Managers of Wealth Africa

Kenyan bankers censure Chase Bank management over insider loans

Banking executives have scoffed at the amount of loans lent to directors of Chase Bank, the lender that collapsed last week.

Zimbabwe: MBCA Introduces Equity Release Loans

This loan facility will be insured through Old Mutual, and premiums will be factored in monthly instalments.

Bank Failures Seen Spurring Kenyan Takeovers in Flight to Safety

The nation’s regulators were forced to step in with emergency support to stem depositor panic after the collapse last week of Chase Bank Kenya Ltd., the third lender to be placed under statutory management since August.

Standard Bank facilitates business growth in East Africa

Over three days, seventy of Standard Bank’s business banking clients from, Kenya, Tanzania, Uganda, Zambia, Malawi and South Africa will take advantage of networking opportunities in a guided and informative environment.

Nedbank now also offering business registration service

Nedbank head of retail and business banking Ciko Thomas said Tuesday’s launch related to the first phase of the business registration process system.

Nigeria's Wema Bank eyes acquisitions, plans to raise debt

The bank will seek shareholder approval to issue bonds or preference shares this year and aims to raise 20 billion naira ($100 million) in the first tranche of a 50 billion naira bond programme.

Gupta-owned firm hopes to restore relations with South African banks

Shares in Oakbay Resources & Energy dropped 16 percent on Monday, falling sharply for a second straight session after the sudden resignations of its chairman and chief executive.

Capitec challenges the monopoly of established banks

The index – compiled by Lafferty Group, a global banking advisory firm – rated 100 quoted banks from 28 countries across the globe

South African FirstRand's retail bank closes accounts held by Zuma friends - Oakbay

"Oakbay has received no reason whatsoever justifying FNB's actions.

African Bank confirms completion of restructuring

Confirmation of completion of restructuring

FNB launches in Ghana

First National Bank says it has officially launched a branch in Ghana after obtaining a Universal Banking license from the Bank of Ghana in 2015.

As banks cut branches, ATM growth stalls

Those transactions that still need some form of physical interaction, primarily anything involving cash, have been effectively handed over to ATMs.

Diamond Bank ED reportedly dies in his sleep

Nigerian Tribune reports that Victor Ezenwoko, the executive director, regional businesses of Diamond Bank, is dead!

ADCB recognised with two prestigious awards by Asian Banker 2016

ADCB received the awards during the Asian Banker Excellence in Retail Financial Services Awards ceremony held in conjunction with the 15th Annual Excellence in Retail Financial Services Convention in Hong Kong.

CBE to float stakes in two state-owned banks

Public lender Banque du Caire will also seek a capital increase on the stock exchange by floating a 20 percent stake before the end of the year, according to Amer.

Moroccan banks look south for sub-Saharan African expansion

This will soon be a branch of Morocco’s newest retail lender

‘Disruptive’ Equity changes banking in Kenya

The new Sustainable Development Goals really change the ownership of future aspirations.

Orange and Ecobank launch a bank-to-wallet money transfer service

By enabling customers to link their bank account with their Orange Money account, this new service in Côte d’Ivoire, Guinea Conakry and Niger furthers the development of mobile financial services in Africa.

Old Mutual Ghana Awards Financial Advisors

Old Mutual Ghana has held the Sales Award Ceremony since 2014

Capital Bank Launches Promotion to Drive Savings

The Capital Bank has launched a new campaign, “V-Man,” to boost savings in the country while mobilising more deposits for the bank.

Retail Banking