Managers of Wealth Africa

East Africa: Equity in League of 25 Biggest African Banks On Fast Growth

The lender posted a 29.8 per cent growth in core capital last year to Sh65.5 billion making it the 25th largest bank in Africa and position 835 in the world.

Branding question stalks Barclays Africa, Absa

Until the surprise decision earlier this year to sell its interest, Absa had been involved in a gradual process of introducing the Barclays name, in a campaign called "Project Serengeti".

Barclays Opens New Branch In Kenya

He assured customers that the bank would not close down.

Was Standard Bank hacked in R300m heist?

New report suggests bank’s computer system may have been compromised before heist.

Inside the luxury R70 million home of a former SA banking exec – on auction

The luxurious and ultra-modern ‘Glass House’ is located off Rocklands Road in the suburb of Rooi Els, overlooking False Bay in the Western Cape.

South Africa's Standard Bank fined $800 by Angola's cbank over forex violations

Standard Bank is of the view that it has not transgressed or misinterpreted the framework for implementation of foreign exchange resources and will defend its position.

EIB establishes office in Ethiopia

The signing of the agreement is an important milestone in the longstanding relations between Ethiopia and the EIB with regards to providing finance to key infrastructure projects.

Bank of England, offshore centres holding SA gold worth R75bn

The reason for storing most of South Africa’s gold in offshore bullion centres was that it was “operationally efficient” to do so should the need arise to conduct gold transactions.

Pan-African lender Ecobank may close some operations

But falling global commodity prices that have hit economies in countries such as Nigeria and Ghana have caused revenue to slow, profits to fall and triggered a shift in approach.

Citigroup Says Credit Trading Executive David Cohen to Leave

Combined debt trading revenue fell 29 percent in the quarter at nine of the largest firms, part of a multi-year decline as the business faces headwinds from skittish investors and new rules.

Tanzania’s M Holdings gets CBK nod for Oriental Bank stake

The transaction and consequent changes are expected to be completed by September this year.

FBN Capital to boost investment banking

FBN Capital, the investment banking and asset management subsidiary of FBN Holdings Plc, was recognised for consistent and outstanding performance by three financial awards institutions.

Rwandan Tobacco Millionaire Tribert Rujigiro Sues Kenyan Investment Bank For $570,000

In 2008, Rujigiro purchased 8.8 million shares in Safaricom through Dyer & Blair for Ksh 61.4 million, which at the time was equivalent to $1 million.

Government to Allocate TZS100b to Tanzania Investment Bank Group in 2016–2017

The TIB Group is comprised of – TIB Development Bank, TIB Corporate Finance, and TIB Rasilimali.

GN Bank Liberia Limited Pledges Excellence Banking Service

We pledge to serve with discipline and enthusiasm”, the bank stated.

FBN Holdings: Still Profitable Against All Odds

The bank succeeded in improving its gross earnings against the tide of very harsh operating environment as driven by increased interest income on loans to customers

NIB’s profit grows by 51.28 percent

The National Investment Bank’s profit after tax for the year 2015 grew from GH₵ 79.39 million in 2014 to GH₵120.11 million

Standard Bank Launches New Insurance Product

Standard Bank Chief Executive Phil Mnisi said the product covered family members, spouses and other dependants.

Zambia: AfDB to Curb Illicit Financial Flows

Dr Adesina said that over US$50 billion was being siphoned out of Africa through tax avoidance and evasion.

PIC considers black consortium for Barclays Africa

Barclays Africa is one of the big four banks that dominate South Africa’s financial sector.

Investment Banking