in South Africa over the next two years, growing its loan book to about R10bn.

BRICS bank not aimed at challenging IMF, WB: RBI Governor Raghuram Rajan

"I don't think it was primarily meant to challenge the existing multilateral institutions but it certainly is saying look we have plenty of money ourselves"

UBA named ‘best transaction bank’ in Africa

The United Bank for Africa Plc has been named the ‘best transaction bank’ from Africa in 2014 by UK based magazine -The Banker.

Atlas Mara to buy rest of bank group

A prospectus will be issued around September 15, according to Mr Munatsi, after which ABC will become a private company and subsequently delisted from the Botswana and Zimbabwe stock exchanges.

Bob Diamond venture pays $270m for Africa bank stake

Atlas Mara ups stake in Union Bank of Nigeria to 29.9pc as it attempts to profit from African growth

Standard Bank eyes West Africa

Ivory Coast operations to be developed into a regional hub - West Africa MD.

Zimbabwean central bank calls for change as investment slumps

The news came as Mr Mugabe, Africa’s oldest leader at 90 who held onto power in disputed national elections last year, started a trip to China aimed at luring investment in the nation’s stagnant economy.

Angolan groups target telecommunications and banking sector in Cabo Verde

The Cabo Verde Prime Minister, José Maria Neves, recently announced a protocol between the government and Unitel T+, which included offering a smartphone to every worker in the public sector, a Unitel T+ customer, and management of the database cre

Equity Bank’s investment arm to collaborate with Exotix Partners

Kenya’s Equity Investment Bank, the investment arm of Equity Bank Group, has announced a collaborative agreement with London-based global investment services firm Exotix Partners LLP, as part of its market development strategies.

Abil burns development investor

Global giant IFC’s 1.5% stake in Abil gets crushed.

Equity Bank enters deal to boost global visibility

Equity Investment Bank has entered a new partnership to allow it gain international visibility.

Ecobank sinks $120m into Zimbabwe

Pan African bank, Ecobank Zimbabwe says it has extended and deployed $120 million in lines of credit harnessed from within the Ecobank group and external financiers to support both the local corporate world and government programmes.

Zimbabwe: UAE Firm Seeks Funds to Start Ops

The company has already obtained an investment licence from the Zimbabwe Investment Authority to start its operations but the bank has been submitting funding approvals from shareholders and other relevant authorities.

Standard Bank takes $80 mln hit on suspected China fraud

South Africa's Standard Bank said on Thursday it took an $80 million writedown from its exposure to a suspected metal financing fraud in China.

German bank expands credit line managed by BNI in Angola

The 40 million euro credit line opened in 2013 by Germany’s Commerzbank in favour of Angola’s Banco de Negócios Internacional has been increased to 70 million euros

CRDB's Indian desk bridging Tanzania, New Delhi businesses

CRDB Bank has launched a special banking platform for Indian business communities’ that will allow them to utilize the banks numerous financial facilities without necessarily having to open accounts with the bank.

Nedbank’s Corporate Property Finance Division head retires

Who is also independent non-executive director of JSE-listed property funds Sycom and Acucap, made steady growth on Nedbank’s loan books.

African Bank group CEO steps down

Disbursements for nine months ended june 2014 declined to r14.1 billion, 20% lower than disbursements of r17,7 billion for comparable period

Standard Bank: investment key to closing Africa’s energy gap

The strategic partnership has already seen both companies commit to a US$ 350 million financing agreement

Standard Bank’s Kenyan Unit Targets Top Three Rank in Country

Standard Bank Group Ltd. (SBK)’s Kenyan unit is targeting becoming one of the country’s three biggest lenders and may make acquisitions to achieve that goal, the division’s chief executive officer said.

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