Managers of Wealth Africa

Ahmedabad to host African Development Bank meet next year

A MoU was signed between GoI and AfDB today regarding the holding of the Annual Meetings.

Stanbic Bank Commences Operations in Côte d’Ivoire

Stanbic Bank Côte d’Ivoire will provide the same high quality Corporate and Investment Banking products; advice; and service experience

African Development Bank inks missive with Mizuho Bank

The agreement marks the AfDB’s commitment to establish strategic partnerships that are catalytic to deliver its ambitious development agenda on the continent.

Barclays Africa names new head of trade

David Renwick has been tasked with running both global finance and trade for Barclays Africa

2016 BusinessDay Banking Awards: Access Bank, UBA, FirstBank, others win big

The bank’s chief executive officer, Herbert Wigwe, emerged the best CEO in 2016 while the bank was also named as the bank of the year.

Barclays Needs Time, Not Bob

Getting financing and regulatory approval was always going to be tough

Foreign banks tighten screws on Zim

Local banks have partnerships with international banks, which were used for foreign payments by customers wanting to buy products outside the country.

EU unveils plan to boost investment in Africa and the EU’s Neighbourhood

This will contribute to implementing the 2030 Agenda on Sustainable Development Goals and the Addis Agenda on Financing for Development.

Access bank sees strong trade finance growth through Dubai

Nigeria and Sub-Saharan Africa has huge potential despite the current economic slowdown

Futuregrowth Stands by Loan Freeze to S. Africa State Firms

The government and the ruling party criticized the decision. Insurer Old Mutual Plc, which owns Cape Town-based Futuregrowth, said it wasn’t notified beforehand and that the move didn’t represent the position of the rest of the company.

Standard Bank signs up New Development Bank

Membership of the bank will be open to member countries of the United Nations over time.

Reserve Bank to Increase South Africa 2016 Growth Forecast

The central bank said in July the economy won’t expand at all this year.

Junk means a spike in bad debt, bank warns

Business leaders needed to directly engage with the government and lawmakers to push for the right policies which would encourage growth, he said.

Barclays Africa sale said to stall as two Approaches falter

Investors are struggling to raise financing.

Recession: How far can banks go with IPOs?

The bank was issuing local currency bonds after scrapping plans last year to issue a $100m seven-year dollar bond because of currency risks.

Stanbic, Chinese bank cement ties

SBSA and NDB aim to take advantage of this cooperation agreement to support their respective clients as they grow their business in Africa and other emerging countries.

Danish bank becomes second money manager to stop lending to Eskom

The government said last week that Zuma will lead a new panel to oversee all state-owned companies

Standard Bank signs strategic agreement with New Development Bank

The new non-exclusive general business cooperation agreement will seek to foster closer cooperation between both banks, ranging from information exchange to investment banking.

S. Africa’s Biggest Debt Manager Halts Loans to State Firms

The decision won’t immediately affect lending to the government and other state bodies such as water boards and municipalities.

Banks lukewarm as SAA seeks proposals to reorganise debt

Standard Bank declined to comment because SAA is a client.