Managers of Wealth Africa

Rwanda banks report mixed results in 2018

According to the results, almost half of the commercial banks’ profits were generated by Bank of Kigali

Why Capitec won’t get Smart ID services in its branches

Once the smart ID or passport is ready, you collect it through the same bank branch.

TDB rolls out SME programme for women-led businesses in six African countries

Among the first to benefit are Ethiopian businesses, following an agreement between TDB and Ethiopia’s Enat Bank.

Standard Bank rewards customers with free access to VIP Airport lounges

Through the Lounge Key programme, Standard Bank customers can enjoy access to 850 VIP lounges in Dubai, Europe, Across Africa, and many others across the world.

S. Africa Lender FirstRand Aims to Offer Services Such as Insurance

These include connecting home buyers and sellers, house valuations, tracking an investment portfolio or linking its business clients to consumers.

Zenith Bank launches POS payments without cards

Zenith Bank’s *966# Eazy Banking on POS will further drive financial inclusion through agency banking.

These banks can now do business with Ekiti MDAs

The statement added that the government took the decision after a careful review of the developments that led to the purported embargo by the immediate past administration.

Seven Limpopo mayors fired for their roles in VBS Bank collapse

The long arm of the law has grabbed a whole host of VBS bank looters by the scruffs of their necks. The Limpopo PEC are giving the boot to seven local mayors.

Kenyatta Family to Co-Own Kenya's Third Largest Bank in Proposed CBA-NIC Bank Merger

The entity created as a result of the merger will have Sh444.3 billion in total assets, edging out Cooperative Bank of Kenya, which will be pushed to the fourth position.

8 banks pleads guilty over NYS 2 scandal

The Banks include Standard Chartered Bank, Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank.

Europe’s Future Lies in the South and not the North, says Italian Finance Minister at Africa Conference

He was a speaking in Rome at a conference on Africa, challenges and opportunities: Italy and the African Development Bank.

Banque du Caire to open branches in Tanzania, Kenya, Russia, China

The bank mulls also opening offices in Russia and China to finance the trade and investment operations, he asserted, noting that it also finalized getting license to open another office in Dubai.

Commercial Bank Of Ethiopia Struggles To Make Profit In Djibouti

CBE Djibouti Branch has 17 staff and rented a house in a business district in Djibouti. Reports show that CBE, which used to own several buildings in Djibouti before it was closed eight years ago, was one of the profitable banks in Djibouti.

NIC Bank, Commercial Bank of Africa announce merger talks

Commercial Bank of Africa (CBA) is majority-owned by the Kenyatta family while the Nairobi Securities Exchange- listed NIC Group is partly owned by the billionaire businessman James Ndegwa’s family.

Bank Windhoek becomes first commercial lender in southern Africa to issue green bond

Bank Windhoek is a unit of the Capricorn Group, an investment holding company with interests in banking, insurance and asset management in Namibia, Botswana and Zambia.

Bidvest Bank launches new account in retail banking push

Bidvest Bank has offered transactional services before, but has mainly been a banking platform for businesses.

Absa Africa Financial Markets Index: Ghana makes significant in-roads in deepening financial markets

Overall, Ghana ranked 7th among 20 African countries.

Bank of Ghana needs our support

She added that the financial markets, especially for emerging economies like Ghana’s, provided important platforms for matching the supply and demand of funds.

Consolidated Bank creates shares for Sh3.5bn investor

The board has been given up to five years to exercise this right or lose it, unless prolonged by shareholders.

Africa banking group buys mobile money provider

Following the acquisition, BCP is said to be looking to expand mobile banking services to other member states in the West African Economic and Monetary Union, which include Benin, Guinea-Bissau and Niger.

Retail Banking