Managers of Wealth Africa

SA companies shaping the future of African business

A companies dominated the latest World Economic Forum’s global growth companies list, with six local businesses named the most dynamic in terms of growth on the continent

NIC Bank 2013 pretax profit up 11 pct

The shareholders of NIC Bank Group have commended the Board and Management for the continued good performance of the Group

Our vision is to be Nigeria’s retail bank of choice – Unity Bank CEO

Three is rural economy

African Bank is keeping its funders close

Kirkinis said there would be no rights issue for now

Stanbic Bank, Metropolitan Bank to launch new products

Stanbic Bank Ghana Limited and Metropolitan Bank have collaborated to launch three new products that will enhance consumer safety within the country.

Transaction Capital sheds unsecured loans, profit up 28%

Transaction Capital sold unsecured personal loans business Bayport and ATM company Paycorp during the interim period.

Update 1- Standard Bank has no immediate plans for Nigerian acquisition

Africa's biggest lender Standard Bank aims to take advantage of opportunities in Nigeria by expanding its existing operations and has no immediate acquisition plans

130 senior bankers attend The Asian Banker first annual Middle East and Africa Awards Programme

The Asian Banker's Middle East and Africa Awards are acknowledged by the financial services industry as the highest possible accolade available to professionals and banks in the industry in the Middle East and Africa.

National Bank boss voted ‘Banking CEO of the Year’ for 2014

Organised by the Think Business in conjunction with Deloitte and Infotrak Africa, the honour is awarded to a CEO of Bank in recognition of exemplary leadership and contributions to the overall growth of their organisation.

FCMB Group’s Pretax Profit Rises By 15%

The First City Monument Bank Group has declared a 15 per cent rise in profit before tax for the first quarter ended March 31, 2014.

African Bank Investments says banking unit to show headline loss

Expects a headline loss of between R3,1 billion and R3,3 billion relative to R604 million restated headline earnings for equivalent six months to 31 March 2013

NMB declared best bank in Tanzania

Only four banks from Tanzania featured in the competition that was dominated by banks in Kenya and that scooped most of the awards.

Edcon pins hopes on Abil deal

In its results for the third quarter to December, Edcon said it ended the quarter with 133 000 fewer credit customers than in the previous corresponding quarter.

Global survey shows Nigerian Banks gain consumer’s confidence as crisis fades

The results are particularly striking for Nigeria, whose banking industry neared collapse in 2009

Standard Bank Paid Joint CEOs More Than $2.6 Million in 2013

Standard Bank Group Ltd., Africa’s largest lender, paid its joint Chief Executive Officers Sim Tshabalala and Ben Kruger more than 28 million rand ($2.6 million) each, about 56 percent more than their predecessor.

Banks in Ghana are lazy – IMANI Chief

His comments on Saturday were the first such open reprimand of banks in Ghana

HFC Bank holds 23rd AGM

HFC Bank (Ghana) Limited on Thursday held its 23rd Annual General Meeting (AGM) in Accra to deliberate on its 2013 annual report

HFC Bank holds 23rd AGM

The Bank with a vision of becoming a leading universal banking institution in the West African sub-region and providing world class financial services

Merchant bank now Universal Merchant Bank

The bank following its new look and image intends to reclaim its position as the premier corporate bank and expand into retail banking.

Fidelity Bank’s Q1 profits down 25.08

Fidelity Bank is one of the earliest financial institutions to release its first quarter 2014 results

Retail Banking