Managers of Wealth Africa

SASSA MasterCard Debit Card Grows Financial Inclusion in South Africa

It is clear that electronic payments are being embraced by millions of South Africans

Too-big-to-fail designation to reduce banks’ ROE – RenCap

The Central Bank of Nigeria draft document which has designated eight banks as “too big to fail”

Firstbank Buys ICB's West Africa Operations

The transaction has been effected through the completion of a Conditional Sale and Purchase Agreement with ICBFGH.

Liberia: Several Saddened By Deputy Central Bank Governor's Death

Several Liberians have described the demise of the Deputy Governor of the Central Bank of Liberia for Economic Policy as a great loss not only to the CBL, but to country as a whole.

First Bank Notifies NSE On Acquisition of Ghana's Major Bank, ICB

First Bank denied it saying that the deal was yet to be concluded.

Standard Bank puts UK unit up for sale to focus on Africa

Standard Bank has announced the latest step in its long-term strategy of selling off its non-African operations with Friday’s Stock Exchange News Service

Barclays Targets Nigerian Banks

GTBank has maintained a relatively clean track record and has grown organically to become one of Nigeria’s largest banks.

Kenya: 138 Percent Rise in Family Bank Q3 Profit

Family Bank has recorded a 138 percent growth in pre-tax profit for quarter three,

Nedbank Opens Africa’s First ‘Green’ Bank

The bank draws energy from solar and wind sources, then converts it to standard mains electricity which is fed into the national grid, effectively cancelling out its own consumption.

UBA Assures Shareholders on High Returns

The Group Managing Director, United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has assured shareholders that the bank is focused on delivering full year results that will adequately reward them. Oduoza gave this assurance while commenting on the ba

GTBank records healthy rise in 3rd qtr profits

The group’s Managing Director/Chief Executive Officer Mr. Segun Agbaje had attributed the bank’s success to the continued support of its customers, hard work and strong corporate governance standards.

GTBank Records Healthy Rise in 3rd Qtr Profits

Guaranty Trust Bank Plc, parent company of Guaranty Trust Bank Limited has announced a profit before tax of US$512million for the nine months ended September 30, 2013

Banking-Kenya: Banks Go Out For Outstanding Loans

Banks now plan to aggressively pursue lenders in the current quarter to increase value of loans recovered and boost their asset value.

Bank of Fujairah plans big Africa expansion

National Bank of Fujairah may open trade finance offices in Africa as part of an expansion of foreign business

Nigeria's Union Bank 9-Month Pretax Profit Falls Sharply

Nigeria's Union Bank said on Thursday its nine month pretax profit fell 46.16 percent to 6.81 billion naira, from 12.65 billion naira last year.

KCB Posts 17pc Q3 Growth To Sh15.2bn

Net interest income for the nine-month period grew by 12 percent to Sh24.3 billion up from Sh21.7 billion during the same period last year.

Nigeria: Zenith Bank Declares N69 Billion Q3 Profit

Zenith Bank Plc has reported a profit after tax of N64 billion for the nine months ended September 30, 2013 with the loans and advances portfolio hitting N1.1 trillion.

Skye Bank reports record gross earnings

In the third quarter to September 30, 2013, Skye Bank Plc recorded gross earnings rise of N102 billion from N94 billion in the corresponding period of 2012.

Nedbank ‘performs solidly’, says CEO in trading update

The group’s capital adequacy ratio remained within its respective internal target ranges, with the common equity tier-1 ratio at 11.6% following the payment of the interim dividend in September 2013.

UBA Global Investor Services is Nigeria’s Custodian Bank of the Year

Acquisition International’s 2013 Finance Awards are the only awards that celebrate achievement, innovation and brilliance from an international perspective.

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