Managers of Wealth Africa

Alain Nkontchou: ‘Ecobank ranks among the top 3 in 15 African countries’

A great connoisseur of African markets and an entrepreneur who wears many hats, Alain Nkontchou

AWIEF And African Development Bank’s AFAWA Join Forces To Increase Access To Finance For Women SMEs

The two-year programme will create a profitable pipeline of investable businesses ready to access finance.

Absa sees positive growth in first half of 2022

As expected, non-interest income growth improved materially, rising by low double digits year-on-year.

FirstBank: More recognitions, awards for outstanding contributions

This global recognition is one the local banking industry and indeed the whole nation can be proud of as it puts Nigeria on the world map of countries with longstanding and stable banking sectors.

Sterling Bank to sustain growth

These represented 20.2 per cent increase in profit after tax and 4.8 per cent increase in gross earnings respectively.

KCB takes 77pc stake in merged Rwanda lender

KCB had acquired the majority stake in BPR from institutional investors Arise B.V. and Atlas Mara Limited.

Standard Bank forging ahead despite worsening economic environment

The group said in sub-Saharan Africa, higher food, fertiliser, and fuel prices had started to drive inflation upwards. Higher inflation had prompted monetary tightening.

Afreximbank mobilises $35b for African devt — Oramah

Prof. Oramah noted that African leaders, in the 1960s had taken steps for the continent to work together to pull the region out of its economic backwardness.

African Youths Are Catalytic Force to Propel AfCFTA, Says Afreximbank Boss

“It is our view that the youths will be catalytic force to the realisation of the AfCFTA agenda.”

Fitch Affirms UBA’s Rating at ‘B’, Outlook Stable

It noted that UBA’s National Ratings are driven by the bank’s standalone strength.

Bahrain ranks among top 10 performing MENA ecosystems in Global Startup Ecosystem Report

Ecosystem valuation jumped over 460% to reach more than half a billion US dollars in 2022

Mauritius Commercial Bank to open Nigeria office in Africa growth plan

MCB, which has $850 million in exposure in Nigeria, already has representative offices in Nairobi and Johannesburg as part of its push into Africa, in addition to its offices in Dubai and Paris.

Standard Chartered claims unwavering support for Africa

Its tagline ‘We’re here for good’ may refer more to the bank’s hope to be a driving force for positive and sustainable change across its key geographies.

Firstbank Secures $150m Afreximbank PATIMFA to Support Nigerian Businesses

The loan, it added, will also be used for the financing of trade debt payments falling due to avert payment defaults in trade debt obligations.

African economy on the upbeat despite pressures

The report said, “Africa’s growth forecast for 2022 points to continued fortitude even in the face of heightening inflationary pressures and geopolitical risks.

Banks reward savings accounts with 1.28%, lending hits 26.61%

With an inflation rate of 16.82 per cent as of April, he said if a person was getting returns as low as 1.28 per cent on savings, the gap was going to be too wide and there would be saver loses.

Discovery Bank to refund Vitality clients affected by Comair shutdown

The group went into business rescue in May 2020 after Covid-19 pandemic era lockdowns, travel bans, as well as rising fuel prices, wreaked havoc on the travel industry.

Nigeria’s Access Bank acquires Kenya’s Sidian Bank for $36.7m

The deal is said to still be subject to regulatory approvals in Nigeria and Kenya and will add to the acquisition deals in Kenya’s banking sector.

TymeBank is adding 130,000 people a month in South Africa – but there’s a hitch

“TymeBank is sustaining the momentum of acquiring about 130,000 customers per month."

African Development Bank to launch public financial management academy to build capacity in African countries

The Bank will establish a Policy Laboratory Unit comprised of certified global experts on public financial management who will be the faculty members to deliver the courses.

Retail Banking