Managers of Wealth Africa

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.

Southern Africa records growth in merger and acquisition deals

The latest report this week by Thomson Reuters declared that the outbound merger and acquisition year-on-year growth figures for 2015 are “the highest annual period in any given year.”

FCMB Anticipates Lower Profit for Third Quarter of 2015

The audited results will be released on the Nigerian Stock Exchange and to the investment community upon conclusion of KPMG’s audit

Old Mutual shines as Sanlam fades

OLD Mutual strongly outperformed rival Sanlam last year

Ecobank profits down five percent

In the period under review, the group’s profit before tax stood at $398 million down two percent from $408 million recorded in the corresponding nine months.

Investments in new services and innovation drive KPMG's Global growth

Investments in new services, acquisitions and strong growth across core services drive fiscal year (FY) revenues of US$24.44 billion Multi-year, US$1billion investment program in data and analytics (D&A) and new technologies continues, driving enhance

South Africa Banks Extend Plunge as Zuma Turmoil Drives Up Costs

Barclays Africa Group Ltd. slumped as much as 19 percent, the most since January 2002.

S. Africa Banks Fall by Most Since 2008 on Nene Firing Shock

Zuma late Wednesday removed Nene from his post after 19 months

ESG