Managers of Wealth Africa

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.

Absa partners with UnionPay to provide easy banking for Chinese visitors in South Africa

Around 47,000 Chinese tourists visited South Africa last year, making South Africa one of China’s fastest growing tourist destinations.

South Africa’s Standard Bank awarded banking license in Ivory Coast

“Standard Bank – trading as Stanbic Bank – has been formally awarded a banking license in Côte d’Ivoire,” it said in a statement, adding that it was gearing up to commence banking operations but did not give a timeframe

Barclays Africa links up with blockchain drive

Members include parent Barclays plc, Credit Suisse, Goldman Sachs and JPMorgan...

Access Bank wins int’l award

The feat makes Access Bank Plc the first African bank to win the global award.

Investment banks still glum about outlook

Confidence levels in retail banking posted a stronger recovery, rising nine points to 55.

Dubai's NBD And Moroccan Attijariwafa Bank Eye Barclays Egyptian Unit

It will also be recalled that in May, the company announced its intentions to divest part of its 62 percent stake in Barclays Africa to a level, which would permit it to de-consolidate Barclays Africa from a regulatory perspective.

Bernard Adjei is UK’s Young Banker of The Year Qualifier

He attended the University of Bolton gaining a degree in Business Information System.

Access Bank Emerges 1st African Bank to Win Karlsruhe Sustainability Award

The prestigious award was conferred to Access Bank, the first African financial institution to win the award in recognition of the Bank’s ability to holistically embed sustainability across the financial institution.

Societe Generale Ghana conference on global transactions banking held

Societe Generale Ghana has organised a conference to update its clients on its Global Transaction Banking (GTB) service

NBE ranked 1st in managing syndicated loans in Egypt, Africa

The bank makes use of its huge capital of over32 billion pounds to pump more funds into the Egyptian market.

Barclays in an orderly retreat from Africa

Which ultimately led to its decision in 2016 to sell down the shares in its African unit to avoid having to hold capital against it.

CfC Stanbic seeks shareholders' nod to rebrand to Stanbic

The holding company will also change to Stanbic Holdings.

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