Managers of Wealth Africa

Namibia: Moneygram Extends Relationship With Standard Bank

South Africa is a key driver of economic development across Africa.

Namibia: Standard Bank Allocates 10 Percent Shareholding to Employees

The bank said the total shareholding of 10% will be divided between current employees who are eligible for 8%, while the remaining 2% will be allocated to a community trust

AfDB approves 148 mln USD credit for Kenya's Equity Bank

The African Development Bank said on Thursday it has approved 148 million U.S. dollars line of credit for Kenya's Equity Bank for on-lending to key economic sectors in the country.

Nigeria’s Guaranty Trust Bank Plc wins 2014 Product Leadership Award

Its headquarters is located in California with offices in 31 countries across six continents.

Namibia banking sector opening up

Through use of mobile phones and Internet connections, the bank wants to offer services to “everyone, irrespective of income or location”

Kenya: NBK Agency Banking to Ride On Postal Network

National Bank of Kenya has signed a strategic partnership with the Postal Corporation of Kenya that will see the bank ride on its infrastructure by providing agency banking services in all 470 Posta outlets.

Sterling Bank opens 10 new branches, to remodel 40

The Bank has also embarked on the remodeling of about 40 of its branches nationwide to reflect its retail positioning.

Absa cuts staff in retail bank

Absa is doing just that in its local retail banking division, confirming that of about 9 000 roles, 81 roles in the regional leadership team have become redundant.

Growth Of Africa's Regional

African banks are expanding into neighbouring countries and further afield benefitting from their knowledge and expertise in familiar territory.

Abil moves closer to recovery as it requests new licence

Equity and debt investors will have a chance to participate in the good bank’s IPO.

Mainstreet Bank: Investing in Successful Turnaround

Having undergone one of the most successful corporate turnarounds in Nigeria’s financial services industry, analysts believe a combination of the robust balance sheet and visibility of Mainstreet Bank Limited will be a great asset to its new investo

Our plan is to boost growth profile, by Unity Bank boss

Giving the successful conclusion of Unity Bank rights issues, expectations were high among investors for the financial results of the company for the half-year ended June 30, 2014.

African Bank Investments set for re-listing on JSE

Failed South African lender African Bank Investments is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money

Access Bank wins World Finance most sustainable bank in Nigeria award

Access Bank plc has emerged the winner of the 2014 World Finance, UK Magazine ‘Sustainable Bank in Nigeria Award.

Kenya in Talks With Banks to Cut Mortgage Rates to Spur Housing

The Kenyan government is negotiating with local banks to reduce the interest lenders charge on mortgages to single digits, as authorities try to make purchasing a home affordable in East Africa’s biggest economy.

Stanlib keeps eye on Africa after deal in Ghana

Stanlib’s deal with parent Standard Bank in Ghana, comes after the asset manager received the go-ahead to build a money management capability independent of Liberty Africa.

Access Bank lunch revitalized bouquet of products

As part of efforts to promote financial inclusion and wealth creation, Access Bank Ghana has launched three new products, with exclusive benefits and discounts to customers.

Bank of Africa celebrates 10 years with new branch

Bank of Africa Kenya has opened its 34th branch at Sameer Business Park.

Zimbabwe: MBCA to Become Nedbank Zimbabwe

Nedbank, the fourth largest bank in South Africa by market capitalisation and customer numbers, is the majority shareholder in the Zimbabwean financial services firm, controlling 74 percent stake in MBCA Bank.

Nigeria’s Heritage is Acquiring Enterprise Bank for $340 Million

The bad bank was set up in 2010 to buy non-performing loans and stabilize Nigeria’s banking industry after a debt crisis threatened it with collapse.

Retail Banking