Managers of Wealth Africa

Capitec looks solid for the long haul

Capitec, in particular, saw its share price fall as some shareholders considered African Bank’s demise to be evidence that the business model was fatally flawed

Kenya: HF Quarter One Profit Remains Flat

Housing Finance Group net profit was nearly flat during first quarter of the year despite its banking arm recording increased business volumes.

Nigeria: Fidelity Bank's Q1 Profit Rises to N4.7 Billion

Fidelity Bank Plc has announced a profit before tax of N4.7 billion for the quarter ended March 31, 2015. This represents an increase by 5.6 per cent, compared with the N4.4 billion it realised in the comparable period of 2014.

Equity Bank Registers Positive Returns in Q1

Investments in growing its agency banking resulted in a solid transactions growth at its over 19,000 agents.

Kenya: Co-operative Bank says first quarter pretax profit jumps 30 percent

The Co-operative Bank of Kenya reported on Wednesday a 30 percent jump in first quarter pretax profit to 4.50 billion shillings ($48 million), helped by a rise in interest income.

Nigerian top three banks assets hit N11.6tr

Nigeria’s three most capitalised banks now have more than N11.6 trillion in total assets, according to latest earnings released by the financial services authorities.

Bank of Zambia Sees ‘Big Challenge’ in Meeting Growth Target

Zambia faces a “big challenge” in meeting its 7 percent growth target for this year because of sluggish production in mining and agriculture, said Denny Kalyalya, governor of the southern African country’s central bank.

Nigeria: Stanbic IBTC Records N130.6 Billion Gross Earnings

The bank's profit after tax grew by 54 per cent to N32.1 billion, as against the prior year's N20.8 billion

First Bank Group grows Q1 earnings by 24 per cent to N126.8b

FBN Holdings Plc has posted gross earnings of N126.8 billion, representing 23.5 per cent rise yearonyear, in its unaudited results for the first quarter of 2015 financial year ended March 31, against N102.6 billion of the corresponding period of

Nigeria: Zenith Bank Posts N113 Billion Turnover, N27 Billion Profit

Zenith International Bank Plc has posted a turn over N113 billion in its first quarter (Q1) operations, against N94 billion recorded in the corresponding period in 2014.

ETI Builds Up Capital, Opts for Bonus Issue

Responding to THISDAY's enquiries on why a cash dividend was not recommended, sources close to the board of the bank said it is building capital for further growth.

Nigeria: Access Bank Grosses N76.7 Billion in Q1

Also, the bank's Profit before Tax for the quarter rose by 21 percent

Sterling Bank Records N3.9bn Profit in Three Months

Meanwhile, the Nigerian equities market remained bearish for the second consecutive trading day of the week

Nigeria: Union Bank Records N135.9 Billion Gross Earnings in 2014

Profit before tax grew from 3.77 billion to N27.7 billion in 4014

Pan-African banking group Ecobank says 2014 pretax profit up 144 pct

The bank did not give a reason for the increase in earnings.

Indicators show solid growth for Barclays Africa

Barclays Africa has announced positive financial results for 2014, revealing steady growth in all sectors

Nigeria’s Stanbic IBTC Holdco Q1 pretax profit falls 46 pct

Naija247news recalls that the Central Bank of Nigeria (CBN) has released exposure draft on guidelines for licensing and regulating holding companies

Nigeria: UBA Grows Profit By 35 Percent in Q1

United Bank for Africa Plc posted a growth of 35 per cent in its unaudited first quarter results ended March 31, 2015.

Standard Bank Mozambique posts profit of US$44.5 million in 2014

With an increase of 17 percent in equity, the bank saw customer deposits expand 8 percent, to US$1.082 billion

Tanzania: Bank M Registers Robust Q1 Profit

BANK M, the corporate and investment bank, has continued to shine after posting robust first quarter pre-tax profit increase of 48.4 per cent.

ESG