Managers of Wealth Africa

New bank offering digital financial tools opens in Seychelles

SBM offers retail, personal and corporate banking and anyone who wants to transact with the bank can do so right away after opening an account.

Africa’s Biggest Bank Is Getting More Bang for Its Buck From Staff

South African bank has been focusing on cutting its expenses

Barclays tops 2019 Ghana Banking Sector League

The 2019 Edition which was themed “A Recapitalized Banking Sector – A New Breeze for Value Creation” is the second edition for CUUFIS following the successful maiden report published in 2018.

Ghana: CBG Posts Profit Less Than a Year in Operation

These banks had liquidity challenges and the Bank of Ghana opted to revoke the licences of the said banks. CBG was established to salvage depositors' funds and to manage the aftermath of the banking sector shake-up.

Bawumia launches 'world's first' dual-purposed finance card

According to officials of GhIPPS, the card has been designed to give cardholders access to both funds on their e-zwich cards and in their bank accounts at the same time

Standard Bank first-half profit rises 4%

Operations in rest of Africa help compensate for slower economic growth in SA.

Absa - A world of possibilities as an independent, African bank

Absa has been one of the “big five banks” in South Africa for more than 30 years

Standard Bank to look at West Africa expansion

Pivoting back towards its home continent has proven lucrative for Standard Bank, and helped counter a deteriorating economy in its core market - South Africa.

Standard Bank Group to sell Argentinian investment

As part of the agreement, Standard Bank was given the option to sell its remaining stake to ICBC if it gave notice by November 30 2019.

Standard Chartered private equity spin-off plans Middle East investment

Singapore-based Affirma Capital is targeting deals between $25 million and $100 million in the Middle East

Investors await interim dividends of major banks

Stanbic IBTC Holdings had also declared interim dividend in recent period.

Fidelity Bank set to unveil two new products for SMEs

The second one is the Fidelity Trader support facility.

Sick economy slows Nedbank in first half

It did everything right, but customers are too scared to sign for loans for a new car, house or farm.

WorldRemit: Enabling quick money transfers

The rise in remittances last year can be attributed to an active growing diaspora community.

KCB increases interest on mobile loans

Under the current terms, the borrower will pay back Sh40,000 with Sh3,001.60 as interest.

$2.3bn worth of Afreximbank investments in Egypt, says official

The Egyptian banks then pump the money into different projects, particularly in the field of energy, Sagna noted.

SA banks facing biggest strike since 1920

The South African Society of Bank Officials is planning to down tools over planned mass retrenchments.

Nedbank demands action on ecomomy as South African profit stagnates

Nedbank cuts 2019 growth forecast in half

Reserve Bank confirms buyer eyeing VBS Mutual Bank

The looting left resulted in some municipalities, which had deposited their funds with VBS, out of pocket and struggling to pay workers salaries.

Development Bank is broke, says Ouko

Report also revealed that the Central Bank has advanced the lender Sh4.4 billion to meet its obligations

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