Managers of Wealth Africa

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.

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.

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