Managers of Wealth Africa

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

FirstRand Bank's India unit reports net loss

It had total asset base of Rs 1,350 crore, comprising investments of Rs 890 crore in government treasury bills, certificates of deposit and commercial paper

South Africa’s youngest retail bank intends to open 80 new branches by February

This country needs more competition

Namibia’s EBank seeks share of SA-dominated banking sector

Despite the competition, Kalondo says EBank would be able to muscle in the market

The African Development Bank at 50

During last April, the African Development Bank Group announced a programme of activities marking the 50th anniversary of its creation.

Retail banks in Mozambique slow to reduce interest rates

Adjustments to interest rates by retail banks in Mozambique have been slow and too small in relation to the signs given by the central bank

Nigeria: Shareholders approve Union Bank’s $750m fresh capital

The shareholders of Union Bank of Nigeria Plc approved the Board of Directors resolution to raise the sum of US$750,000,000 medium term funding through the issuance of debt instruments, tenured bond or Teir 2 securities or a combination of these financing

Retail Banking