Managers of Wealth Africa

South African Bank Targets Nigerian Market

The bank needs a competitive advantage before it can enter Nigeria

Nigeria's Diamond Bank H1 pre-tax profits up 14.2 pct

Nigeria's Diamond Bank , said its half-year to June 30 pretax profit rose 14.2 percent to 17.56 billion naira compared with 15.37 billion naira in the same period last year

Barclays’ South Africa unit Absa H1 profit up 8 percent as bad debts fall

Absa Group the South African bank majority owned by Britain’s Barclays Plc posted an 8 percent rise in half-year earnings after its bad loans shrunk.

UBA achieves impressive performance in key parameters, posts N33.2b in half year

United Bank for Africa Plc, one of the largest financial institutions in Africa has continued with its impressive results for the financial year with a profit of N33.2bn, for the half year ended June 30, 2013

Guaranty Trust Bank Adjudged the 2013 African Bank of the Year

The African Banker Award recognizes financial institutions across the continent that have emerged as industry leaders

Kenyan, Nigerian banks posting strong returns

Banks in Kenya and Nigeria have delivered far better share price returns in 2013 than their South African counterparts, a sign of confidence in these markets by investors.

World Bank Excellence Award: The Good Example From Cameroon Wins

The 2013 Excellence Award on Performance Based Financing For Projects in Africa Partly Sponsored by The World Bank Has Been Won by The Investment Support Project for the Health Sector in Cameroon

Nigeria: Skye Bank Posts N10.5 Billion Profit in Second Quarter

Skye Bank Plc has said its profit before tax increased to N10.5 billion as at June 30, 2013, as against the N9.9 billion realised the corresponding period in 2012.

Fidelity Bank Says14 Per Cent Half Year Profit

Nigeria’s Fidelity Bank said its half-year pretax profit rose 14.2 percent to 11.19 billion naira ($69.5 mln), up from 4.23 billion naira a year ago

Nigeria's unity Bank H1 pre-tax profit up 24 pct

Nigeria Unity Bank said its half-year pre-tax profit rose 24 percent to 4.35 billion naira ($27.17 million), compared with 3.52 billion naira in the same period a year ago.

Nigeria's Skye Bank says H1 profit up 5.5 pct

Gross earnings at the mid-tier bank rose to 71.16 billion naira

High Expectations as GTBank Expands into East Africa

Having stamped its footprint on the West African region, leading Nigerian financial institution, Guaranty Trust Bank Plc (GTBank), has begun its expansion into East Africa with the aim of becoming the preferred bank in the continent.

Barclays Africa Wins Regulatory Approval for Merger With Absa

Barclays Plc gained regulatory approval to merge its African operations with Absa Group Ltd.

Ecobank Gets Affiliate in South Sudan

Ecobank Transnational says it has opened an affiliate in South Sudan.

Stanbic IBTC Re-Strategises For Retail Banking Services

Stanbic IBTC Plc has unfolded plans to strengthen its position

GTBank to acquire 70% stake in Kenyan Bank

Parent company of Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank Plc has reached an agreement to acquire a 70 per cent stake in Kenya's Fina Bank Limited for $100 million,

Stanbic IBTC To Grow Retail Business

Stanbic IBTC Bank said it will adopt sustainable strategies to strengthen its retail banking business in Nigeria.

Zenith Bank ranks number one in Nigeria, among world’s top 1,000

ZENITH Bank tops Nigerian banks in this year’s Top 1000 World Banks Ranking of The Banker Magazine of the Financial Times Group, London, United Kingdom.

Standard Bank Group named Best Investment Bank in Africa

Standard Bank Group also received awards for Best Equity House and Best Risk Manager in Africa.

Gambia: Access Bank Introduces Gambia's First Visa Debit Card

ccess Bank Gambia Limited, the trendsetting bank in many respects, has introduced the Gambian banking industry's first Visa Classic Debit Card to fast-track business and financial transaction