Managers of Wealth Africa

Nigeria’s Skye Bank to Raise Up to $250 Million in Share Sale

Skye Bank Plc, the Nigerian lender that sold bonds last week, said it plans to raise as much as 50 billion naira ($250 million) by selling stock this year

MasterCard unveils first SME acceptance programme in Nigeria

MasterCard has launched Nigeria’s first Micro, Small and Medium Enterprise (MSME)-focused Acceptance Development Programme that will extend the security and convenience of electronic payments to merchants and their customers

Nigeria: Banks Intensify Efforts to Attract Patronage From SMEs

Ecobank and First City Monument Bank have heightened the competition to attract patronage from Small and Medium Enterprises.

FirstBank Named Best Retail Bank In Nigeria

First Bank of Nigeria Limited has been named “The Best Retail Bank in Nigeria” at the just concluded Asian Banker International Excellence in Retail Financial Services Awards in Singapore.

Trailblazers in banking far ahead of rivals

THE financial services industry has a reputation for innovation. Along with Morocco and Egypt, SA has set a benchmark for Africa.

Barclays Africa Group Plans To Acquire Unity Bank Of Nigeria

Barclays Africa Group Limited has expressed an interest in acquiring Unity Bank PLC

Republic Bank submits offer to HFC Bank

Republic Bank Limited says it has received the approval of the Securities and Exchange Commission to its Offer Document to HFC Bank

Capitec looks set to rival big four banks

Capitec’s incredible share price growth dwarfs that of the other banks.

National Bank of Canada Purchases an Equity Stake in the African Financial Group NSIA

West and Central Africa remain under-served in terms of financial services and have strong growth potential, with a population of more than 490 million inhabitants.

Nigeria’s Skye Bank to Raise Up to $500 Million for Liquidity

Nigeria’s Skye Bank Plc, a lender deemed systemically important by the West African country’s regulator, will sell as much 100 billion naira ($500 million) of debt to improve its liquidity.

Jonathan Launches Development Bank of Nigeria

He stressed that existing developmental institutions in the country included the Bank of Industry

SA banks urged to lend responsibly

The chairperson of the Portfolio Committee on Trade and Industry, Joan Fubbs, says the banking sector must lend money in a responsible way that will not contribute to consumers drowning in debt

SocGen to buy majority stake in Mauritius Commercial Bank Mozambique

French bank Societe Generale said on Thursday it had agreed to buy a stake in Mauritius Commercial Bank Mozambique (MCBM) as part of its strategy to tap strong growth in Africa

Our operations are still solid – HFC Bank

The development resulted in its share price losing some value

Societe Generale becomes shareholder in MCB Mozambique

Mauritius Commercial Bank Group and Société Générale signed an agreement on 18 March for Société Générale to become a shareholder in the Group’s Mozambique branch

Kenya Commercial Bank Targets 30% Gain in Mobile Transactions

The bank on March 10 began a partnership with Safaricom Ltd., East Africa’s biggest mobile network operator, to offer paperless banking accounts, known as KCB-Mpesa.

Cameroonian group Afriland First Bank enters insurance market in Cote d’Ivoire

The goal is to replicate what it has done in Cameroon

Nigerian banks: Resilient despite economic meltdown

“Nigerian banks are robust and strong enough to take losses”

UAE banks branch out abroad as home market gets crowded

UAE banks may have been posting double-digit growth in net profits, but they are on the prowl for assets outside their home turf to diversify from the competitive home market

Chanakira’s Botswana bank insolvent

Nigel Chanakira’s Kingdom Bank Africa Limited is technically insolvent, with liabilities of $19 million against assets worth $5,2 million, a report by the bank’s temporary manager has shown.

Retail Banking