Managers of Wealth Africa

Umeme becomes hot investor item

Umeme Limited has shown that it is not just a banter company but rather an attractive investment

AfDB extends $200m loan to Ecobank

The facility will support approximately $1,8 billion of trade transactions in Africa

Standard Bank Wins Big At Banker Magazine ‘Deals of The Year’ Awards

Standard Bank Group, one of Africa’s largest banks, has won accolades from The Banker at the magazine’s annual Deals of the Year Awards 2014, with four notable deals across several regional categories.

Barclays, ex-boss Diamond compete for Africa's banking promise

Gaborone and Lusaka are the unlikely settings for a battle between one of the world's most famous investment bankers and his former firm over the future of African banking.

Royal Bank joins calls for BoG to review forex rules

Banks are also prohibited from granting a foreign currency-denominated loan

Africa banking battle heats up

This was just five days after Barclays, the British bank where Diamond was chief executive before he was ousted in 2012

African Bank’s Earnings Decline

An economic loss of 4 billion rand was reported in 2014

African Development Bank steps up funding

The African Development Bank is stepping up plans to finance power and rail projects as China boosts lending on the continent by half.

Russians take over Zimbabwean Bank

A Russian investment group Horizon Capital Consortium led by businessman Sergey Pokusaev has acquired a controlling stake in the diversified financial company.

Bankers in SA fear political interference most

The banking industry appears to be hit harder than others by the prevalence and exposure to cyber crime and fraud

Wells Fargo sets up in Aberdeen as part of expansion

Most are in Britain, where it has 721 employees, and its EMEA boss Jim Johnston said that will rise further

Casablanca calling for Ondra partner

A partner at City of London advisory firm Ondra Partners has spun off his own Africa-focused company with the backing for his former employer.

Barclays Africa eyes continental growth

'We’re negotiating about what we need to be successful' - Absa Capital head.

Standard Bank Identifies Francophone Africa As Next Frontier for Continent's Investment Boom

The region has all the components to benefit from the next global mining and infrastructure boom

FirstRand: Nxasana looks to Ghana in near term

While FirstRand was focused on organic growth in Zambia, it would also consider acquisitions

Nedbank posts Q1 net interest income growth

Net interest income for the three months ended 31 March 2014

Execs’ pay worries Banking Association

Standard Bank Group paid its joint chief executives, Sim Tshabalala and Ben Kruger, more than R28 million each last year

AMCON Appoints Advisers for Sale of Mainstreet Bank

The Asset Management Corporation of Nigeria has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited.

Cote d'Ivoire hires for US dollar bond- sources

The bonds would represent the West African nation's first venture into the international capital markets

What SA’s banking CEOs earn

Capitec and Standard Bank have released their full-year integrated reports

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