Managers of Wealth Africa

UBA Plans Expansion Across 25 African Countries

We have done a lot but in many senses we are only beginning to reap the rewards of our network and potential.

Diamond Bank optimistic amidst declining performance

Dozie outlined the outlook of the bank against the background of declines in performance in 2015 and first quarter 2016.

Chase Bank opens its doors today after KCB steps in as the receiver manager

An audit report on 10 managers is also expected to be complete by today, as the bank reopens, as KCB moves to weed out those who were allegedly involved in Chase’s downfall.

Zimbabwe: Financial Inclusion Is Not About Bank Accounts

A bank's mobile money system should simplify transactions and save time.

GHANA: Massive layoffs to hit banks

This paper understands that about 150 workers from each of the two banks will be affected.

East Africa: Banker Africa Lists Tanzanian Lenders for Top EA Honours

Published by CPI Financial, Africa Banker's awards come at a time when Tanzania's banking sector seems to be heading through the right direction, with profits increasing by 14 per cent in 2015.

Kenya’s KCB Group to manage Chase Bank

The Central Bank of Kenya said in a statement that an understanding had been reached with KCB on "modalities to reopen Chase Bank Ltd in the next few days and the eventual acquisition of a majority stake in the bank".

New campaign underscores Skye Bank’s exploits

The bank also scripts in its new campaign its contribution and impact on the nation’s hospitality industry.

Ostracized South African firm Oakbay says bank has refused to meet

Oakbay is scrambling to restore banking relationships after all four major South African banks cut ties following allegations that the Guptas have undue political influence with President Jacob Zuma.

New Cooperative Bank centre eyes Diaspora cash

As one of the bank’s handling large inflows of diaspora remittances, we were feeling the pressure to expand the capacity to handle surging volumes.

Angola approves merger of banks Banco Millennium Angola and BancoPrivado Atlântico

Under the memorandum of understanding signed by the two banks, BCP is expected to keep a 20% stake in the future Banco Millennium Atlântico.

Kenyan bankers censure Chase Bank management over insider loans

Banking executives have scoffed at the amount of loans lent to directors of Chase Bank, the lender that collapsed last week.

Zimbabwe: MBCA Introduces Equity Release Loans

This loan facility will be insured through Old Mutual, and premiums will be factored in monthly instalments.

Bank Failures Seen Spurring Kenyan Takeovers in Flight to Safety

The nation’s regulators were forced to step in with emergency support to stem depositor panic after the collapse last week of Chase Bank Kenya Ltd., the third lender to be placed under statutory management since August.

Standard Bank facilitates business growth in East Africa

Over three days, seventy of Standard Bank’s business banking clients from, Kenya, Tanzania, Uganda, Zambia, Malawi and South Africa will take advantage of networking opportunities in a guided and informative environment.

Nedbank now also offering business registration service

Nedbank head of retail and business banking Ciko Thomas said Tuesday’s launch related to the first phase of the business registration process system.

Nigeria's Wema Bank eyes acquisitions, plans to raise debt

The bank will seek shareholder approval to issue bonds or preference shares this year and aims to raise 20 billion naira ($100 million) in the first tranche of a 50 billion naira bond programme.

Gupta-owned firm hopes to restore relations with South African banks

Shares in Oakbay Resources & Energy dropped 16 percent on Monday, falling sharply for a second straight session after the sudden resignations of its chairman and chief executive.

Capitec challenges the monopoly of established banks

The index – compiled by Lafferty Group, a global banking advisory firm – rated 100 quoted banks from 28 countries across the globe

South African FirstRand's retail bank closes accounts held by Zuma friends - Oakbay

"Oakbay has received no reason whatsoever justifying FNB's actions.

Retail Banking