Managers of Wealth Africa

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.

UPDATE 1-South Africa's Capitec Bank FY profit jumps on strong client growth

Launched in 2001 as a micro-lending business, Capitec is positioning itself as a full-fledged bank with no-frills account, savings and insurance and credit card products to cut its reliance on unsecured loans, which rely solely on a customer’s promi

BNY Mellon Debuts Service to Evaluate Environmental, Social and Governance Factors in Investment Performance

BNY Mellon clients will have the ability to view their total ESG and UNGC scores on equities at the account level versus relevant benchmarks over time.

Barclays Kenya profits suggest wider gains in banking sector

The lender’s response to the rate cap included launching Timiza, a mobile lending app, and hiring a chief data officer.

AfDB pledges USD25 billion to mitigate climate change effects

The Bank will continue this trend into the future.

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025

The Bank’s commitment on the target, the highest among all multilateral development banks, has progressed steadily from 9% in 2016 to 28% in 2017 and 32% in 2018.

Jobs in jeopardy due to changes in the S. African banking sector

Speculation is rife that the restructuring might affect over 800 employees.

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