Managers of Wealth Africa

Now is the time to lend more – Fidelity Bank Board Chair

Management of the bank attributed this development to lower funding costs and improved interest margins.

Fidelity Bank CEO talks merger plan, weighs in on telecoms-led PSB threat

Mr Okonkwo’s statement comes at a time industry players, Access Bank Plc and the now defunct Diamond Bank Plc, just consolidated to form the largest financial institution in Nigeria and Africa by customers.

StanChart scales down in Zimbabwe

According to a memorandum to workers written by StanChart’s head of human resources Audrey Mlambo, which is in our possession, the bank will soon retrench another 20 workers.

African Development Bank introduces ‘Souk Al-Tanmia’ in Morocco

The programme seeks to help finance projects selected from dozens of candidates from throughout Morocco to help them achieve their entrepreneurship dream.

Ecobank Promises to Sustain Impressive Performance

“Our capital levels remain adequate."

Okolea can now send loans direct to bank account

This shows digital lenders like Okolea have a role to play in deepening financial inclusion in the country.

Co-op Bank unveils property arm to firm up mortgage unit

The lender said the Property Hub will have physical premises in Nairobi to serve prospective buyers.

KCB Group makes merger bid for National Bank of Kenya

For KCB, whose other takeover offer for Imperial Bank has already been approved, the acquisition of National Bank would mean increased access to public-sector deposits.

UBA Grows First Quarter Profit after Tax by 21% to N29 Billion

Profit before tax was N30.157 billion in 2019, as against N26.555 billion in 2018.

Egypt’s CIB looks to east Africa for growth

Commercial International Bank has opened a representative office in Ethiopia, implementing its programme of expansion into east Africa.

Nigeria: President Buhari commends African Development Bank’s transformative role

At the end of March 2019, the Bank’s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion

NIC invests $3.5m more in Tanzania banking subsidiary

Besides the Tanzanian subsidiary, NIC also invested Ksh100 million ($1m) in its motor vehicle leasing arm NIC Leasing, bringing its total capital expenditure last year to Ksh450 million ($4.5m).

CBK recommends commercial banks to match customer needs

The report that was commissioned by the CBK shows that the country has made significant milestones

Ethiopia’s giant bank posts record high deposit of $14.5bln

The giant commercial bank was also able to obtain a total of $4.8 billion from remittance, export and others during the past nine months, the president said.

Credit Cards in South Africa: Slow Down, You Move Too Fast

Barclays was a dominant player with their Absa Bank but shrunk its ownership to just 16% after tangling with the Central Bank of South Africa.

KCB announces intention to acquire troubled NBK

Last year, KCB—the region’s largest lender by assets —posted a 22 per cent growth in net profit to Ksh24 billion

Egypt's PM Urges Opening Banque misr Branch in Somalia

Madbouli also expressed readiness to meet the needs of the Somali government regarding technical support, training and scholarships, in order to help Somali cadres who are capable of building their state to graduate.

40% of African bank customers prefer digital channels transactions — Report

It said banks can adopt one of four distinct digital strategies: The first is to digitally transform their existing operations, to increase their share of digital sales and transactions to beyond 60 to 70 percent on each measure, as Kenya-based Equity Ban

Banks’ Assets Rise to N39.0651tn

This amount is expected to rise further as recently released first quarter of Access Bank Plc, Zenith Bank and GTBank showed higher figures.

African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”

The Central Africa Regional Integration Strategy Paper for 2019 – 2025 builds on the lessons learned from the implementation of previous regional development initiatives

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