Managers of Wealth 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

Namibia’s central bank slashes economic growth forecast

The southern African economy’s GDP has contracted over the past two years, at –0.1% in 2018 and –0.9% in 2017.

Ethiopia’s largest commercial bank opens historic all-female branch

“Empowering women to take part in all economic sectors is essential to achieve development objectives,” he added.

Access Bank grows profit by 66% to N45.1b in Q1

Profit before tax jumped by 66 per cent from N27.44 billion to N45.10 billion.

Standard Bank to teach SA on how to be more WalletWise

The chosen hosts have dedicated themselves to sharing their knowledge with viewers from all walks of life to empower them on their financial journey.

Absa migrates banking system from UK to SA after Barclays separation

The bank said normal operations resumed on Monday with all branches open and all digital channels and ATM services fully restored.

How South Africans rate the ‘big five’ banks

Loyalty points, customer rewards will take on a fresh approach.

African Bank President calls for the US to up its investments in Africa

Akinwumi Adesina told his audience that Africa should no longer be seen as a museum of poverty – rather a continent that will be driving global growth going forward.

African Development Bank organizes roadshow to whet investor interest ahead of Africa Investment Forum 2019

The Bank’s maiden investment forum held in November 2018 saw an unprecedented gathering of world-class investors,

Remittances major contributor to GDP in Africa in 2018

Global remittances, which include flows to high-income countries, reached US$689 billion in 2018, up from US$633 billion in 2017.

East Africa Bank Opens New Headquarters In Djibouti

As part of the long term expansion plan, the bank which is a subsidiary of Dahabshiil Group has built a new headquarters in Djibouti City complete with new banking halls to serve an ever increasing client base.

Standard Bank Back South African Rand to Overcome Hurdles and Forecast Stronger End to the Year

First-half 2019 seen as problematic for Rand

Nedbank CEO scores massive R53 million payday

Brown said that progress in 2018 enabled the bank to grow its market share of main-banked clients across all business clusters.

Ndegwa brothers reveal Sh700 million CBA stake

The value of their interest in CBA is based on the lender’s net assets in the year ended December 2018.

African Development Bank to host Investment Forum Roadshow in Angola

The event will convene traders, experts and financiers in the public and private sector, who seek to invest in Africa’s development

GCB records GHc323 million profit

The Bank further took the lead in mobilising GHc 1.379 billion to end the year with GHc8.335 billion in deposits, it said.

Retail Banking