Managers of Wealth Africa

African Development Bank backs integration of capital markets

To bolster cooperation among their stock exchanges

Chase sells subsidiary to support bank’s capitalisation

He however, could not reveal what the transaction price was, citing that the sale was a private transfer and that the details could only be sanctioned by the Capital Markets Authority.

A UAE merger play that can set precedents

As a statutory coming together, the NBAD-FGB deal sets the bar high

Kenya: Stanchart Opts for Less Risky Lending to the Government

The bank reported a profit of Sh5.2 billion in the six months ended June, up from Sh3.8 billion in a similar period last year.

Standard Bank Earnings Rise on African Focus

Profit measure climbed 4.7% in the first half and the bank has increased its interim dividend

Equity Bank beats KCB and Barclays on investor returns, CBK data shows

Equity Bank delivered the best returns for investors

SARB hits banks with R34.5m in fines

SARB says these fines emanated after inspections were conducted to see whether banks have appropriate measures in place as required by legislation.

Standard Bank to connect Africa clients

The event is slated for October 3 – 5 in Ghana.

Africa, China banks sign $1bn deal

Afreximbank president Dr Benedict Oramah and his ExportImport Bank of China counterpart Mr Lui Liang signed the cooperation agreement during Afreximbank’s shareholders 23rd annual general meeting in the Seychelles last week.

FMO, Norfund and Rabobank team up in financial investment

They said as a proactive shareholder they would engage in a handson manner with NMBZ to help it grow and realise its ambitions.

Stanchart to Increase Investment in Africa

The statement quotes the bank's regional chief executive officer for Africa and Middle East, Sunil Kaushal, as saying in Ghana that the focus will be on corporate and commercial segments.

‘Barclays will not change its credit underwriting standards’

Kgotso Bannalotlhe is the Head of Corporate and Investment Banking at the Barclays Bank of Botswana. In fact he is “the diamond man” at the bank, having driven Barclays steady entry into the diamond sector.

Tanzania: Lender Receives Sh34 Billion in Capital Injection

Stanbic Tanzania is a subsidiary of the Standard Bank Group which has a market capitalization of approximately $11.8 billion

Barclays hails resilience of new strategy

Barclays Africa’s share price has gained more than 11 percent since its parent company, Barclays, announced that it was selling its 62.3 percent stake in Barclays Africa.

Door open for Barclays to cut Africa stake below 50%

Barclays CEO Jes Staley, who took over a year ago, decided in March to sell down the stake in its African operations

Ghana stays in top five as Barclays Africa’s revenue grows

This translated in a 1.29 percent credit loss up from 0.97 percent in 2015.

Barclays Africa gains slowly

The results were better than expected and showed “strong top line growth from the rest of Africa,” Patrice Rassou

Stanchart to concentrate on organic growth in Africa

Barclays Plc is selling down its 62 per cent stake, which is worth some $5 billion, in Barclays Africa Group (BAG) under a plan by new Chief Executive, Jes Staley

MTN Names Citigroup, Standard Bank as Nigeria Listing Advisers

MTN agreed to list the unit in Nigeria, the company’s biggest market, as part of a deal to pay a 330 billion naira fine in cash to the Nigerian government for missing a deadline to disconnect unregistered subscribers.

AfDB applauds Morocco on investment drives

AfDB cooperation with Morocco is not merely a financial relationship, added the Moroccan Minister of Economy and Finance.