Managers of Wealth Africa

Zimbabwe: Standard Bank Scoops Award

Standard Group Limited has won the Sustainable Bank of the Year award for Africa and the Middle East.

Societe Generale strengthens presence in sub-Saharan Africa

In Ghana, SGSS will provide custody of Ghanaian equities and bonds and a comprehensive foreign exchange and cash management service to a clientele of Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to

SocGen to ease African trade

The bank is now providing financial services - including import and export financing, bond issuances and bank guarantees - to its Chinese clients in Africa, especially in the northwestern part of the continent, Liu said.

Societe Generale Securities Services sets up in Tunisia

SGSS in Johannesburg already provides a comprehensive range of securities services in South Africa and now also covers Mauritius whilst in West Africa, SGSS will soon be expanding its presence to Ghana.

EFG-Hermes to slash jobs after QInvest deal collapses

EFG-Hermes Holding is cutting jobs as part of a plan to reduce costs after talks with Qatar's QInvest to set up the biggest Arab investment bank failed

Hermes-Qinvest deal at risk

Egypt's largest investment bank, has released a statement saying its merger deal with the Qatari company Qinvest may not be executed if the Egyptian Financial Supervisory Authority ( EFSA ) does not approve it before 4 May

EFG Hermes reports 8% year-on-year rise revenues

EFG Hermes, the leading investment bank in the Arab world, released its consolidated financial results for the full year 2012

Investec, Absa face bankers’ bonus cap

In 2011 the total remuneration awarded to Absa’s two top executives significantly exceeded the one-to-one ratio being proposed by the EU.

Morgan Stanley to offload EMEA-Based global stock plan services business

Based on the terms of the agreement, the transaction is likely to complete during the second quarter of 2013

Egypt regulator approves Qatar bank's offer for NSGB

Qatar National Bank said in December it would buy a 77 percent stake in NSGB held by French bank Societe Generale.

Crédit Agricole Egypt 2012 net profit up 53 per cent

Crédit Agricole Egypt’s 2012 net income after taxation of EGP 472.3 million compares with EGP 308 million in 2011, representing an increase of 53.3 per cent.

EFG Hermes Asset Management Receives Top Honours at MENA Fund Manager Awards - English

The recognition that we have received from MENA Fund Manager is an honour

Credit Agricole Egypt reports full year net profits up 54 per cent

Net interest income for FY2012 in line with our forecast

Emirates NBD to buy BNP Paribas's Egypt business

Emirates NBD will simultaneously offer to acquire the remaining 4.8% of BNP Paribas Egypt from its minority shareholders at the same price.

EFG Hermes named Best Local Investment Bank in Egypt

The award is a reflection of the milestones achieved by the Investment Banking team despite a difficult political and economic climate.

SocGen nears sale of Egypt arm to QNB

Both parts of the acquisition combined will value all of NSGB at about $2.6 billion

EFG Hermes eyes Turkey, Iraq, Libya after sealing JV

EFG Hermes announced its tie-up with QInvest in May and the deal should close this month

Qatar National Bank picks JP Morgan for Egypt buy: sources

SocGen, which recently sold fund management unit TCW, is being advised by U.S. bank Morgan Stanley Inc on the transaction, a second source said.

EFG-Hermes Q2 net profit down 66pc

The bank, which is planning a tie-up with Qatar's QInvest, reported net profit of 80 million pounds a year earlier.

Policy of caution : Uncertain time for banking in Egypt

However, while the newly elected president may have been sworn in and taken over the office of head of state, deep uncertainty lingers over how stable the political environment will remain.