Managers of Wealth Africa

KCB wires new funds into National Bank

KCB earlier said it was in a position to recapitalise NBK while maintaining its dividend payout of about 50 percent of net earnings.

Bloomberg reveals Africa’s leading bank bookrunner in 2019

Further details in the report showed that Afreximbank did not top the list in all the categories.

Kenya ups domestic borrowing target to Sh514 billion

It also comes as the Kenya Revenue Authority struggles to meet tax targets in a slow economy, forcing the Treasury to reduce the taxman’s target by Sh100 billion to Sh1.7 trillion.

Bankers cagey on loans pricing plan after end of rate cap

Banks are yet to adjust lending rates upward or downwards since the rate cap was repealed in November

Fin24.com | Consumers win as disruptors force banks to lower fees

Absa was the only bank that chose not to cut fees on its entry-level day-to-day bank account in response to Tymebank and other no-fee challengers in 2019.

Equity buyout of four banks to delay

Equity and ATMA (Atlas Mara) expect to continue further discussions in early 2020

Moody’s forecasts a tough 2020 for banks in the region

That will mean less dividend prospects for shareholders and dimmer career prospects for bank workers.

Customers ‘show trust‘, says African Bank, as profits rise again

In a statement issued on the JSE Stock Exchange News Service, the group also emphasised a focus on stricter lending criteria, saying the bank “continued to be a responsible provider of unsecured credit to South African consumers”.

‘Nigerian banks are most creative, innovative in Africa’

According to Olowu, the establishment of the bank would provide a platform for all strategic stakeholders in the education sector to access short to long term loans at single-digit interest.

Access Bank Wins Most Sustainable Bank at 2019 CBN Sustainability Awards

Additional wins include the ‘Most Sustainable Transaction of the Year in Power’ and the ‘Bank of the Year in Women Economic Empowerment’.

CBN lauds Access Bank’s sustainability leadership

Access Bank also emerged first place winner for the ‘Most Sustainable Transaction of the Year in Agriculture’ and the ‘Most Sustainable Transaction of the Year in Oil and Gas’.

Sterling Bank wins Banker’s Award for Banking in the Community

Atilola said the Sterling Agent Banking Edu- Finance Scheme was introduced to ease the burden of about 70 percent of Nigerians who receive wages weekly and are unable to make upfront payments of school fees on behalf of their children.

Deputy CEO of EXIM Bank wins Global Leadership Excellence Award in UAE

It was designed to discuss issues affecting the 21st century woman and find ways to empower them to play critical role in the society.

StanChart launches campaign to promote electronic cards usage

For existing card users, "they must continue using them but they need to do a minimum of 20 transactions within the three months period of the promo to qualify for the grand prize.

Bank Windhoek ranked Best Bank in Namibia by PSG

Bank Windhoek is the flagship brand of Capricorn Investment Group Limited (Capricorn Group)

Banks, businesses forecast inflation above 5pc in 2020

On the plus side, a stable exchange rate and weak demand pressure will help keep the cost of living within range, but there remains a risk due to supply-side shocks.

Cameroon bets on Islamic financing to boost financial inclusion and attract Middle Eastern investors

This type of finance “can promote the development of financial inclusion by targeting all those still excluded from the traditional financial system for cultural reasons.

EAC central bankers scramble to contain possible economic slump

“Externally, a faster-than-expected global economic slowdown remains a major risk to the outlook,” they said.

Co-op bank named best bank in Kenya at the 2019 EMEA Finance Awards

The awards gala was held on the 5th of December 2019 at The Law Society, London

KCB ranked most attractive listed lender

Cytonn says banks will make more profits from their mainstay lending business after the rate caps were removed.

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