Managers of Wealth Africa

Bank from Nigeria wants to expand to Angola

The United Bank for Africa Plc plans to expand to Angola and South Africa as the Nigerian economy

UBA to expand operations to South Africa and Angola

The Chief Executive Officer of United Bank for Africa Plc Phillips Oduoza has revealed that the bank will soon expand its operations to Angola and South Africa as the economy of Nigeria, its largest market, is hit by falling crude oil prices.

BoI Signs MoU on SME Financing with Banks

The others are Access Bank Plc, First Bank Nigeria Limited, Skye Bank Plc, Stanbic IBTC Bank and Standard Chartered Bank Limited.

Standard Chartered Sees Africa Future Amid Branch Network Review

Standard Chartered said last year it may close 80 to 100 out of more than 1,200 branches globally

Nigeria: UBA to Expand Operations to Angola, South Africa

Nigeria is struggling to cope with crude prices that plunged by more than half in the past six months.

South AFfrica: Deutsche Bank restricts German retail services

The client says they were contacted by their banker late last year with the news that Deutsche Bank in Germany will from January 1, 2015 no longer accept investments from any customer who currently resides in South Africa, whether they are German citizens

GTBank wins ‘Best Corporate Governance, Africa’ for 2015

Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’

First Bank CEO named The Sun Banker of the Year 2014

The Sun also congratulated Mr. Onasanya for the Bank’s big ticket transactions in the course of the year, especially the issue of a USD 450 million subordinated Tier 2 debt, the largest subordinated Eurobond ever issued by any Nigerian financial ins

Call for Troubled Banks to Merge

Analysts have called for merging of troubled banks to save them from total collapse in the wake of liquidity problems threatening survival of the undercapitalized banks.

Achebe Retires as Diamond Bank Chairman

Diamond Bank Plc on Wednesday disclosed that Igwe Nnaemeka Achebe has retired as the Chairman of its Board of Directors.

Banks in Zimbabwe Cut 1,000 Jobs Last Year, Union Says

Banks in Zimbabwe cut 1,000 jobs last year, eliminating one post out of every six in the southern African country’s banking industry

Nigeria will begin the selling process of Keystone Bank in 2015

The three banks were nationalized for not being able to complete their recapitalization within the period fixed by the Central Bank of Nigeria.

Union Savings to venture into banking

Philip Oti-Mensah, Managing Director, Union Savings and Loans, says his outfit intends to become an industry leader this year

Ugandan Stanbic boss good news

Several years back this newspaper published a cover story showing that of the 20 or so commercial banks in the country only about three had a Ugandan managing director

Steward Bank’s Agent Banking Model: Is the branch model dead?

Steward Bank a banking subsidiary of Zimbabwe’s Telecoms giant Econet Wireless Limited recently announced a move to reduce its branch network whilst introducing Zimbabwe’s first Agent banking model

Unity Bank boss receives ‘Banker of the Year’ award

The Leadership Annual Awards recognizes achievers in banking, business, politics and government, entertainment and sports.

National Bank Buys 9.5% AfrAsia Stake in First Move Into Africa

National Bank of Canada bought a 9.5 percent stake in Mauritius-based AfrAsia Bank Ltd., its first African investment.

Nedbank opens new branch at Westlane

Nedbank Namibia managed to build a bank worth over N$11 billion in total assets as at the end of October and on 5 December opened a new branch at Westlane Shopping Centre.

South African banking fees 2015

Absa, Nedbank and Standard Bank have released their fee structures for 2015 - here is what you can expect to pay on some key transactions.

BoG approves Fidelity Bank’s acquisition of ProCredit Ghana

The Bank of Ghana has approved the acquisition of ProCredit Ghana by Fidelity Bank.

Retail Banking