Managers of Wealth Africa

TymeBank nearly at 500,000 clients, ARC Investments says

The digital bank was launched in February and operates via kiosks at Pick n Pay and Boxer Stores

NBK boss's pay rises to Sh50m as woes deepen

The higher pay recorded last year represents a figure seven times the troubled NSE-listed bank’s profit in the period under review.

Only KCB takeover can save NBK, says governor

NBK isn’t a small institution and letting it collapse will be disastrous to its over 650,000 customers and the financial sector at large,” Dr Njoroge told the Finance and National Planning Committee of the National Assembly.

We're engaging BoG on forex issue - Barclays Bank assures prestige customers

Barclays in a statement copied to Myjoyonline.com said: “For over 100 years, we have contributed significantly to the growth of the financial sector and Ghana's economy.”

NBK deal to raise State’s stake in KCB to 28pc

This will cement the Government’s control of KCB where the rest of the shareholding is highly fragmented across institutional and individual investors.

All the Standard Bank branches closing in South Africa

“We’re aligning our retail and business banking services so that you can bank at any time, from anywhere. In the process of making these changes, we will be closing several branches.”

Meet the South African bosses who earn around R140,000 a day

By comparison, Capitec CEO Gerrie Fourie was the highest paid boss taking home R56.6 million in 2018.

Buhari commends Ecobank’s Financial Inclusion drive

We have a number of debtors both corporate and individuals, and we need to put in place a framework to ensure that people do not just take loan and not pay pack.

Standard Bank made to go a little bit greener

Just Share executive director Tracey Davies said the motion had received far more support than expected.

Dealers seek better risk management for banks

Improve risk management tools to better serve the opening-up of the financial services sector towards global competitiveness – effectively deployed, will mitigate the risks to which market operators including governments are exposed to,” it sa

NBK top officials face the sack in takeover deal

He told KCB shareholders the decision to acquire the ailing bank is backed by good reason and a risk analysis, which has established that NBK has great potential but is weighed down by a series of bad decisions by the management and the perennial defaulte

Access Bank Supports SMEs

The programme which in Port Harcourt, had in attendance a lot of SME operators, according to a statement from the bank.

Bank mergers the in thing now in TZ

Tanzania Institute of Bankers executive director Patrick Mususa said merger and acquisition was good to banking because it consolidate businesses, while increasing protection to deposits, which accounts for nearly 80 per cent of the industry’s asset

Barclays CEO’s annual pay hits Sh100 million

The Nairobi Securities Exchange-listed firm made the disclosure in its 2018 annual report, which shows Mr Awori’s pay increased from Sh89.5 million earned in 2017.

GCB Bank to extend service to other West African countries

GCB Bank Limited, the statement said, was set to introduce new products as part of efforts to expand its operations, promote digitisation and improve the quality of service it rendered to customers and the public.

Kenya’s retail banks post low first quarter earnings

Equity Bank, which has operations in Tanzania, Uganda, Rwanda, South Sudan and the Democratic Republic of Congo, recorded the highest drop in net earnings

African Bank adds 12,000 retail banking accounts on launch

The group added that it is taking a stricter approach to credit underwriting, targeting lower risk customers.

Ghana Commercial Bank is planning to expand its operations into the West African countries

The Bank is also exploring with a foreign partner to form a joint venture to provide insurance products.

Stanbic Bank gets higher Moody’s rating

According to Moody’s, the resilience in Stanbic Uganda's profitability reflects South Africa’s Standard Bank Group Ltd’s strong banking of the franchise in Uganda

CBK needs to get better ways of unlocking MSME lending

The loans will be accessible through a mobile phone application with limits ranging from Sh30,000 to Sh250,000

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