Managers of Wealth Africa

Lenders now bank on job loss fears to net clients

In an era where job security is never a guarantee, commercial banks are now offering some momentary relief for employees who may suddenly find themselves out of work.

African Bank: Debt to offer highest interest rate

By comparison, Standard Bank’s similar instruments were offered this week at three-month Jibar plus 350 basis points.

KCB Scoops Top African Bank Award

The Kenya Commercial Bank Group has been voted the best commercial bank in Africa

Kenya leads as the winners of the Banker Africa East Africa Awards 2015 are revealed

More than 7,000 votes were cast across the 26 categories in the Banker Africa East Africa Awards 2015 by the readers of the magazine and the registered users of the financial news website www.cpifinancial.net.

Africa Bank's junior creditors to get some money back under restructuring plan

Junior creditors, which rank behind other creditors when a company or bank fails, had claims on Abil totalling 4.4 billion rand, the bank said.

Zimbabwe’s Standard Chartered Bank to focus on affluent customers – Official

This was said by the group’s head of retail clients, Karren Fawcett who was in Zimbabwe Wednesday to familiarize herself with the Zimbabwe business.

Essien Wins African Banker Of The Year

He received the award during a prestigious Gala dinner in Abidjan, Cote d'Ivoire on 27African banker awardth May, that witness over 500 dignitaries in attendance.

StanChart to boost global retail business -exec

The bank's retail business is focused on 80 cities

Groupe Banque Populaire is African Bank of the Year, as Jim Ovia gets African Banker Icon and Lifetime Achievement

Groupe Banque Populaire is one of the most important financial services groups in Morocco.

UBA Wins Corporate Citizens Award

The Corporate Affairs Commission on Wednesday conferred the Corporate Citizens Award on United Bank for Africa Plc.

Equity Group buys into DR Congo bank for $60 million in pan African expansion bid

Equity Group Holdings Ltd has acquired 79 per cent of ProCredit Bank Congo, subsidiary of a German-based multinational bank operating in the Democratic Republic of Congo.

Equity Group buys into DR Congo bank for Sh6b in pan African expansion bid

ProCredit Bank is a leading player in the SME sector in the DRC

Ecobank named African Retail Bank of the Year

The Ecobank Group won the award over four other finalists, CRDB Tanzania, FirstRand (South Africa), Standard Bank South Africa and United Bank of Africa.

Atlas Mara Said to Consider Bid for Stake in Mozambican Bank

Moza Banco is a consumer and commercial lender 51 percent-owned by local investors and 49 percent by Novo Banco SA, the Lisbon-based bank that emerged from the breakup of Banco Espirito Santo SA.

Second Somali commercial bank open for business in Mogadishu

Premier Bank is the second financial institution which launched banking services in Somalia

Nigeria’s Amcon Recovers 57% of Bad Debts Bought in Bank Crisis

The state-owned agency, known as Amcon, managed to collect or reorganize the debt it bought at a rate of 1.07 times for what it paid for them, above its 80 percent target

Ecobank Nigeria Secures $15m Credit

The program, according to the bank, provides credit guarantee to encourage commercial financing of US agricultural commodity exports

CBK licenses Choice Microfinance Bank

The bank has acquired a core banking system capable of handling 10 branches which will accommodate our targeted growth

Zimbabwe: Kingdom Bank Africa Under Final Liquidation

The High Court has appointed Mr Max Marinelli and Mr Chris Bray, both chartered accountants in Gaborone to oversee the liquidation.

Mashreq launches Visa checkout solution in Central Europe, Middle East and Africa

Mashreq has become the first bank in the Central Europe, Middle East and Africa region to launch Visa Checkout, a new digital payment service offered to all Mashreq credit and debit cardholders that reportedly makes online purchases simpler, faster and sa

Retail Banking