Managers of Wealth Africa

Prime Bank’s focus on bonds boosts profits 32pc

While interest income from loans fell from Sh2.2 billion to Sh1.9 billion, interest from government paper rose from Sh1.4 billion to Sh2.2 billion.

NIC profit flat on Sh255m merger costs

NIC Group managing director John Gachora said the merger with CBA was on course with significant progress having been made in securing the requisite approvals from various regulatory bodies in the markets they operate in.

Family Bank profit doubles on interest earnings in H1

Interest income grew 1.9 percent to Sh3.29 billion while non-interest income was up 4.5 percent to Sh1.3 billion helping the bank to post a strong performance in the half-year ending June 2019.

Nigeria’s Biggest Bank May Make Deals to Expand in East Africa

Guaranty Trust Bank, or GTB, already has operations in Kenya, Uganda, Tanzania and Rwanda, and will also consider ways of expanding existing businesses, he said.

Africa development bank says risks to growth ‘increasing by the day’

Uncertainty around Brexit and the trade war weighs on Africa’s growth prospects.

Africa is best place for investors – Afreximbank boss

The continent offers many investment opportunities that are yet to be exploited.

DTB net earnings jump 10.8pc as it moves to tame bad loans

DTB has proposed not to pay interim dividends as earnings from loans declined from Sh11 billon to Sh9.9 billion after it cut back lending to Sh190.7 billion from Sh198.2 billion in the first half of last year.

Nedbank Zim posts $14m profit

Nedbank Zimbabwe Limited posted a profit after tax of $14,3 million for the six months to June 30, 2019 amid economic difficulties being experienced in the country.

Expansion drive eats into Mayfair Bank half year earnings

The sector’s youngest bank which completed its second full year of operations this month

KCB makes 5pc net profit in first six months

KCB increased loans and advances to 478.7 billion shillings as at end of June this year up from 421.5 billion shillings a year earlier, which the lender attributed to strong lending to retail and corporate customers.

Barclays Bank Uganda starts rebranding to Absa

The bank will still be known as Barclays until the entire process is officially concluded with legal and regulatory milestones to achieve before a final announcement, he said.

Banking sector results: big banks play catch-up

Standard and Nedbank have been saved by growth in Africa, but moribund SA makes them vulnerable to new players

KCB half year profit up 5pc to $122 million

This is something we are looking at keenly to deliver a robust second half performance,” Group Chief Finance Officer Lawrence Kimathi commented Thursday during the release of results in Nairobi.

Kenyan bank eyes representative office in China

The proposed Beijing office will not undertake any banking activities but will seek to provide a platform for Chinese investors who want to establish presence in Kenya, he said.

Victoria Bank gets Sh1bn funding

Through its four branches in Nairobi, Victoria Commercial, which commenced its operations in 1987, targets small and medium-sized enterprises, reached more than 800 borrowers and around 2,300 depositors in 2018.

KCB Group First-Half Profit Jumps 5% on Higher Interest Income

That matched estimates by African Alliance Securities Kenya.

African Bank’s MyWorld account offers shared banking to South Africans

MyWorld meets family and community banking needs

Old Mutual partners TNM Mpamba on premium payment

Mphatso said the new service represents an extension of the partnership between TNM Mpamba and Old Mutual dating back to 2016

Absa's push to regain its former market reaps rewards

The group reported that its largest division, Retail and Business Banking South Africa (RBB SA) was showing faster than average market growth in key product areas

Absa’s Renewed Retail-Banking Push Pays Off as Profit Rises 5.4%

The improvement at its retail and business banking unit and its operations in 12 other African nations helped offset a drop in profit at its domestic corporate and investment bank.

Retail Banking