Managers of Wealth Africa

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.

Nedbank Acquires Stakes At Eco Bank

Global financial groups have their sights set on the African banking sector, where the benefits of surging consumer strength and catch-up growth offer significant promise.

Somali Bank Becomes First Lender to Handle Foreign Transactions

The relative calm and tranquility in the country, especially the capital city, made us take a decisive step

Acquisition of Mainstreet Bank: Skye Bank faces fresh hurdles

Sources close to the deal expressed concerns that even if the bank succeeded in raising the money it plans to raise before year end

Standard Chartered Bank opens new branch in Lagos

Priority Banking, Employee Banking, eSaver, debit and credit cards.

Banco BIC of Angola enters Namibian market

The authorisation granted by the Namibian central bank is provisional for a six-month period and gives Banco BIC time to complete feasibility studies to back up its business plan to enter the market.

FirstRand CEO Says African Bank Not a Proxy for Industry

FirstRand Ltd., Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.

Skye Bank signs agreement for purchase of Mainstreet Bank, pays 20% deposit

AMCON had announced Skye Bank as the preferred bidder for the acquisition of all its interest in Mainstreet Bank

Nedbank rules out boosting 20% stake in Ecobank

Lender's rule deters Nedbank from purchasing more than 20%.

Kenya Commercial Bank gets MasterCard PayPass certification

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless

Exim wants more collaboration with banks

The Board Chairman of EximGuaranty Company Limited, Mr Felix Ntrakwah, says Exim is not in competition with the financial institutions but are collaborators and should work together for the benefit of SMEs.

Nigeria creating appetite for debt and equity instruments -Agusto

Worthy of this development is increased investments in States such as Lagos, Ogun, Kogi, Edo, Anambra, etc. to mention a few.

Access Bank Access Bank Eyes Increased Investment in Ghana, Rwanda, Zambia

Kumapayi also said part of the funds would be used for branch expansion, renovation and facilities’ upgrade in Nigeria.

Nedbank ups its risk appetite

IS NEDBANK buying a giant headache by paying R5-billion for 20% of Togo's Ecobank Transnational?

Ecobank to focus on existing businesses: CEO

Pan-African lender Ecobank plans to wind down its strategy of rapid expansion across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its chief executive said on Sunday.

FirstRand takes top spot but Standard likely to fight back

Firstrand is firmly positioned as the leading bank in SA after the most recent reporting period for the top four banks.

Access Bank to Expand to Asia, African Economies

Others are window of opportunity in a rapidly expanding and consolidating banking sector

Retail Banking Academy and IOBSA sign memorandum of understanding

The Retail Banking Academy and the Institute of Bankers in South Africa entered into a Memorandum of Understanding whereby IOBSA will undertake an evaluation of the Academy’s credit bearing programmes and award candidates a designation.

Ecobank expands card facility into Africa

Expanding MasterCard’s acceptance in 28 countries across Ecobank’s network is a significant milestone for us

Access Bank Emerges 2014 Best Local Bank In Nigeria

Access Bank Plc has further consolidated its position as a service focused bank in Nigeria by being adjudged the “Best Local Bank in Nigeria 2014” by EMEA Finance Magazine.