Managers of Wealth Africa

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

AfDB approves €40m to support African Banks

The majority of African banks have weak capital bases which constrain their ability to obtain adequate trade limits

Inside Bob Diamond and Ashish Thakkar’s new banking group

Thakkar and Diamond were in Rwanda on the eve of the 20th anniversary of the genocideA

Tetrad secures bank investor

The sources said the transaction would increase shareholder value

Bank of South Sudan Increases Capital For International Banks

Following the announcement, Kenya Commercial Bank (KCB) confirmed it will inject more capital into South Sudan

Russia's Gazprombank says setting up first formal African presence

The Russian company expects the South African Reserve Bank to grant it a representative banking licence

Barclays boss told "Don't be a banker for tax-dodgers" as campaigners descend on contentious Annual General Meeting

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New York-based Global Finance magazine has named the Arab Banking Corporation-Algeria, a subsidiary of the Bahrain-based Arab Banking Corporation Group, as the "Best Emerging Markets Bank in Algeria" for the year.

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