Managers of Wealth Africa

New Discovery bank on its way

Discovery announced its plan to establish a retail bank in 2015, which will compete against ABSA, FNB, Nedbank, and Standard Bank.

Bank Windhoek’s profit after tax up 20% to N$905 million

This was the fifth consecutive year of profit growth in excess of 20 percent for BWH, emphasising the consistent performance of the group, the results that were released on August 12.

SunTrust Bank’ll be technology driven, says CEO

Banking is no longer where you go to, it is what people do.

Zenith Bank Plc Earnings Update - More Prudence as Bank Adopts New Impairment Model

Management however, expects its tax rate to normalize to 19% in FY'16

Sun Trust Bank Emerges, Unveils Banking Services

The Managing Director and Chief Executive Officer of the bank, Muhammad Jibrin said the bank will carve a niche for itself in the area of financial technology as it is set to deliver quality banking services to its customers.

Uganda's Stanbic Bank H1 profit rises 57 pct on trading income

The results showed strong earnings from trading in the interbank money market, interest from Treasury bills and bonds, and foreign exchange trading.

Kenya Commercial Bank launches property centre

KCB is still bullish of better returns from real estate lending despite high non-performing loans in the sector.

Fidelity Bank deposit base hits N830bn in 2016 half year

The managing director said that the bank would continue to ensure its regulatory ratios remained above the regulatory thresholds.

FNB opens branch inside a shipping container

The mobile units come in a number of shapes and sizes, from a standard single container to multiple units welded together to extend the branch footprint.

Sterling Bank bags Best Non-Interest Banking award

The bank in a statement made available over the weekend noted that the Award was conferred on the Bank based on its success story

Nedbank defaults up as higher rates press consumers

This compares with R16.7bn in June 2015, which is a decline of 4.1% on the previous comparative period.

Skye Bank partners Parkway on Bank3D business banking

Bank3D is a managed business banking hub with apps for large, mid-sized, small business and government agencies

Investec Shareholders Should Oppose Pay Policies, PIRC Says

Chief Executive Officer Stephen Koseff’s variable pay is excessive because it “represents more than 500 percent of his salary,” as does that of Managing Director Bernard Kantor, it said.

NMB Bank (Tanzania) wins Euromoney award

The Euromoney awards, now in their 25th year, provide a benchmark for levels of service and financial performance across the banking industry.

GCB Bank sacks 195 workers

It has as well been designed to achieve an appropriate senior and junior grade mix.

African Bank settles all claims between ABIL and empowerment shareholders

Settlement agreement between ABIL and its empowerment shareholders

Letshego Granted Full Commercial Banking Licence in Namibia

Letshego Holdings Limited has secured a full commercial banking licence for Letshego Bank Namibia, marking the Company’s fifth deposit-taking licence across sub-Saharan Africa

Bank jobs on the line after failed exams

On its website the Financial Services Board, the state-owned financial regulatory agency.

How Zenith Bank plans to increase banking accessibility in Ghana

Zenith Bank Ghana is increasing the ease with which customers can access banking and expanding the number of channels available to them

Banks’ profit may decline by 15% in Q2

Rising bad loans due to the slow growth in the economy will drag a good number of Nigerian banks to record low profits when their financial results for the second quarter are released any time from now, findings have shown.

Retail Banking