Managers of Wealth Africa

FBNQuest Raises Target Price of Zenith Bank on Improved Results

The analysts explained that the upgrade to their forecast underpined the 12 per cent upward revision to our 2021 FY earnings per share (EPS) forecast.

EAC pushes to align regional bank with bloc's structure

The group was made up of experts from finance ministries, attorney-generals’ chambers, central banks, the EADB itself and ministries responsible for EAC Affairs.

Ecobank Nigeria’s bond sale shows African corporate debt markets open for business

Ecobank Nigeria is the largest single-country operation of the Ecobank Group, which operates in 33 African countries.

Standard Bank Group establishes Africa’s first Hedera network node

Standard Bank Group has been a pioneer in leveraging blockchain and distributed ledger technologies to bring speed and transparency to its large and growing customer base across Africa.

Access Bank’s N10m for accelerator

This initiative would have a direct impact into the economy because it is targeted at the medium scale businesses and these are the businesses that can change economies in terms of reducing employment rate and socioeconomic levels.”

Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say

The Africa Investment Forum was working to promote content deals as well as digital infrastructure projects to advance creative industries, including support to smaller players

FNB voted Africa’s Most Valuable Bank Brand for a second year

In the last year our brand pushed boundaries in adding value to customers’ lives in a time of uncertainty

Discovery Bank reports ‘pleasing progress’ in difficult trading period

Following early teething problems, the group said that the IT systems are managing the growing customer and transactional volumes well and proved very stable over the 2020 year-end period, maintaining a systems uptime of >99.9%.

Stanbic IBTC Offers Low-Interest Agric Loans

Oshin noted that agricultural enterprises could access overdraft to finance their short-term cash flow and working capital needs.

FNB recognised as Africa’s Most Valuable Bank Brand second year in a row

The top-performing SA brand in the 2021 Brand Finance Banking 500 ranking

Banks cut deposit rates to eight-year low

The falling returns on savings is a blow to high net worth investors and cash-rich firms who last year opted to hold onto cash, leading to a pile-up in bank accounts.

Access Bank Looks Outside Nigerian Market for 30% Profit Jump

It said this year it will expand in eight new African markets by setting up offices in some countries, partnering with existing banks in some nations or deploying digital platforms to provide services to customers.

Where will the Middle East and Africa fit into HSBC's revamp?

HSBC's Middle East and North Africa, or MENA, unit contributed 4.32% of group pretax income in the third quarter of 2020, a recovery from negative 1.16% in the previous quarter, according to S&P Global Market Intelligence data.

TymeBank tiptoes into lending

After Covid-19 scuppers plan to launch unsecured loans.

Access Bank Commences Accelerator Program, to Empower Startups

The accelerator program which opened its entries last month, received 306 registrations and after rigorous assessments was later shortlisted to 30 participants.

Access Bank, Lagos partner on soft loans for female entrepre

This means applications from non- indigenes who are resident in Lagos and own at least 50 per cent ownership in either start-ups, micro enterprises, or small and medium enterprises will be accepted for consideration.

T-bills fall by Sh102bn in a year

This has heralded issuance of longer dated Treasury bonds, raising the average period to maturity to 8.5 years in January from 7.96 years a year earlier, and 7.09 years in January 2019.

Banks' fossil fuel exposure criticized as South Africa plans 'just transition'

Absa and Nedbank declined to comment, while FirstRand and Standard Bank did not respond to questions from S&P Global Market Intelligence.

BankservAfrica selects TCS BaNCS' to drive South Africa's rapid payments program

Tata Consultancy Services' Market-leading Clearing Product to Support South Africa's National Initiative for a Modern and Scalable Central Payments Infrastructure that Enables Real-time Retail Payments

Uganda central bank holds key lending rate, says economy has lost momentum

The bank said"The economic upturn is proceeding at an uneven pace" as anti-coronavirus measures continue to weigh on economic activities like education, hospitality and tourism.

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