Managers of Wealth Africa

First Atlantic Bank To Be Transformed Into A Global Bank Out Of Ghana

The tape-cutting ceremony formally commissioned the new extension to its head office.

Fidelity Bank to release H1 result Sept. 28

Fidelity Bank Plc is to publish its financial statement for half year ended June 30 on or before Sept. 28.

DEG invests in Ghana’s commercial bank

DEG has provided a $30m long-term loan to First National Bank Ghana, a commercial bank in Ghana.

Covid-19 uncovers Nedbank's overexposure to SA market

Brown said the group's earnings in the first half of 2020 reflects the impact of the pandemic and resultant lockdown in the South African economy, where most of their operations are.

Four banks delay half-year reports

The bank’s primary regulator is still in the process of reviewing the AFS and same would be released to the market upon receipt of the said approval.

Access renames Moi-linked bank after Sh1.4bn buyout

Top owners of the 36-year-old Kenyan bank with 28 branches were companies owned by close associates of the late Moi, including Joshua Kulei, Simeon Nyachae and the former Vice President George Saitoti.

Top banks set aside Sh31bn for loan defaults

The provisions for bad loans cut the lenders’ net earnings by a third to Sh32.5 billion, making it the dominant factor in determining their profitability following the pandemic, overshadowing growth in interest income and fees on transactions.

Worst six months for banks as profit drops by 30 per cent

KCB, the country’s largest bank by asset size, relinquished its pole position as the most profitable lender after its pretax profit declined by 40 per cent to Sh7.6 billion.

Ecobank Group’s Pan-African Banking Sandbox is Live

The Sandbox is a major milestone for the Ecobank Group on it’s Open Banking strategy and it will accelerate partnership with Fintechs and other Partners across Africa

Richard Branson’s Virgin Cash is shutting down its SA bank card

Virgin Cash beforehand closed down an area insurance coverage enterprise, after its life and short-term insurance coverage providing failed to realize traction.

Ecobank connects 34 African countries with a unified cash management system

As the largest pan-African bank, Ecobank is on a mission to drive the economic development and the financial integration of businesses and individuals across Africa.

FUGAZ; Nigerian banks considered too big to fail

Why the biggest banks in Nigeria are too big to fail.

Ecobank Group wins the Award for Innovation in Financial Services from African Banker

The African Banker’s judging process sought to recognise the African banks that have demonstrated original and practical uses of technology to provide customer convenience

Access Bank; Women Financiers - big winners at this year’s African Banker Awards

The Awards are considered the Oscars of the African banking community and given the impartial selection and judging process are the most respected in the field

Nigerians shine at African Bankers Awards

The big winners this year were Nigerian-based group Access Bank and also women in the banking and finance sector.

Standard Chartered reports a reduced half year net profit of Ksh. 3.2B

The company has also put in place a support scheme for individuals and SMEs including extension periods and loan repayment holidays who are affected by the COVID-19 pandemic.

Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank

Kingdom Bank will now trade as a subsidiary of Co-op Bank, with its brand also donning the green colours that are synonymous with the Nairobi Securities Exchange–listed lender.

Standard Chartered half-year profit falls to Ksh.3.2 billion

Standard Chartered loan-loss buffers meanwhile rose four-fold to Ksh.1.6 billion from Ksh.379 million last year with the lender following an industry wide conservative trend of high provisions in the face of adversities arising from COVID-19.

Standard Bank acquires 35% stake in South African Fintech TradeSafe

TradeSafe Escrow received an undisclosed amount of funding in return for 35% stake

Ecobank Group announces 2020 Winners of Fintech Challenge

All 10 finalists were officially inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant

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