Managers of Wealth Africa

Nigeria’s Guaranty Trust Bank profit gains as loans falter

Guaranty Trust Bank Plc, Nigeria’s largest lender by market value, said first quarter profit climbed 14.92 percent after loans and advances faltered

African Bank’s Lending Unit Says First-Half Losses Narrowed

The lending unit of African Bank Investments Ltd., which failed in August, said losses for the six months ended March narrowed from a year earlier as efforts to re-establish a viable company continue.

NBK says assets growing at 33 per cent, clears air on Chief Finance Officer

National Bank of Kenya said on Thursday its assets are growing at a rate of 33 per cent, and profits at 45 per cent- which is faster than the target set by the strategy responsible for its ongoing transformation to get the bank into the Tier1 bank club by

Stock Tripling Shows Why New FirstRand CEO Won’t Change Tack

FirstRand Ltd. stock has more than tripled in five years, outpacing competitors among South Africa’s largest banks

Shareholders of pan African bank laud the Group's strong performance

Ecobank shareholders have hailed the bank’s performance for the year ended 31 December 2014, which saw rake in of USD24.2bn in total assets and USD2.7bn in total equity.

Afreximbank announces $5bn asset growth

The outgoing President of the the African Export-Import Bank (Afreximbank) , Mr. Jean-Louis Ekra, says that the total assets of the Bank grew more than 10-fold from about half a billion dollars in 2004 to over $5 billion in 2014

Peregrine dividend hike cherry on top

The specialist financial services conglomerate Peregrine Holdings have topped what has been a sterling financial year with a 50% hike in dividends and a strong pipeline of potential acquisitions

Bailed-out African Bank warns of more losses

African Bank said it lost 9.3 billion rand in the year ended September 2014

ICIEC export credit and investment insurance surges 29 per cent

The Islamic Corporation for the Insurance of Investment and Export Credit, a member of the Islamic Development Bank, facilitated $4.3 billion of exports and investments for its member countries

Alexander Forbes retail card lifts profit

Analysts said the results were "according to expectations" and "solid", but that Alexander Forbes traded at a high valuation.

Kenya's Diamond Trust Bank Q1 profit up 10 pct

Kenya's Diamond Trust Bank increased first-quarter pretax profit by 9.5 percent year-on-year, helped by a growth in lending net interest income

Standard Bank expenses rising higher than income

Standard Bank Group said on Thursday that it had grown income satisfactorily in the first four months of the year

Al Baraka Bank Tunisia doubles its net income to $2.1m in 1Q 2015

Al Baraka Banking Group is licensed as an Islamic wholesale bank by the Central Bank of Bahrain

Barclays Kenya first quarter profit jumps 10pc, helped by increase in interest income

Net loans to customers rose seven per cent to Sh125 billion

Ecobank reports $520 million pre-tax profits for 2014

Tier 1 capital ratio under Basel I was 18.3 per cent and total capital adequacy ratio was 20.4 per cent.

Ramos firmly back in control of Barclays Africa

This week’s Barclays Africa’s annual general meeting served to illustrate how CEO Maria Ramos has taken control of the group after a turbulent phase of recovering from the recession

The new scramble for Africa starts in Dubai

From multinational HQs to selling secondhand vans, the Gulf state is racing to profit from the continent’s renaissance

Investec CEO: We are in the best shape since the mid-2000s

The group's wealth & investment business also saw operating profits jump 19.2%

Kenya Banks Got Sh2.4 Trillior in Deposits From Jan to March

As at March 31, 2015 there were 16 commercial banks that had contracted 34,381 active agents

Investec SA reports 10.2% rise in FY profit: Stephen Koseff – CEO, Investec

‘We’ve got a much cleaner business, and we can focus on building as opposed to fixing.’

ESG