Managers of Wealth Africa

Kenya's KCB to offer Islamic banking in all its branches

The lender will initially roll out Islamic banking services through seven branch centers, beginning from next month.

UBA records 21.4% profit decline in Q2

The Nigerian Stock Exchange on Friday published the second quarter 2014 result of United Bank for Africa with profit after tax of N11.0 billion

First Atlantic Bank On Expansion Drive

“Our branch roll-outs is a testimony of our strong belief in the resilience of the Ghanaian economy and its long term prospects,” the Board Chairperson concluded.

Access Bank opens support contact centre

At the launch in Accra, the Managing Director, Mr Dolapo Ogundimu, said “our customers remain at the heart of our business

Union Registrars restructures for growth

As part of strategic moves to sustain its competitive edge, Union Registrars Limited, which has recently attracted a new core investor, Citadel Nominees Limited, has embarked on review of its business processes and broadening of portfolio.

NIC Bank group profits up 11 per cent

Total income for the first half was Shs 5.4 billion compared to Shs 5.0 billion in the first half of last year

Zenith Bank H1 profit rises to N57.86 billion

Gross earnings rose to N184.4 billion during the six month to June 30 from N171.0 billion a year earlier.

UBA Capital Posts N1.5bn Profit Before Tax in Six Months

UBA Capital Plc has reported a profit before tax of N1.497 billion for the half year(HI) ended June 30, 2014, showing an increase of 23 per cent above the N1.221 billion recorded in the corresponding period of 2013. The unaudited results made available b

Kenya’s Equity Bank to double Rwanda portfolio, target SME lending

One of the secret behind the Bank’s success in Rwanda has been the philosophy of retail banking approach.

Jamii Bora Bank, Postbank Enter Agency Banking Co-operation

Jamii Bora Bank Limited and the country’s premier savings bank, Postbank, have launched an agency banking relationship to enable JBBL to reach more customers across the country.

Union Bank partners Wakanow on N1 bn affiliate lending

Union Bank of Nigeria Plc has entered into partnership with Wakanow.com to provide a global limit of one billion (N1 billion) for Wakanow affiliate agents.

Old Mutual’s Omcard

Old Mutual is not a bank

Ecobank Moves to Boost Efficiency

The GCEO noted that the also enhance existing efficiency initiatives, the bank will re-examine more structural issues

Ecobank Group to strengthen Kenyan subsidiary

Ecobank Group has set its sights in Middle Africa due to the region’s large demographics and heavily unbanked population

ICICI Bank to open China, South Africa branches this fiscal, says MD and CEO Chanda Kochhar

Our focus is on Indian companies expanding into foreign markets

HSBC pulls out of Libya with office closure

Bank to close office in Tripoli, ending 50-year presence in the North African state

Ecobank To Invest $100m In Kenyan Business

The group CEO said the bank plans to further capitalise the Kenyan business in 2014 so as to make it a strong hub or Ecobank operations in the region

FNB opts to start from scratch in Ghana

The group was in the process of getting a banking licence

S/African bank unveils money transfer service in Mozambique

The recipient does not need a FNB account and can receive cash at any of the bank’s branches in Mozambique

Bidvest moves to acquire Grindrod Bank

And expand its financial services offering

Retail Banking