Managers of Wealth Africa

Five SA banks cut deeper into junk by Fitch

The lenders face multiple challenges including “a decline in client activity, lower interest rates, which will put pressure on margins, and rising credit losses.”

Absa launches extensive COVID-19 payment relief programme

These relief measures apply to Absa’s corporate, wealth, business bank, private bank and retail customers.

Absa launches extensive coronavirus payment relief programme

These relief measures apply to Absa's corporate, wealth, business bank, private bank and retail customers.

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

Landmark transaction, largest Social bond transaction to date in capital markets

Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019

The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018

I&M bank net profit up 26.6pc to Sh10.76 billion

The net earnings makes I&M the fourth most profitable bank in Kenya after KCB (Sh25.1 billion), Equity (Sh22.6 billion), and Cooperative Bank (Sh14.3 billion). Standard Chartered comes fifth at Sh8.2 billion.

South African banks to remain open throughout nationwide lockdown

Foreign ATM fees will be waived, but banks are encouraging internet banking solutions during the lockdown.

More banks offer COVID-19 financial relief

Part of their dedication towards SMEs will include assisting with stabilising cash flow as well as customers who need to cover unexpected expenses during this difficult time.

Afreximbank creates $3 bln pandemic credit facility for Africa

The pandemic is expected to strain Africa's under-equipped health systems.

Fidelity Bank profit rises 21% as PBT hits N30.4bn

Savings deposits now accounts for about 22.5% of total deposits

Absa posts flat profit growth on cost of rebranding

The last month has seen the Group, with headquarters in South Africa, engaged in rigorous campaigns as it rebranded to Absa Group after the former parent company Barclays Plc

Nedbank, FNB join Standard in offering to help the financially distressed

The lender said it could assist the SMEs to stabilise cash flow and consumers who wanted to cover unexpected expenses.

TymeBank signs up 4 000 new customers per day

The bank says it is well-positioned within the South African banking sector to implement its “unique” low-cost banking fee model, as well as customer experience value propositions.

Cooperative Bank net profit increases to Ksh 14B

However, the lender increased investment in Government securities by 46.8 per cent to Ksh 117.8 billion.

Seychelles: African Development Bank Supports Blue Economy with $800k Fund for African Private Sector Assistance (FAPA) grant

The country’s Blue Economy Strategic Policy and Road map prioritizes the development of new and emerging maritime sectors

Retail Banking