Managers of Wealth Africa

Sidian raises Sh3.7bn to shore up capital

The bank’s chief executive Chege Thumbi said Sidian also signed an agreement to receive another €1.5 million

Bank of Baroda updates on South Africa Operations

Bank of Baroda Senior Management has taken cognizance of the issues appearing in the media.

Barclays Bank posts Sh6bn profit before rebrand cost

“To ensure the financial performance is comparable and to report the progress on the underlying business, Sh910 million has been reported as an exceptional item relating to the spend on transition to Absa,” said Barclays in a statement yesterd

NBK targets Sh22 billion asset auctions over unpaid loans

Paul Russo, the NBK managing director who was tapped from KCB to oversee the integration

Leveraging merger synergy for higher performance

The results summarised the significant improved performance, reflecting the positive impact of the merger.

FNB launched its zero-fee bank account ahead of Bank Zero - here’s how it compares to other entry levels accounts

The account’s launch is ahead of former FNB CEO Michael Jordaan’s Bank Zero which also promises zero monthly fees.

Equity Group to acquire 66% of Congolese bank

‘It is a further step towards the delivery of its vision of building sub-Saharan Africa’s premier financial institution.”

Zimbabwe central bank reverses policy

Halves key rate to 35%.

Commercial banks begin marketing loans to customers

President Uhuru Kenyatta has criticised commercial banks lending policy “which profiles small enterprises as “high risk” to deny them credit.”

Equity Bank nets Sh100bn of diaspora remittances

“We were not greedy…it is not about how much we charge. Commissions are not the focus, but rather the focus is access to foreign exchange,” said Mr Mwangi at Equity’s quarter three investor briefing on Tuesday.

Wunderman Thompson wins Standard Bank Specialist Digital business

The agency’s ability to maintain its high ground in the face of this is a testament to a business that is leading the way in its proficiency to leverage the digital tools available to modern marketers.

Banks indecisive over ATMs as alternative convenience points

Today, modern ATMs offer a wider range of services — including cash and cheque deposits and cardless transactions such as M-Pesa withdrawal.

Standard Chartered Bank lends KShs 6.3bn to SMEs in 9 months

Mr. Ngari said theexisting loan facilities will not be repriced following the repeal of the interest rate cap.

Exim expands, buys all of UBL business

Bankers see the new expansion as an opportunity for Exim Bank to increase its presence across the country.

Bank subsidiaries record 31.5pc growth in profits

Central Bank of Kenya (CBK) data shows Rwanda had five subsidiaries with 56 branches in contrast with Uganda’s seven units with a branch count of 104.

African Development Bank President Akinwumi Adesina’s take on the landmark signing

African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa product

African Development Bank Group becomes a shareholder in Africa Finance Corporation

The Bank Group’s investment in Africa Finance Corporation (AFC) will enable both institutions to accelerate infrastructure development and delivery on the continent

Equity boss drops quit plans as profits up 12pc

Mr Mwangi had recently talked of leaving the bank’s executive suite to join its foundation—which is the social arm of Equity Group.

Bank subsidiaries record 31.5pc growth in profits

Central Bank of Kenya (CBK) data shows Rwanda had five subsidiaries with 56 branches in contrast with Uganda’s seven units with a branch count of 104. Tanzania had six subsidiaries with a network of 76 branches.

Co-op bank records Sh15.4 billion pre-tax profit in third quarter 2019

The total operating income grew by 9 per cent from Sh32.3 billion to Sh35.2 billion.

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