Managers of Wealth Africa

Standard Bank scoops award at SME Bank Of the Year Awards 2020

Standard Bank has received global recognition for its efforts in assisting SME clients in SA

S.A’s Standard Bank eyes higher share in Angolan branch

Standard Bank is targeting a country that is ranked among the six African states

JPMorgan gives another endorsement on local banks’ prospects

US investment bank says current valuations are attractive relative to regional and emerging market peers

African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa

The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020

Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg

Investment banking fees earned in Sub-Saharan Africa hits a six-year low of $523.7 million in 2020

The report stated that the energy and power sector generated the highest investment banking fees for the aforementioned period.

Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative

The Great Green Wall’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel

World Bank gives $10m loan to I&M

This will ensure small businesses are well equipped to navigate the difficult waters of Covid-19,"said IFC’s resident representative for Rwanda Dan Kasirye.

Kenyan bank Stanbic disowns research note on diverging shilling rates

The exchange rate has long been a sensitive issue.

Nedbank announces new fees for 2021

Of the active accounts, only the Savvy Bundle account saw an increase to its monthly handling charge.

Standard Bank shares fall on poor earnings guidance

Africa’s largest bank by assets said that its personal and business banking (PBB) client relief portfolio in South Africa continued to be under pressure.

Standard Chartered nine months profit falls by 31 per cent

The bank saw its net interest income decline by 2.7 per cent to Ksh.14.3 billion while non-interest funded income (NFI) fell to Ksh.6.3 billion from Ksh.7 billion last year.

Standard Bank’s Money Market Select account offers investors flexibility and higher interest rates

Invest from R100,000 with a competitive rate of up to 4.65%

Capitalmind, Investec and BlackArch team up for global footprint

Three corporate finance and investment banking boutiques – Capitalmind, Investec Bank and BlackArch Partners – have entered into a strategic partnership in a move that provides them access to a global network of like-minded dealmakers.

Nedbank revises growth forecast for 2020

The bank said the Covid-19 pandemic, subsequent lockdowns and market volatility in March were “extreme events” and its negative impact is expected to continue for “some time”.

Big shake-up at Standard Bank

Group reorganises consumer-facing divisions to create three new units

Standard Bank to go ‘customer-centric’ in executive shake-up

Standard Bank, which operates across 20 African countries, is digitizing its systems to fend off fintech firms encroaching on its customer base.

BNP Paribas operations in Guinea and Burkina Faso sold

The bank said it would integrate the new acquisitions into its systems

Standard Bank preparing to advance African operations to fight off fintechs

Lenders from Kenya to Ghana are having to contend with a burgeoning mobile-banking industry that allows anyone with the simplest of phones to transfer cash.

Investment bank Faida, UK’s VSA Capital ink deals pact

VSA Capital has offices in London and Shanghai and provides corporate finance, advisory and capital markets services to private and public firms.

Investment Banking