Managers of Wealth Africa

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.

AfDB, Fidelity Bank to fund MSMEs with $50m

It also disclosed that at least 30 per cent of the fund must go into promoting businesses that were owned and ran by women entrepreneurs.

Union Bank posts N5.4bn quarterly profit

Operating expenses increased by four per cent to N18.5bn, compared to the N17.9bn reported in Q1 2018.

KCB Group looks to buy banks in Rwanda, DRC

KCB is also planning to open a representative office in China, to take advantage of growing trade links between East Africa and China, he said

Standard Chartered Cuts Zimbabwean Jobs as Services Move to Asia

The lender will aim to “redeploy impacted staff wherever possible,” she said, adding the company has 384 employees in Zimbabwe.

Ghana's First Atlantic Bank Is Said to Cut Jobs After Merger

Affected staff seek intervention of country’s labor commission

BRAC launches new bank in sub-Saharan Africa

BRAC International plans to use the proceeds from the sale to further expand its operations in other countries with low levels of access to finance.

Investment to Follow South African Vote, Standard Bank Says

Ramaphosa set to start orthodox macro, micro reform, he says

Ecobank announces Q1 2019 results

According to the results, profit attributable to shareholders of Ecobank and diluted earnings-per-share (EPS) declined 19 percent to $62 million and $0.0025, respectively.

gh-link cards: How different are they?

gh-Link cards are basically ATM Cards, issued by financial institutions to their customers.

Ghana leads in performance of Ecobank Group despite banking challenges in 2018

The Group's profit after tax of $322 million is expected to boost the bank's capital as well as improve the accounts for the other countries it operates in.

Now is the time to lend more – Fidelity Bank Board Chair

Management of the bank attributed this development to lower funding costs and improved interest margins.

Fidelity Bank CEO talks merger plan, weighs in on telecoms-led PSB threat

Mr Okonkwo’s statement comes at a time industry players, Access Bank Plc and the now defunct Diamond Bank Plc, just consolidated to form the largest financial institution in Nigeria and Africa by customers.

StanChart scales down in Zimbabwe

According to a memorandum to workers written by StanChart’s head of human resources Audrey Mlambo, which is in our possession, the bank will soon retrench another 20 workers.

African Development Bank introduces ‘Souk Al-Tanmia’ in Morocco

The programme seeks to help finance projects selected from dozens of candidates from throughout Morocco to help them achieve their entrepreneurship dream.

Ecobank Promises to Sustain Impressive Performance

“Our capital levels remain adequate."

Okolea can now send loans direct to bank account

This shows digital lenders like Okolea have a role to play in deepening financial inclusion in the country.

Co-op Bank unveils property arm to firm up mortgage unit

The lender said the Property Hub will have physical premises in Nairobi to serve prospective buyers.

KCB Group makes merger bid for National Bank of Kenya

For KCB, whose other takeover offer for Imperial Bank has already been approved, the acquisition of National Bank would mean increased access to public-sector deposits.

UBA Grows First Quarter Profit after Tax by 21% to N29 Billion

Profit before tax was N30.157 billion in 2019, as against N26.555 billion in 2018.

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