Managers of Wealth Africa

Mobile-Based Lending Is Huge in Kenya: But There’s a Downside Too

It is no surprise, therefore, that technology and unregulated lending have developed together so strongly in Kenya.

KCB sees drop in NBK- led dud loans next year

Bad loans at NBK have grown from Sh2.2 billion in 2012 to Sh32.4 billion by the June this year.

Kenyans with Sh100,000 in bank fall to 13-year low

The drop comes in a period when corporate Kenya has witnessed reduced profitability that has ushered in job cuts

Mobile-based lending is huge in Kenya: but there’s a downside too

These lending services have been made possible by the ballooning financial technology (fintech) industry.

Nigeria: Improving the Card Payment Space

Stakeholders in the card payment space have argued that despite the increased number of online payment gateways in Nigeria, market regulators have not made impressive efforts to mitigate the challenges caused by technology disruptions.

Union Bank Secures $200m to Fund SMEs and Women Initiatives

Union Bank has been consistent in providing innovative services where SMEs can access up to $20,000 per quarter for importation without opening Letters of Credit or Bills for Collection under the Form Q scheme.

Banks grapple with falling net interest income

Specifically, Zenith Bank’s H1’19 net interest income fell by 7.43 per cent to N142.52 billion from N153.96 billion in the same period of last year.

Stanbic Bank is CIMG Bank of the Year 2018

Commenting on the award, Chief Executive of Stanbic Bank Ghana, Alhassan Andani, said to be recognized as bank of the year in a year that was particularly turbulent for the banking sector is a huge endorsement.

Standard Bank scoops 9 awards at Sibos conference

Group Head of Transactional Products and Services for Standard Bank Group Hasan Khan said they were pleased to have received these awards which served as recognition of the lender’s Africa-focused strategy, and bears testament to their role in conti

Côte d'Ivoire and Kenya named rising stars of global trade

African economies come first and third in the Standard Chartered Trade20 Index, which identifies the markets with the greatest potential for future trade growth

GTBank announces close period ahead of Q3 2019 results

A close period is a period before the release of a company’s result or financial statement when of course, those with sensitive information are not allowed to trade on the stock.

Faulu plans Sh113m branch expansion

“Such partnerships facilitate scalable business models while leveraging economies of scale in our operations.” said managing director Apollo Njoroge.

Afrexim Bank to open East Africa branch in October

The agreement also guarantees Afrexim and its senior officials diplomatic immunity in dealings in Uganda.

CBK announces merger of CBA and NIC banks

CBA has been operational for over 50 years and is wholly owned by a group of institutional and individual investors with extensive business interests in Kenya and East Africa.

African Development Bank to host first West Africa Fertilizer Financing Forum

The Forum, “Fostering Fertilizer Future” will discuss the financing needs of the fertilizer value chain and appropriate financing products

First Bank targets 500,000 agents to boost banking

We have a very ambious plan to appoint about 500,000 agents across the nook and cranny of our country

Capitec is adding 200,000 customers each month

Dividends per share increased by 20% to 755 cents per share, from 630 cents per share in the prior corresponding period, the bank said.

Banking cleanup: Bawumia was right, BOG saved 4.6m depositors’ funds

Mr Gyese gave assurance that depositors who saved with these institutions will receive their locked up capital soon.

Capitec leaves rivals in the dust

Strong growth in clients, transactions, lending and earnings, despite a fiercely competitive market.

Zenith sets new standards for Ghana’s banking industry

In doing this, Zenith has combined the exemplary quality and standards of conduct required of international banks to compete successfully against both multinational and local banks here in Ghana as well as against banks in the various countries in which i

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