Managers of Wealth Africa

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.

How Access Bank Is Creating A New World Of Banking With The Accessmore App

The app was built out of the need to deliver to its customers, a world-class banking experience from anywhere and at any time.

Standard Chartered Uganda reports strongest profits since 2016

Albert Saltson, StanChart’s managing director, said it took “significant steps” to reshape its business by implementing “refreshed strategic priorities.”

Mauritius: African Development Bank lends €188 million for COVID-19 fight

The main aim of the Covid-19 Rapid Response Facility, established by the Mauritian Government, is to support the national response fighting the ongoing outbreak

Co-op Bank records flat profit in Q1

Banks expect reduced demand for loans in the wake of the coronavirus crisis, which has hit business activity in what will ultimately slow down lenders’ profits.

KCB Group posts a Ksh. 6.3 Billion net profit for the first quarter

The rise in profitability was largely due to a 20.4 percent rise in interest income to Ksh.

Ghana Banks Heading for Lowest Profit Since End of Cleanup

While Ghana became the first African country last month to ease restrictions on citizens

Equity Group restructures customer loans

Clients who can demonstrate the impact of Covid-19 on their businesses and soundness of their business model in the new normal will get reprieve of loan rescheduling and refinancing with up to an additional three years of repayment.

KCB records 8.4pc growth in first quarter net profit

The earnings included the performance of the newly-acquired subsidiary, National Bank of Kenya (NBK), whose net profit more than doubled to Sh154.9 million from Sh66.2 million over the same period.

Investec : Results for the year ended 31 March 2020

The prior year has been restated to reflect a like-for-like basis aiding comparability between periods.

Driving Financial Inclusion in Nigeria

Adegoke Adegbami, CEO of Mainstreet Microfinance Bank, discusses how digitisation and a customer-centric attitude are critical to extending financial access to all

Land Bank faces credit crunch due to Moody's downgrades

When Moody's downgraded SA's sovereign rating in March into "junk," Land Bank was further relegated into sub investment grade.

ACI Worldwide to drive payments transformation for South Africa’s ACS, a division of Altron

Leading South African processor and technology company to leverage ACI’s UP Retail Payments.

Zimbabwe: Zim to Benefit From Standard Chartered Us$11,8m Package

Eight African markets to receive the Red Cross support include; Botswana, Cameroon, Kenya, Nigeria, , Sierra Leone, South Africa, Tanzania and Zimbabwe.

Pointbreak Money Market Fund resilient in volatile markets

Bank deposit rates have continued to edge lower because of market conditions and excess cash liquidity in the banking system. There is a possibility that the bank rate drops again this year.

A waiting game for banks as job losses threaten unprecedented credit losses

Debt counselling company DebtBusters says people already under debt management have been asking their creditors for more debt restructuring.

Reserve Bank expected to cut interest rate to near 50-year low this week

The Reserve Bank has already joined the world's leading central banks in aggressively cutting interest rates and increasing bond purchases in an attempt to shore up liquidity.

Fidelity Bank PLC: Frail earnings outlook but valuations still attractive

Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage a significant deterioration in Fidelity Bank’s asset quality.

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