Managers of Wealth Africa

Mercantile Bank aims to double in size

Mercantile Bank which focuses on banking for entrepreneurs, plans to double in size in the next five years

Barclays Africa’s Retail, Business Units Record Turn Around

Absa had been South Africa’s leading retail bank for many years up until the lower end of the market was entered by the likes of Capitec, African Bank, Standard Bank, FirstRand and Nedbank, forcing Absa’s retail unit to lose some market share.

Ghanaian institutions modernise to capitalise on economic boom

It is here that three African financial institutions City Investments Company, NDK Financial Services and The Royal Bank are turning to new technology to realise their plans.

Hyprop Acquires 87% Stake In Africa Land

Third-biggest property fund listed on the Johannesburg Stock Exchange,Hyprop, has agreed to buy 87 percent of the issued shares in African Land Investments.

Barclays grants $2.6m to boost wealth creation among youth in Ghana

Barclays Bank has given a grant of $2,613,156 for the implementation of the second phase of the Banking on Change project

UBA and PostBank Partner to Roll Out Agency Banking Network

Speaking during the launch of the service, UBA Kenya Bank CEO, Mr. TunjiAdeniyi said the bank is targeting to aggressively grow its customer numbers

Credit conditions tightened in the country – BoG survey

The sector remained relatively stable, benefiting from healthy capitalization, as well as sound liquidity and profitability.

SSNIT hits back at critics of Merchant-Fortiz deal

The Social Security and National Insurance Trust, has downplayed reports that the sale transaction between Fortiz and Merchant bank did not go through the necessary procedures.

Bank of Africa's Net Income Drops 28.02pc

Profit after tax for the Kenya operation rose by 89.92 per cent to Sh623.01 million in the first nine months of this year from Sh328.04 million in the first nine months of last year

Kenya's I&M Bank 9-month pretax profit up 38 pct

The increased profitability for the other banks was mainly driven by a drop in interest rates.

Indian Banks Ramp Up Presence in Africa

Indian commercial banks are expanding their footprint in Africa by being on the ground, working with consumers and businesses, and building two-way trade and investment.

Barclays Kenya’s 9 Month Pretax Profit Edges Down 2pc

The lender, which is controlled by Britain's Barclays , bucked the trend among big banks in the east African nation

Kenya: Stanchart Profits Before Tax Rises to Sh9.9 Billion

Operating costs grew by 12 per cent to Sh7 billion driven by continued investment in infrastructure, technology and talent to support the bank's business growth.

Nedbank plans to increase stake in Togo-based lender

Nedbank plans to exercise an option it has from next month to buy up to a fifth of Ecobank Transnational in a deal valued at more than $500 million.

Diamond Bank Gives Assurance on Quality Financial Services Delivery

Diamond Bank Plc has reiterated its commitment to quality financial services delivery in an efficient, seamless and cost-effective manner across its branches in the country.

Co-operative Bank profits up 19pc to Sh8.91 billion

Co-operative Bank Group has announced a 19 per cent growth in pre-tax profit for the nine months period ended September 30.

FNB targets entering Ghana retail banking by end of 2014

The group has previously indicated that it is considering an acquisition of banks held by Asset Management Corporation of Nigeria, which holds Mainstreet, Keystone and Enterprise Bank.

With ICB Acquisition, First Bank Expands African Footprint

The four new markets have a total of 28 branches of which 17 are in Ghana, five in Guinea, four in Gambia and two in Sierra Leone.

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”

Retail Banking