Managers of Wealth Africa

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.

UBA Group wins CEO, Bank of the Year awards

Receiving the awards on behalf of the bank, UBA’s Executive Director, Mr. Ayoku Liadi

Afreximbank still plans IPO in London, Oramah says

The bank’s interest in IPO has “not gone away”, Afreximbank Chairman Benedict Oramah said at the African Investment Forum in Johannesburg.

Tech puts over 12,000 bank jobs on the line

“The decrease in clerical and secretarial staff could be as a result of continued automation of banking procedures and processes,” says the regulator.

Equity bank net profit up 10.3 pc

The bank says though the lifting of interest rates cap will boost its loan book

Ecobank adopts Growth Strategy, targets strong ending for 2019

The Ecobank group in August 2019 appointed a new consumer banking head as well as chief financial controller to drive deposit and manage its finance.

Banking crisis partly to blame for collapse of some fund managers — Securities Industry Association

According to the association, while poor governance and ethics played a part in this industry’s current challenges, the banking sector clean-up was the final trigger causing the liquidity challenges that some firms face

BoU hands license to Absa Uganda to formalise name change

Absa’ was chosen as the future brand after wide consultation with employees and stakeholders across the group’s operations over a period of about a year.

Retail Banking