Managers of Wealth Africa

“The Reserve Bank will remain independent” – says Ramaphosa ahead of repo rate announcement

"Hands off the Reserve Bank" - says Ramaphosa ahead of the repo rate announcement.

SA central bank expected to keep rates steady after November hike

Kganyago said it was necessary to act then, as delaying the adjustment in interest rates could cause inflation expectations to become entrenched at higher levels.

The African Development Bank to Unveil 2019 African Economic Outlook

It offers short- and medium-term forecasts on the main socio-economic factors such as jobs, while at the same time examining the challenges and progress.

Bank M assets, liabilities transferred to Azania Bank

Tanzania’s financial services sector is dominated by lenders such as CRDB Bank and NMB Bank.

Rising outflows on the services account

The driver was a 70.5% q/q surge in merchandise imports, which was explained by the National Bureau of Statistics

Kenya banks could be headed for zero growth this year

The lenders are of most importance during economic downturns, given that the core of banking is risk management.

Cameroonian government boosts struggling BC-PME’s capital to XAF20bln from XAF10bln

This bank was near bankruptcy after just four years of operation when the government decision came out

Access Bank Mulls New Corporate Identity

Late last year, Diamond Bank, a tier-1 one lender and Access Bank, a tier-2 financial institution, confirmed that they were coming together to become one.

Promoting seamless banking

The bank has remained strong, maintaing a healthy capital base and cofidence of its customers.

BoG should have been more strategic in banking sector clean-up - Lecturer

The regulators created Consolidated Bank Ghana (CBG) to take over their assets

First Bank Recapitalises Subsidiary in Ghana With Fresh $72.5m

This required the banks to seek for funds or merge together to meet the new capital base before the December 31, 2018 deadline and First Bank Ghana Limited, a member of the FBN Holdings Plc, met the deadline in order to continue to operate in Ghana.

Consolidated adds bancassurance to improve earnings

Insurance penetration in Kenya remains low but Mr Kiyai reckons that with some loan products requiring insurance of the collateral, banks are poised to win clients.

Private equity firms AfricInvest, Catalyst invest in Kenya's Prime Bank

Prime Bank, which was founded in 1992 by local investors, controls just under 2 percent of the total banking assets in the sector.

Sh3.5bn Consolidated Bank investor to become top owner

The conversion will see the shareholder dilute the Treasury’s stake, which currently stands at 85.8 per cent.

Absa faces tough task to claw back market share

It also plans to reward longstanding clients with better offers and will cross-sell products between business segments to drive growth.

Nigerian Merger Will Create Africa's Biggest Bank

Nigerian bank merger will create an entity serving 29 million customers across three continents.

FirstBank Reinforces Financial Inclusion With New Market Activations

Over a period of 18 months, First Bank of Nigeria’s FirstmonieAgent Network has expanded to almost every Local Government Area in Nigeria

Diamond makes mobile banking easier with new app

The new features allow our app users do more to suit their lifestyles.

Legacy changes name to FCMB Pensions Limited

There has been a comprehensive integration of the pensions business into FCMB Group, which is known for its culture of excellence, resilience and customer focus.

Investors not convinced by Absa’s recovery plan

Sceptics can’t see how it will be able to grow faster than the sector.

Retail Banking