Managers of Wealth Africa

UBA Mid-year Earnings Hit N167 Billion

The pan-African financial services group, United Bank for Africa Plc, has announced its audited 2015 half-year financial results.

Fortis microfinance bank taps Nigeria large market as earnings spike

Fortis Microfinance Bank (FMB) Plc has tapped into the large Nigerian market as half year earnings upsurge amid a tough operating environments crimping the growth of companies in Africa’s largest economy.

Pension fund withdrawals hurt Sanlam

Sanlam yesterday announced that two major pension funds had withdrawn a total of R13 billion of their funds managed by the group as the financial services group reported disappointing interim results.

Diamond’s Atlas Mara on lookout for more deals after swing to profit

It said it continued to “evaluate further acquisitions” to expand, and was still in talks to buy a substantial stake in Banque Populaire du Rwanda.

Standard Bank Namibia posts good results

Standard Bank Namibia Holdings produced a positive performance for the six months

Sterling Bank Grows Earnings By 12% In H1

Major highlights of the account showed that gross earnings rose by 12 percent to N55 billion.

Access Bank Grows Profit by 44 %

Similarly, non-interest income rose 101 per cent to N69.4 billion in 2015 from N34.6 billion in 2014.

Zimbabwe: MBCA Clients to Access Lending From Nedbank

It is news of direct access to relatively priced South African loans that may excite hundreds of MBCA Bank's struggling industrial customers currently enduring high interest rates in Zimbabwe of up to 30 percent.

Liberty First-Half Profit Rises 6.7% on Investment Income

The insurer increased the interim dividend 9 percent to 2.54 rand per share.

Old Mutual profit rises on U.K., S. Africa boost

Net profit for the six months ended June 30 rose to 260 million pounds ($405.5 million) from GBP213 million the previous year, funds under management climbed 7% to GBP335.7 billion and the interim dividend rose 8% to 2.65 pence.

Old Mutual's first-half profit boosted by African, funds units

Across the group it's been a very good first half

Equity Bank on a roll

Equity Bank’s earnings fell short of rivals Kenya Commercial Bank Group that last week reported a 13 per cent pre-tax profit to Sh13.2 billion.

Nedbank Profit Rises 16% as Earnings From Africa Increase

Earnings per share excluding one-time items rose 14 percent to 11.01 rand, beating the 10.97 rand median estimate of four analysts surveyed by Bloomberg.

FCMB Group Plc Posts Profit before Tax

The diversification of FCMB across commercial banking, investment banking and wealth management, provided some cushion as earnings from non-banking activities proved more resilient.

KQ flies into turbulence, posts biggest loss by a local firm listed in the stock market

The management of national airline Kenya Airways was yesterday at pains to assure investors of a turnaround in the carrier’s fortunes after announcing the biggest loss by a local firm listed in the stock market.

Nigeria's Skye Bank H1 pretax profit up 47.4 pct

Skye Bank's first-half pretax profit rose 47.4 percent to 10.71 billion naira, the Nigerian mid-tier lender said on Thursday.

Kenya Commercial Bank Group H1 2015 pretax profit up 13 pct

The bank reported pretax profit of 11.67 billion shillings in the first half last year.

Union Bank profit drops as CBN stringent rules bite

Analysts attribute the decline in profit to the stringent cash reserve requirements imposed by the Abuja based Central Bank.

KCB Group records H1 2015 pre-tax profit to KES 13.2 billion

KCB Group’s profit before tax grew 13 per cent in the first half ending June 2015

Barclays Africa winning back customers

The group’s local bank, Absa, has been bleeding customers over the past three to five years, losing in the region of a million clients annually.

ESG