Managers of Wealth Africa

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.

Barclays Kenya to expand mortgage finance unit

The bank said it would not pay an interim dividend to enable it to meet new capital requirements set by the Central Bank of Kenya and raise capital for investment

Barclays Bank of Kenya says H1 pretax profit up 12 pct

The bank's profit lagged its rivals Equity Bank, the countries biggest by deposits, and KCB, the largest by assets.

China Commercial Bank to open its doors in Tanzania

The China Commercial Bank (CCB) was granted a provisional banking licence on 7 August to operate in Tanzania and has plans to open a Dar es Salaam branch soon

African Bank placed under curatorship

While we do not see systemic risk in this, we would be conscious that any bank that fails has risk to it

Mobius Sees African Bank Fallout Isolated After Rescue

South Africa’s biggest lenders are likely to remain immune to the fallout from the collapse of African Bank Investments Ltd.

Rights Issue: Diamond Bank Set For Expansion

The rights issue which has commenced on July 30, 2014, will be closing on August 26, 2014.

Tetrad Investment Bank takeover stalls

The affirmative vote means that any action, application or executions against the bank will be put on hold.

Nedbank faces Ecobank poser

BANKING giant Nedbank is in the best shape it has been for more than a decade.

Govt keeping close eye on Abil

The unsecured lender says it needs to raise at least R8.5 billion after significant losses.

CBZ Holdings records 20% decline in profit after tax

In the same period last year, profit after tax was $16 million.

United Bank for Africa (UBA) Plc; one of the largest financial services institution in Africa, has released its unaudited financial results for the first six months of the year, showing positive growth in financial indices.

No End in Sight for African Bank as Billions Erased in Trade

We have repeatedly negatively surprised the market and ourselves

Barclays Zimbabwe in black despite challenges

This was despite operating in a challenging economic environment characterised by a liquidity crunch, company closures and a downgrade of Zimbabwe’s economic growth outlook this year.

FRANCE’s largest bank buys SA card unit

Been active in South Africa for more than 15 years

Centrum To Acquire Stake In Local Bank

Centum Investment Company Limited (Centum) is set to acquire shares from existing shareholders at K-Rep Bank Limited.

Nigeria: Investors Eye Nigeria's Pool of Opportunities

Investors surge towards Africa's largest economy, Nigeria, is rapidly increasing. Thanks to the country's budding economy, its openness to doing business and robust entrepreneurial spirit.

Ecobank making progress in resolving governance problems, Mike Brown says

Pan African lender Ecobank Transnational has made progress in resolving governance problems, Mike Brown, the chief executive of its alliance partner Nedbank Group,

Skye Bank grows total assets to N1.131trn

However, the bank said its profit before tax dropped to N7.266 billion as against N10.545 billion during the corresponding period in 2013

Diamond Bank posts N13.8bn half-year profit

He said the bank “maintained strong deposit growth especially from the retail segment of the market.”

Retail Banking