Managers of Wealth Africa

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

S.Africa's Investec posts 14 pct rise in H1 earnings as bad loans drop

South African bank Investec reported an expected 14 percent rise in first-half earnings on Thursday as it benefited from a drop in bad loans and a boost in assets under management.

Barclays Bank of Kenya posts 11 percent increase in net profit

Managing Director Jeremy Awori said the bank's focus in the coming year would be on accelerating growth.

Investec braced for rand headwinds

Investors should brace themselves for currency-induced pain when South African asset manager and specialist bank Investec releases half-year figures on Thursday 20 November.

Coronation Fund: 38% surge in profits announced

Over three days, Coronation cut its stake to less than 9 percent from 22 percent.

Peregrine Holdings achieves 43% HEPS for six months

Peregrine Holdings Ltd has continued the good performance achieved during the 2014 financial year.

KENYA: Co-Op Bank Posts A 2.5% Increase In Pretax Profit

Financial services firm, Co-operative Bank of Kenya has reported a marginal increase in its pretax profit for the first nine months of 2014.

Ecobank Grows Profit by 31%

In a period when shareholders have seen disappointing results from companies, Ecobank Transnational Incorporated has reported an increase of 31 per cent in profit after tax for the nine months ended September 30, 2014.

ESG