Managers of Wealth Africa

Equity Bank enters deal to boost global visibility

Equity Investment Bank has entered a new partnership to allow it gain international visibility.

Ecobank sinks $120m into Zimbabwe

Pan African bank, Ecobank Zimbabwe says it has extended and deployed $120 million in lines of credit harnessed from within the Ecobank group and external financiers to support both the local corporate world and government programmes.

Zimbabwe: UAE Firm Seeks Funds to Start Ops

The company has already obtained an investment licence from the Zimbabwe Investment Authority to start its operations but the bank has been submitting funding approvals from shareholders and other relevant authorities.

Standard Bank takes $80 mln hit on suspected China fraud

South Africa's Standard Bank said on Thursday it took an $80 million writedown from its exposure to a suspected metal financing fraud in China.

German bank expands credit line managed by BNI in Angola

The 40 million euro credit line opened in 2013 by Germany’s Commerzbank in favour of Angola’s Banco de Negócios Internacional has been increased to 70 million euros

CRDB's Indian desk bridging Tanzania, New Delhi businesses

CRDB Bank has launched a special banking platform for Indian business communities’ that will allow them to utilize the banks numerous financial facilities without necessarily having to open accounts with the bank.

Nedbank’s Corporate Property Finance Division head retires

Who is also independent non-executive director of JSE-listed property funds Sycom and Acucap, made steady growth on Nedbank’s loan books.

African Bank group CEO steps down

Disbursements for nine months ended june 2014 declined to r14.1 billion, 20% lower than disbursements of r17,7 billion for comparable period

Standard Bank: investment key to closing Africa’s energy gap

The strategic partnership has already seen both companies commit to a US$ 350 million financing agreement

Standard Bank’s Kenyan Unit Targets Top Three Rank in Country

Standard Bank Group Ltd. (SBK)’s Kenyan unit is targeting becoming one of the country’s three biggest lenders and may make acquisitions to achieve that goal, the division’s chief executive officer said.

Barclays Africa eyes Nigerian target as earnings rise

Net income rose to 6.17 billion rand ($582 million) in the six months through June from a restated 5.59 billion rand a year earlier.

Booming African Lion Economies Gear Up to Emulate Asians

ThankGod Agbagu views the paved roads and skyscrapers that have sprung up in Lagos, Africa’s largest city, as the signs of a brighter future.

Barclays Africa targets a stretch too far?

Higher growth in costs in the half-year to June 30 reflected investment in Barclays Africa’s four-pronged strategy on which it had made strong progress, according to group chief executive Maria Ramos.

Investment in Angolan Banking May Prove a Crippling Deal for Portugal For Banco Espírito Santo

For Banco Espírito Santo, Questions Over Angolan Subsidiary

Barclays Africa Profit Rises 10% on Impairments, Investment Bank

Barclays Africa is spending money to refurbish branches

Mboweni says South Africa should buy bank to boost development

President Jacob Zuma has promised radical economic transformation over the next five years to create jobs and spread wealth to the black majority

Instead of building new Brics bank, revamp what SA already has

The trouble is the New Development Bank, as it will be branded, will have to spend some of its capital on getting itself off the ground

Ecobank’s Presence In Kenya Will Boost Investment Banking Competitiveness

The Group intends to boost its efficiency in all business areas, having established its pan-African footprint across 35 countries in Africa with international offices in Paris, London, Dubai and Beijing.

Ecobank Group Gets Capital Markets Authority Nod to Open Investment Bank in Kenya

Ecobank Capital’s entry into Kenya follows its acquisition of the investment advisor Iroko Securities Kenya Limited in July 2013

Zuma hails Brics bank as ‘everlasting legacy’

President Jacob Zuma returned from the sixth Brics summit in Brazil yesterday and hailed the establishment of the bloc’s new development bank as “an everlasting legacy that will change the face of global economics and the face of all the devel