Managers of Wealth Africa

The African Development Bank at 50

During last April, the African Development Bank Group announced a programme of activities marking the 50th anniversary of its creation.

Retail banks in Mozambique slow to reduce interest rates

Adjustments to interest rates by retail banks in Mozambique have been slow and too small in relation to the signs given by the central bank

Nigeria: Shareholders approve Union Bank’s $750m fresh capital

The shareholders of Union Bank of Nigeria Plc approved the Board of Directors resolution to raise the sum of US$750,000,000 medium term funding through the issuance of debt instruments, tenured bond or Teir 2 securities or a combination of these financing

‘Magic cash’ the only option for many in SA

Gregor Masinga slumps on a pavement near the Rosebank taxi rank, her hands cupping her shaking head.

Fidelity Bank promises lower interest on N600m loan to Aba SMEs

Fidelity Bank plc has assured that interest on the N600 million loan, targeted at the garment and leather clusters i

Ecobank Acquires 96% Stake In Banco ProCredit Mozambique

The stake ourchased by Ecobank was previously held by ProCredit Holding group and DEON Foundation.

Standard Bank accused of ‘reckless lending’

In a separate case, Standard Bank said a scheme by the same company that swindled Ms Tshatshu, was fraudulent

Business magazine in Kenya names NMB best bank in Tanzania - 2014

With a panel of distinguished local and international judges from various professional backgrounds deciding on the winners from a number of submissions from other Tanzanian banks and across East Africa.

Namibia: Nedbank Launches Franchising Business Unit

Nedbank Namibia's view is that this particular industry will play a pivotal role in supporting our government's aspirations

Central bank’s tightening slows Union Bank’s earnings growth

Banks have for a period been burdened with the regulatory headwinds which have been hampering their growth potentials.

Ecobank acquires Banco ProCredit, commences trading in Mozambique

We are pleased to have concluded this transaction and are confident that we are leaving the bank in the hands of a very capable partner

Zimbabwe Cancels Capital Bank’s License

The main reason given for the licence cancellation was undercapitalisation

First Bank Concludes Acquisition of ICB Financial Group

FBN Holding Plc said its subsidiary, First Bank of Nigeria Limited, has completed the acquisition of ICB Financial Group

First Bank Of Nigeria Acquires ICB West Africa

First Bank has acquired existing banking operations in four new markets

Access Bank Mulls London Stock Exchange Listing

Shareholders of Access Bank had two months ago approved plans by the bank to raise $1 billion to enhance its operations.

HFC Future Plan Trust and Equity Trust hold AGM

The Fund Manager of the HFC Future Plan Trust and Equity Trust said strategic plans are in place to enable the Trust to take advantage of any volatility in both capital and money markets, to the advantage of Unit Holders.

Retail Sector In Nigeria Has A Promising Future- Oduoza

These factors, according to him, include the ongoing reforms in key sectors of the Nigerian economy

Guaranty Trust Bank wins 2014 African Bank of the Year

The African Banker Awards is one of the biggest annual events that recognises and celebrates the achievements of the financial services industry in Africa.

Access Bank to capture bigger market share

The strategy seeks to push Access Bank to become one of the top three banks in the country within the next five years

AMCON and bid for Mainstreet Bank

They queried the method and hurried approach of AMCON in the sale process

Retail Banking