Managers of Wealth Africa

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.

Standard Bank to shut 91 branches as customers go digital

Standard Bank’s South African unit “will implement a comprehensive exit package which significantly exceeds the requirements as set out in the Labour Relations Act”, the lender said.

South Africa's Absa bank full-year earnings dip

HEPS is the main profit measure in South Africa

Absa lifts dividend in a year of change for the bank

The lender also gained market share in deposits which grew by 11% with strong growth in fixed and notice deposits.

How UBA UK will serve trade, capital needs of African customers

UBA UK was formerly introduced to business leaders across Europe and Africa with a commitment from the UBA Group of its readiness to galvanise trade and commerce between Europe and Africa.

S.Africa's Standard Bank posts leaner FY earnings growth

The bank had delivered sustainable earnings and improved its return on equity to 18 percent, underpinned by the strength and breadth of its franchise, Standard Bank CEO Sim Tshabalala said.

Databank Boss educates clients on investment banking

Attendees of the programme were elated as most of the questions on their minds with regards to the financial sector was answered by the CEO.

Nedbank headline earnings up 14.5%

Nedbank, which employs 31,277 people, said it increased its retail main-banked clients by 7%, giving it a market share up to 13.1%.

Rest of Africa drives Nedbank earnings growth of 14 pct

Earnings at the bank’s South African retail operations rose 1.5 percent

Ghana Needs a Vigorous Investment Banking Industry

He advised the public to seek investment advice from experts before jumping to invest

Absa unit acquires sister company’s life insurance business

The move to acquire the portfolio comes close to four years after Barclays Africa, now Absa Group, bought a controlling stake in First Assurance for about Sh2.9 billion as the Johannesburg-based lender sought to gain a foothold in Kenya’s insurance

Barclay’s Timiza surpasses expectations to reach 3M customers in 9 months

From the platform’s notable reception in just under 12 months,

Turkey explores investment opportunities in Zambia

He however expressed concern that the trade volume between Zambia and Turkey, which stands at US$ 22 million has remained relatively low.

10 major banking trends you can expect to see in 2019

Open Banking regulations from Europe to Hong Kong, Australia, Singapore, and — soon — Canada are fragmenting traditional retail asset and liability gathering in most markets.

Deutsche Bank Plans to Rebuild South Africa Staff After Cuts

German lender also plans to expand in the Middle East region

EIB invests US$3.74bn in Africa’s priority sectors

“Looking ahead, as the world’s largest IFI financier of digitalisation the EIB is strengthening its cooperation with African and international partners to support digital transformation and the reduction of the gender digital divide across the

South Africa takes huge economic leap

The agreement “offers great opportunities to place South Africa on a path of investment-led trade and to work with other African countries to develop their own industrial capacity”, said Ramaphosa.

Deutsche Bank contributes to building major infrastructure across Ghana

He added, “We are excited about the positive impact these transactions will have to help support economic growth and development here.”