Managers of Wealth Africa

Stanbic Bank Uganda signs $85 mln 18-month loan

Stanbic Bank Uganda has signed to obtain an $85 million, 18-month loan which will fund the bank's general business activities

UBA Enters Southern Africa, Opens Angolan And South African Branches

United Bank for Africa CEO Phillips Oduoza, said the board of directors had long been preparing an expansion phase for Southern Africa.

UBA Enters Southern Africa, Opens Angolan And South African Branches

UBA is a large financial services provider in Nigeria

Finally, AMCON Transfers Mainstreet, Enterprise to Skye, Heritage Banks

Also, the Chairman of AMCON, Alhaji Kola Belgore, disclosed that the bridged banks had been restored to financial solvency

Ethiopia Contemplating Merger Two State-Owned Banks

The bank’s total expense during the period in question has also climbed by a whopping 122 percent

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

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