Managers of Wealth Africa

Kenya cuts use of ‘emergency loans’ as cash flow pressure eases

Improved performance in domestic borrowing has helped ease liquidity bottlenecks

Stanbic IBTC Highlights Trade Export, Financing Benefits

Relationship Manager, Africa China Banking, Stanbic IBTC Bank, Henry Oradiegwu, emphasised the significance of trade relations and partnership between Africa and China.

Alarm bells ringing for consumers in South Africa

The bank said that this is reflective of the challenging economic environment in South Africa, which ended up being more daunting than initially forecast.

KCB freezes Sh115m payout to former casual workers

Justice Monica Mbaru had in a precedent-setting decision ruled that it amounted to unfair labour practice to keep employees on contract for more than three years.

Afreximbank opens CARICOM office in Barbados

The Afreximbank CARICOM Office will support the implementation of the Partnership Agreement between Afreximbank and CARICOM member states aimed at expanding Africa-Caribbean trade and investment relations.

Bank shareholders protest as directors borrow N113bn

During the period under review, Sterling Bank revealed that it granted N2.4bn facilities to its directors and some employees, while Access Holdings announced N469.01m insider-related credits in 2022, up from N268.21m.

Ecobank gets award for SMEs support

In the last 12 months, Ecobank had launched initiatives targeted at SMEs namely, Ecobank Single Market Trade Hub, which supports the AfCFTA’s single African market

Accion Microfinance Bank gets awards, pledges to empower more businesses

The bank described the awards as recognitions and testaments of its commitment to its mission and vision of transforming and empowering lives and businesses in the most sustainable and ethical manner in Nigeria.

Zenith retains ‘Best Commercial Bank in Nigeria’ award

The recognitions celebrate the bank’s tremendous feats and milestones in financial performance, financial inclusion, corporate governance and sustainability a statement by the bank said.

Bank loan rates rise past 20pc in repricing cycle

Customers at Standard Chartered meanwhile face interest rates of as high as 16.5 percent after the lender changed its base lending rate to 10.5 percent from 10 percent previously, effective from August 5.

Ecobank Wins Euromoney Award As Africa’s Best Bank For SMEs

Undoubtedly, these SMEs are the key drivers for Africa’s economic growth, as they create jobs, generate prosperity while eliminating poverty across the continent.

NCBA Plans To Open 10 More Branches By December

Its expansion seeks to enhance its retail business and financial services convenience for customers.

African Development Bank and Asian Development Bank announce $1 billion swap

The African Development Bank and the Asian Development Bank finalize a groundbreaking $1 billion exposure swap, aimed at releasing more sovereign lending headroom and strengthening the African bank's capital adequacy measures.

Access Bank is Euromoney’s Best Bank in Ghana for 2023Access Bank is Euromoney’s Best Bank in Ghana for 2023

Euromoney is a widely respected global financial media conglomerate that covers global banking, macroeconomics, and capital markets, including debt and equity.

First Bank, Ecobank, others drag equity market down by N257bn

A total of 5,246 billion shares worth N63.417bn were traded in 57,234 deals by investors on the floor of the Exchange last week, compared to a total of 9,831 billion shares valued at N145.408bn that exchanged hands last week in 54,478 deals.

Nigeria development banks’ capitalisation need improvement – AfDB boss

The deepening of the domestic capital markets will further allow companies to access the equity financing they need to grow their businesses.

Inter-bank lending charges fall on increased liquidity

The improved liquidity has been attributed to government spending at the start of the new financial year through payments to contractors and disbursements to counties and ministries.

African Bank partners with Soweto Marathon ‘for the people’

People often resonate during difficult times than when there’s joy. And we felt the need to get close to the race because we understand that without funding the race would not go on.

Neobanking has arrived in South Africa – Join the Xhuma revolution

Xhuma’s wide feature set eliminates the need for multiple apps, thereby simplifying financial transactions, and even introduces fun features like personalized GIFs and stickers that are linked to instant money transfers.

Ecobank demands rejection of Otudeko’s First Bank comeback over N13.5bn debt

The development comes after Otudeko staged a comeback with his 13.3 percent stake in FBNH after snapping up 4.7 billion shares through Barbican Capital

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