Managers of Wealth Africa

Spooked Standard Bank sheds 5% on flagged profit decline

Standard Bank intends to release another earnings guidance at a later stage once it is confident about the guidance ranges.

U.S., Nigeria Square Up for Tussle Over African Bank Chief

Largest shareholder Nigeria says fresh probe undermines bank

NC, CBA merger to create Shs548b bank

The merger is expected to give the two banks an edge that is likely to build a relatively large financial base

Nigeria’s Access Bank injects $9m into Rwandan subsidiary

Access Bank Plc owns 75 per cent shareholding in its Rwandan subsidiary

Access Bank to customers: beware of scams

Access Bank is imploring its customers to be wary of any message, demanding their personal or bank details

SBM Bank reports Sh66 million Q1 profit before tax

The growth in business has largely been achieved through growth in loans and advances and customer deposits, the lender has said.

Equity Bank Q1 profit drops 14pc to Sh5.2bn

Equity Bank, which has restructured Sh92 billion or 25.1 percent of its loan book due to the pandemic’s decided to recall proposed dividend payout of Sh2.50 per share or a total of Sh9.4 billion to conserve cash as the coronavirus bites.

Access Bank Urges Customers to be Wary of Scams

Because of the peculiar nature of the lockdown situation, people are exposed to all sorts of threats including financial that may sometimes come in different and unusual format.

CBK holds benchmark lending rate at seven percent

The banking sector remains stable, it said, adding that fiscal stimulus measures unveiled by the government would kick in strongly in the financial year starting in July.

OIGARA: KCB Group remains resilient even in the face of a difficult period

Under the prevailing circumstances it is a good performance.

Absa posts 3pc profit growth in first quarter

Absa’s mainstay lending business generated total interest revenue of Sh7.6 billion, a 2.7 percent increase from Sh7.4 billion the year before.

Access Bank urges customers to be wary of scams

Customers must remember that the Bank will never ask for their BVN, full card PAN, PIN, mobile app activation code, OTP or password as it is readily available to the Bank via its database.

SA Development Bank seeks loans to plug funding gap

The bank provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy.

Is Treasury killing fintech innovations?

Even in cases of credit guarantee schemes for MSMEs, the sector has had no energy to stimulate growth.

South Africa’s Development Bank Seeks Loans to Plug Funding Gap

The Johannesburg-based firm provides credit to government clients throughout sub-Saharan Africa in sectors ranging from information and communications technology to transport, water and energy.

Financial Institutions still the fastest growing sector in Nigeria

Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.

KCB Bank Kenya to acquire assets and liabilities of Imperial Bank

The decision to acquire Imperial Bank comes after KCB Bank received the necessary approvals from CBK and The National Treasury and Planning, earlier this month.

Ecobank names most innovative bank in Africa

Ecobank is named the most innovative bank in Africa at the eighth Global Finance annual awards, the Innovators 2020 honoring entities

Debt headache worsens as payments forecast to cross Sh1 trillion mark

Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.

National Bank breach of statutory capital in first quarter worsens

KCB first provided NBK with a Sh5 billion capital support in December last year after acquiring the subsidiary in a share swap deal.

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