Managers of Wealth Africa

HF Group borrows Sh1.9 billion at 18pc

HF also holds a short term loan facility of Sh516.3 million from fellow listed lender NIC Bank , for which it is paying interest at 14 percent per annum.

Ecobank records sterling performance but defers dividends payment

The bank's financial statements for the 2018 financial year shows sterling performances against the backdrop of a turbulent banking environment last year.

Kenya's KCB Group sees acquisition of NBK sealed by October

The combined entity could attain a return on equity of 26.9% in 2023 said KCB, which had a return on equity of 23% last year.

Banks must leverage technology to remain competitive – Access bank CEO

He noted that banks in Nigeria have done well so far but the future holds a lot more than what has been experienced.

Impact of financial sector reforms will be felt long-term — BoG

The vulnerabilities in the banking sector have been addressed through a recapitalization process and regulatory reforms geared towards introducing efficiency in the way business is conducted.

Ecobank Ghana drives cash-lite agenda with Ecobankpay launch

"Ecobank's vision is to decentralise banking, where customers can access banking at the comfort of their homes or any location, without physically coming to the bank," she said.

These are the most complained-about banks in South Africa

Standard Bank, which was the most complained-about bank last year, has dropped to fourth position this year – while Absa, which was fourth, drew the most complaints out of all the banks in 2018.

South African Retail Sales Rise at Slowest Pace in Four Months

The median of seven economists’ estimates was for 0.6% growth. Sales contracted 0.7% from a month earlier, it said.

Attijariwafa Bank launches Africa Development Club in Egypt

He stressed that Egypt is the first destination for foreign investments in Africa, pointing out that the presence in Egypt is the most important investment of the group in Africa due to its distinguished geographic position

Stanbic Bank launches ‘Power of Choice Proposition’

Mr Mensah explained that “the Stanbic concept to attain financial independence is framed around a context of how people make money, spend it, save and invest, and share and leave a legacy.”

Kenyan banks go for African market

Top Kenyan banks, namely Equity Group and Kenya Commercial Bank (KCB) Group, after conquering the Kenyan market, and extending to the larger East African Community countries, are now following in the footsteps of their South African and West African peers

KCB to receive Sh900 million from Uchumi's land sale

The 20 acre piece of land is currently at the center of dispute between the Kenya Defence forces and the troubled retailer.

Access Bank, GTBank, Three Others On Africa Banker Awards Nomination List

Other are Award for Innovation in Banking, Socially Responsible Bank of the Year, Deal of the Year – Equity, Deal of the Year – Debt and Deal of the Year- Infrastructure.

Nedbank pockets R780m from Transnet

Mahomedy replaced Tau Morwe, whose six-month contract was not renewed when it expired early this month. Nedbank is the latest in a long list of private sector companies to be implicated in state capture.

AP — Bank merger deals reignite battle for control of trillions

NIC Bank and Commercial Bank of Africa want to make a statement through their merger deal and so is Co-operative Bank Group.

Union Bank’s profit rose by 33%

As a result of aggressive focus on recoveries, he said the bank’s non-performing loan ratio declined to 8.1 per cent in December 2018 from 20.8 per cent as at December 2017.

UBA partners Mastercard to rewards customers

The bank said a total of 12 UBA Platinum Mastercard holders from Nigeria and 11 other African countries

Moody's says Nigeria's Access Bank is strong enough to clear former Diamond Bank creditors

Access Bank to pay off $200 million bond issued by Diamond on maturity

Airtel Africa posts March Quarter profit of $83 million, ready for London IPO

In the East African region, where Airtel has operating units in Uganda, Rwanda, Kenya, Tanzania, Malawi and Zambia – there was an increase in the customer base, with the number rising to 42.8 million in the March 2019 quarter.

Stanbic Bank first quarter profit rises to Sh2.2 billion

Its stock of bad debts expanded 61 percent to Sh16.7 billion, raising loan loss provisions in its profit and loss account nearly 10 times to Sh631.5 million.

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