Managers of Wealth Africa

Banque Misr achieves highest net profit in its history

The bank’s net profit reached EGP 4.2bn in FY 2014/2015, compared to EGP 2.5bn in 2013/2014, with a 66.3% growth rate after paying EGP 3.616bn in taxes

Investec Sees Operating Profit Little Changed on Rand Impact

Investec, which also has operations in Australia, makes the bulk of its operating profit in South Africa, where the rand has dropped 19 percent against the pound

GTB maintains stable earnings growth despite slowdown

While revenue growth was generally stunted in the year, operating costs grew and only exceptionally good management could still achieve any growth in profit in the year.

Moroccan bank BCP posts 14.4 pct rise in 2015 net profit

The increase was due to structural changes in the company

GHANA: Banks record losses in 2015

It posted an interest income of GH¢447.8 million in 2015 compared with GH¢393.2 million the previous year.

Standard Bank’s focus remains firmly on Africa

The banking group is not perturbed by headwinds.

CfC bets on Juba stability to reverse profit fall

The bank is among four Kenyan lenders with exposure in the southwest-neighbouring country that descended into intense civil unrest in December 2013

Standard Bank Profit Bolstered by Asset Sales

South African-based lender looks to focus on the fast-growing African financial-services sector

NIC bank reports profit after tax of Sh4.5 billion

Total operating income for the year grew by 19 percent to Sh13.8 billion compared to Sh11.6 billion the same period the previous year.

Nedbank improves on client gains

Nedbank is seeking growth in the rest of the continent as its home market in South Africa struggles to avoid a recession and a credit-rating downgrade to junk.

Barclays reveals restructuring plan, to exit Africa as profit falls

It would then concentrate two divisions - Barclays UK and Barclays Corporate and International.

South Africa's Standard Bank Sees FY Profit Up 30 PCT

Headline earnings per share is the main profit gauge in South Africa and strips out certain one-off items.

Standard Bank Sees Full-Year Earnings Rising as Much as 35%

Standard Bank Group Ltd., Africa’s largest lender by assets, said it expects to report that 2015 profit increased by as much as 35 percent because of reduced losses at its international operations.

Diamonds to snap back, says Standard Bank

The diamond industry’s ability to adapt to demand means it will be one of the first commodity markets to recover

Pan African profit up 129% on rand gold price

The average rand gold price increased nearly 12% to R485,215/kg during the interim period

South Africa's Standard Bank sees FY profit up 30 pct

South Africa's Standard Bank said on Wednesday its full-year profit would rise by up to 30 percent higher, boosted by lower losses from discontinued operations outside Africa, sending its shares up.

Zenith Ghana’s profit dips

Total comprehensive income attributable to equity holders of the Bank was, therefore, GHS83, 076,943 as against GHS137, 400,065.

Ethiopia: CBE Registers Massive Rise in Profit

Moreover, new savings products are now becoming more popular, said Dereje Asegedew, acting communication head at CBE.

Cadiz boss banking on value trend

Most of the loss of assets was on the back of the poor performance generated from the previous team’s investment in African Bank

Tanzania: People's Bank of Zanzibar Profit Surges 50 Percent

The bank, established five decades ago, posted a net profit of 11.14bn/- for the year ending December 2015, from 7.13bn/- of same period 2014.

ESG