Managers of Wealth Africa

Nedbank eyes Africa push

Nedbank has till November 25 to decide whether to exercise an option to convert its loan to Ecobank in 2011

Ghana Bank Buys German Financial Firm

After the merger Fidelity will have a branch network of 80, 96 ATMs, 300 agencies and more than 700,000 customers across the country

22seven ditches subscription fee

The Old Mutual-owned personal financial management service will no longer charge a monthly subscription fee.

Rothschild-Backed Fidelity of Ghana to Double Branches

Competition among banks is increasing as lenders seek to tap segments of the population who don’t use banking services

Trans National Bank to open three branches as it targets agri-business

Uasin Gishu County Governor Jackson Mandago officially opens the rebranded Trans National Bank, Eldoret Branch yesterday. With him is Trans National Bank CEO Sammy Lang’at and the bank’s chairman Michael Cheruon.

Ghana: Fidelity Bank Attracts U.S.$127.3 Million Capital Investment

Fidelity Bank Ghana Limited has announced the completion of its $127.3 million Capital Raising Exercise to inject more capital into the operations of the bank.

Barclays' RainFin chasing peer-to-peer growth in SA

RainFin , a South African peer-to-peer lender part-owned by Barclays Plc, is expanding from personal loans into small-business loans, hoping to mimic the growth of U.S.-based LendingClub Corp.

Ecobank Nigeria to raise additional capital

He was confident that Nedbank would exercise the conversion option and also top up the conversion amount with $206 million to give it a 20 per cent stake in Ecobank.

Ghana: Fidelity Secures Funds to Expand Local Operation

Fidelity Bank Ghana Limited has announced the completion of its more than $127 million Capital Raising Exercise to inject more capital into the operations of the bank.

Diamond Trust Bank Mulls Africa Expansion After Raising Capital

Diamond Trust Bank Ltd., a Kenyan lender with operations in four nations, is considering expanding into one of three African countries as growing competition at home squeezes margins

Zimbabwe Creates Company to Purchase Bad Debt From Banks

The Reserve Bank of Zimbabwe created a company that will buy non-performing debt from banks.

Namibia’s Central Bank Approves Trustco’s Acquisition Of Fides Bank

The central Bank of Namibia had granted Trustco permission to acquire Fides Bank Namibia, the Johannesburg and Namibia-listed financial services firm said on Thursday.

Nigeria Kicks Off Disbursement of $1.3Bn Fund To Entrepreneurs

The governor noted that access to finance had a multiplier effect on the economy as it would have the much needed catalytic effect on job creation and poverty reduction.

Give And Stake: This Is What Nedbank’s Money Means To Ecobank

Nedbank’s is not the only loan Ecobank is hopeful of converting into shares.

FirstRand Bank focuses on urban unbanked for growth

Current pilot includes going to smaller, specific areas such as Hill road in Bandra and Lokhandwala in the western suburb of Mumbai instead of going to larger areas

Banking in Africa - From the point of view of an expert

Africa is largely unbanked. With over 1 billion of population in Africa, 53% of the population consists of Muslims. I see major opportunities for the banks to grow and capture the unbaked.

State Postbank Applies to Compete With South African Lenders

The South African Reserve Bank is considering an application by the state-owned Postbank to allow it to lend

Kenya's Diamond Trust Bank profit jumps 17 pct on higher lending

Kenya's Diamond Trust Bank increased first-half pretax profit by 17 percent year-on-year, helped by growth in net interest income and fees

Kenya's Diamond Trust bank raises $41 million for expansion

Kenya's Diamond Trust Bank has raised 3.6 billion shillings ($41 million) in an oversubscribed rights issue to expand its branch network in the region and to support lending.

Standard Bank Says First-Half Profit Gains 2% on African Growth

Standard Bank Group Ltd., Africa’s largest lender, said first-half profit rose 2 percent, helped by a decrease in bad debts and growth outside South Africa.

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