Managers of Wealth Africa

Absa puts climate change on the agenda

Absa chair Wendy Lucas-Bull announces the group’s intention to begin investing substantial resources in understanding climate change

Barclays ‘spent Sh479m to lay off workers in 2018’

From having 6,900 employees in 2007, Barclays’ headcount has been falling over the years as digitisation programmes and search for increased efficiency took shape in a sector defined by cut-throat competition.

GCB to start investment banking

GCB has cut 300 of the 850 staff it took over in August 2017 from now-defunct UT Bank Ltd. and Capital Bank Ltd. and another 120 will leave this year, the MD said. The lender has 2,300 staff and 180 branches.

Barclays “Ultimate Account” Adjudged Best In West Africa

“The Barclays Ultimate Account enables its customers to pay a monthly bundled fee to cover all account transactions.

Goldman Sachs’ big, big bet on South Africa

Ramaphosa made reference to this in his 2018 State of the Nation address.

Goldman Partners With Investec in African Capital-Markets Push

The lender is partnering with Investec on equity trading

The contradictions of African banking

David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement.

The contradictions of African banking

The continent is trying to force financial inclusion at a time when international banks are leaving. It is a hotbed of innovation but still lacks essential infrastructure. So how should we look at banking in a modern Africa?

Stanbic IBTC Bank Partners Junior Achievement Nigeria On Financial Literacy

Stanbic IBTC Bank PLC, Chief Executive, Dr. Demola Sogunle, also shared the bank’s commitment to support and strengthen the Nigerian community through financial education, leadership, health, environment, and charitable conditions.

Dubai's Nimai Capital's Dh550.5m fund to invest in Asia, Africa

The Fund will be regulated by the Cayman Islands Monetary Authority.

Barclays Kenya replaces KPMG after two years

The decision mirrors that of its parent company Absa group which last year offloaded KPMG in the wake of the South African Auditor-General’s office also terminating its services.

Standard Bank experiences difficult domestic operating environment

Standard has to provide certain information periodically to the ICBC, so that the ICBC can equity account the group’s results.

Citi Expands ETF Servicing Capabilities in EMEA

The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies.

FBNQuest Merchant Bank Awarded Best Sukuk House

The Best African Sukuk HouseAwardadds to a growing portfolio of awards won by FBNQuestMerchant Bank at the EMEA Finance.

Investment banks record Heavy fall in revenues in Q1, 2019

In the region, listings fell heavily to $1.1 billion out of which $1 billion was made of extra investments.

Further details on Absa Group-Société Générale partnership to be available by Q2, 2019

The South African group Absa plans to expand activities in Africa with Nigeria as target and Egypt and Angola as potential targets.

Absa sees Nigeria expansion plan ready for second half

Absa has a representative office and securities licence in Nigeria, but needs to up the ante in one of Africa’s most promising banking markets in order to meet its ambitions.

Banks’ Impairment Charges Drop Further as Loan Repayment Improves

The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt.

European Investment Bank invests in Africa Industrialization Fund to support growth capital investments

The fund seeks to contribute to the development of the private sector in North Africa by increasing access to capital for local SMEs and mid-market companies.

Standard Bank Namibia not to follow SA on branch closures

In a recent statement the South African bank noted that the actual number of employees who will ultimately exit the employ of Standard Bank SA could be lower, as new opportunities will become available in the new operating model.

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