Managers of Wealth Africa

StanChart Launches Cross Border Banking

Standard Chartered Bank says it has launched “cross border” banking in an effort to give an all-in-one banking facility to small business clients throughout the East African region.

Standard Bank aims to keep dominance in Africa

The bank has increasingly focused on its African network following the downsizing of its London office

Moghalu, Six Bank CEOs for CIBN Fellowship Awards

The Deputy Governor, Financial System Stability, Central Bank of Nigeria Dr. Kingsley Moghalu, and six group managing director/chief executives of banks are among the personalities to be conferred with the fellowship of the Chartered Institute of Bankers

Standard Chartered to Win Angola License in 2013: Lopes

Angola, which already has 23 lenders operating in the country, is trying to boost lending and banking services in a market

Canara Bank to open branches in Johannesburg, Frankfurt by March 2014

Bangalore-based public sector lender Canara Bank plans to expand its overseas branch network during the current fiscal

Skye Bank to Deepen Retail Banking Operations

The Central Bank of Nigeria recently raised the cash reserve requirement for public sector deposits in banks to 50 per cent.

South Africa’s Foschini says has offer to acquire RCS unit

South African retailer Foschini Group said on Friday it had received an unsolicited offer for its majority stake in a consumer finance joint venture it has with Standard Bank Foschini

ABC buoyed by rapid retail banking growth

ABC Holdings’ pre-tax earnings grew 77% in the six month to June buoyed by growth in retail banking.

Kenya Bankers Bid Farewell to President Kibaki

This year the organisation has been hosting a series of events to celebrate the 51st year of the organisation.

Standard Bank’s profit rises 14% on increased lending

Standard Bank Group produced a good set of results in the first half of 2013 despite the challenging South African and international environment

Land Bank's bid to rebuild investor confidence

Wants 35% of the agricultural finance market by 2016.

Family Bank profit up 132pc on huge loan book

The restructuring and expansion of Family Bank in the course of last year seems to be yielding fruit. The bank’s profitability for the six months to June has gone up 132 per cent.

Ecobank integrating East African community

Eco- bank Uganda’s Managing Director, Michael Monari says their Bank is well positioned to contribute to the success of the East African Community integration process

Standard Bank Kenya Unit Climbs to Two-Year High on Profit Jump

Standard Bank Group Ltd's Kenyan unit rose to the highest level in more than two years after first-half profit surged 81 percent, beating other lenders in East Africa’s biggest economy.

Kenya's Diamond Trust Bank posts 22 pct rise in first-half profit

Kenya's Diamond Trust Bank increased first-half pretax profit by 22.3 percent year on year, helped by growth in net interest income

Ghana: Unibank to Open Five More Branches By the End of the Year

The move is to bring its world class banking services to the door steps of its customers across the length and breadth of the country.

GTBank upgrades social banking service

Guaranty Trust Bank plc has once again raised the service bar for African Financial Institutions, by upgrading its Social Banking offering on Facebook to accommodate Instant GTBank Account Opening.

Botswana grants two licences to Indian banks

Some African companies have also been looking for opportunities in Asian countries to trap the trade flow between the continents

Diamond Bank announces 14% growth in operating income

Diamond Bank remains on track to deliver superior returns to shareholders at year end with an impressive first half H1 2013 result after declaring a profit before tax of N17.6 billion- an increase of 14 per cent – from N15.4 billion in June 2012.

Ethiopia: CBE Posted a Record 8.4 Billion Birr Profit

Commercial Bank of Ethiopia posted a record 8.4 billion Ethiopian birr profit for the 2012/13 fiscal year, a sizable increase over the 7.9 billion birr reported in the same period last year.