Managers of Wealth Africa

Barclays Kenya 2014 pre-tax profit rises 10pc

Barclays Bank of Kenya said pretax profit rose 10 per cent to Sh12.3 billion in 2014

Morocco's Bank BCP posts 12.5 pct rise in 2014 net profit

The bank said in a statement on Friday that net profit attributable to shareholders rose to 2.2 billion Moroccan dirham ($224.9 million), although the profit rise was held back by an increase in provisions for bad loans.

Zenith Bank announces N119.79bn pre-tax profit

Earnings per share was up by 4.98 per cent to N3.16 from N3.01

Sanlam posts 27% growth in FY2014 profits

The Group also announced a dividend of 225 cents per share

Standard Bank 2014 Profit Rises 10% on Rates, African Growth

Earnings per share excluding one-time items increased 1 percent to 10.70 rand, missing the 10.97 rand median estimate of 13 analysts surveyed by Bloomberg.

Barclays Africa hopeful to meet financial commitments

The Group has never been in a stronger position than it is today

Nedbank’s BEE share shrinks

Standard Bank is expected to announce details this week of an empowerment deal which has matured in December.

Old Mutual seeks growth from existing businesses as profits jump

Financial services company Old Mutual is to focus this year on getting value from its existing businesses after reporting a 16 percent rise in 2014

Kenya Commercial Bank Profit Climbs 17%

Kenya, East Africa’s largest economy, expanded by 5.3 percent last year

Liberty full-year profit little changed amid Stanlib redemptions

Liberty Holdings Ltd., the insurer controlled by Standard Bank Group Ltd., said full-year profit was little changed after margins on new business fell and its asset management unit Stanlib experienced withdrawals.

Liberty on track to diversify earnings, says CEO

Growth in the rest of Africa is also expected to contribute to diversifying earnings.

Nedbank posts 14% profit gain

Nedbank Group, the South African lender controlled by Old Mutual Plc, said full-year profit gained 14% after credit losses declined and customers repaid loans.

Rwanda's Bank of Kigali posts 21 percent rise in FY profit

The bank's total assets grew 14.3 percent to 482.6 billion francs.

Ethiopia: Government Financial Institutions made 6.28 Billion Birr

The four state owned financial enterprises have earned a total of 6.28 billion Birr during the last six months of the fiscal year

IDBI Bank Q3 net flat

NPA of the bank rose to 5.94% of total advances

Commercial Bank of Africa Group eyes accelerated growth

Kenya’s largest privately owned bank, CBA Group, has listed its maiden Medium Term Note in the Nairobi Securities Exchange as it seeks accelerate its Pan-African growth agenda.

Rwandan banks' shareholders earn little from investment

For the last 20 years, the number of commercial banks in Rwanda has grown significantly, from three in 1994 to ten in 2015.

Banking sector profitability falls

Banking sector profitability in the nine months to September declined 18 percent to ,35 million from ,93 million reported in the comparable year ago period.

Atlas Mara Increases Stake in Union Bank

Atlas Mara has successfully increased its stake in Union Bank of Nigeria Plc to 29.9 per cent.

Exponential increase in assets continues in Mozambique’s banking sector

The increase comes on the heels of other double-digit growth

ESG