Managers of Wealth Africa

Abajue: Alternative Banking Channels Will Not Eliminate Bank Branches

Increased promotion of alternative banking channels is not intended to eliminate the brick and mortar branches

Intrepid bankers reap rewards in Africa’s newest state

That was in 2005. KCB now has 21 branches in South Sudan generating 9 per cent of the group’s 15.2 billion Kenyan shillings ($175 million) in pretax profit for the first nine months of 2013.

Guaranty Trust Bank Acquires Kenya’s Fina Bank Group

The bank’s subsidiaries in Uganda and Rwanda are also set to undergo a similar change of identity.

Guaranty Trust Bank Post Profit

GT bank nine month results through September 2013 shows an increase in gross earnings by 9 percent

Ecobank Increases Zimbabwe Footprint

Africa-focused banking group, Ecobank Transnational has open two more branches in Harare to further expansion in the Zimbabwean market.

GCB, Barclays and StanChart named banks with the worst interests on deposits

According to the figures on the Average Interest Rates published by the BoG, interests paid by some banks on deposits from customers, for the month of October this year, was as little as three percent.

UBA’s Angola Entry Frustrated as Nigeria Bank Seeks License

United Bank for Africa Plc, which operates in 19 African countries, is renewing attempts to win an Angolan banking license after its first application expired.

GHIB signs US$30m loan deal with Kenya Commercial Bank

This move is a strong endorsement of GHIB’s strategy of expanding its footprints in the African continent.

Fidelity Bank, AFD Sign US$10m Agreement

Fidelity Bank Limited has signed a 10-year US$13million credit facility agreement with PROPACO,

Ghana: UBA Welcomes BOG's Second Round of Recapitalisation

Despite local banks reservations about Bank of Ghana's second round of recapitalisation which commences next year, United Bank for Africa Ghana Limited has welcomed the new GH¢120 million minimum recapitalisation

Barclays Africa in steadfast bid to win back clients

Each will cherrypick the regions that have contributed the most performance, the macro highlights and key funds which have done well for them.

Angolan banking group BIC wants to buy bank in Cabo Verde

Angolan banking group BIC, which in Cabo Verde owns BIC IFI , plans to buy a retail bank on the archipelago

Kenya: How Small Banks Felled Giants to Become Market Leaders

In the nine months to September 2013, indigenous banks overtook their multinational rivals in profit growth.

CBK approves Fina Bank’s takeover by Nigerian firm

FINA Bank will be renamed Guaranty Trust Bank Kenya after the Central Bank approved the takeover of the Kenyan bank.

Intrepid bankers reap rewards in Africa's newest state

Kenya Commercial Bank started small in Africa's newest nation, South Sudan - very small.

First Capital Plus Savings and Loans now a bank

First Capital started as a microfinance company and became a savings and loans company after operating for two years.

Ecobank Rated Cameroon’s Leading Bank

Ecobank Cameroon’s net profits significantly increased by 100 percent to 1.65 billion F.CFa” for the same period.

Expansion of population and wealth in Angola attracts retail trade

Angola is one of the most attractive markets for international retail trade

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.

Retail Banking