Managers of Wealth Africa

S.Africa eyes BRICS bank for Johannesburg

The leaders of BRICS countries -- Brazil, Russia, India, China and South Africa -- are due to hold a summit in Brazil next week where they are expected to sign a deal to create the bank.

SA guns for BRICS Development Bank headquarters

South Africa is lobbying hard for the envisaged BRICS Development Bank’s headquarters to be based in Johannesburg.

BRICS development bank in Johannesburg?

Anybody who says there’s been a decision up to now…they’re simply speculating about the location

BRICS to Open Development Bank by 2016

Brazil, Russia, India, China and South Africa to Decide on Bank Creation at Summit in Mid-July

BRICS planning to sign documents on development bank, currency reserve pool - Kremlin

The BRICS summit will be held in Brazilian cities of Fortaleza and Brasilia on July 15-16.“The leaders of the BRICS states will discuss issues on political agenda and global management problems.

Vultures hover over wounded African Bank

The other component of African Bank is its furniture retail arm, Ellerines. Steinhoff is thought to be best placed to buy that company.

Shanghai favourite to become BRICS bank HQ

The choice of city is expected to be made at the leaders’ summit in Brazil on July 15, but Shanghai is seen by analysts as the firm favorite, says the Financial Times.

S&P affirms SA banks' credit rating

But the change to the score means the agency has revised what it calls its "anchor" for banks operating only in SA to BBB- from BBB

SG-Ghana pledges more support to aid business growth

As the bank leads efforts to improve banking services through doorstep banking, foreign exchange and commodity hedging, consumer credit loan and Sika Card, he said, it has made customer care one of its top priorities.

GTBank, First Bank, UBA, Zenith, Diamond top winners at BusinessDay Awards

First Bank and United Bank for Africa plc jointly won “best bank in retail banking”

Ecobank named best trade bank in Nigeria by London-based media firm

The award comes amid a growing demand for trade finance

FDI inflows to Africa likely to exceed US$60 billion

That made Africa one of the few regions world-wide to register year-on-year growth in 2012

Sale of Enterprise Bank reaches final stage as advisers screen Mainstreet’s investors

Investigations have revealed that advisers to the Assets Management Corporation of Nigeria, Citigroup and Africa-focused investment bank, Vetiva Capital, have received final bids from the five shortlisted prospective investors in Enterprise Bank.

Liberia: 'Take Advantage of Liberia's Investment Climate'

IBSAC is a group of experts from international business industries and related fields

Access Bank Bolsters Growth with $400m Eurobond Issue

Speaking following the pricing of the Eurobond, which is the first step in its capital raising

2 Nigerian banks receive Deutsche Bank excellent awards

This award means a great deal to Fidelity Bank to be adjudged to be one of the top three in a field

FBN Holdings moves to acquire merchant banking licence

On the group’s 2014 to 2016 strategic plans, Maccido said that it would invest in its subsidiaries to drive growth and leverage contributions from the non-banking subsidiaries

Banking sector sustains strong profitability trend in first quarter

The report indicates that total expenses also decreased by 2.4 per cent

Three Nigerian Banks Win Error-free Processing Award

Ecobank Nigeria, Fidelity Bank Plc and Stanbic IBTC were at the weekend presented with the Deutsche Bank US Dollar Straight Through Processing excellence award for 2013.

IFC acquires additional 4.6% stake in ETI

A document submitted to the NSE indicated that IFC is acquiring the shares through its managed funds-IFC ALAC Holding Company II and the IFC Capitalization (Equity) Fund LP

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