Managers of Wealth Africa

Absa hit by First Strut liquidation

Absa Group, the South African bank controlled by Barclays, said it loaned 30 million rand ($3.1 million) to First Strut Ltd., which went into liquidation earlier this month.

Capitec exploring offshore markets

Capitec Bank South Africa’s second-largest provider of unsecured loans, is weighing debt sales abroad for the first time and expanding overseas as lending growth stalls at home.

Nigeria Banks Drop as Central Bank Tightens Policy: Lagos Mover

igeria’s banking index fell the most in a month after the central bank tightened monetary policy

Nigeria recorded $1.29bn foreign direct investment in 3 months

The continued dominance of portfolio investment in aggregate foreign capital inflows, according to the apex bank, was due largely to the higher returns on domestic financial assets

Britain Leads M&A Investment In Africa?

A recent study reveals Britain as the leading merger and acquisition (M&A) investor in Africa in the last decade

Ecobank Plans to Hire Investment Bank Head to Tap African Growth

Ecobank Transnational Inc. is seeking a new investment banking chief

QNB Group signs MOU with Attijariwafa Bank of Morocco

World's Strongest Bank, has signed a Memorandum of Understanding with Attijariwafa Bank, the first Bank in Morocco and one of the largest in Africa.

Bank homes in on Chinese clients in Africa

Standard chartered tailors services to better serve company operations

Mauritius’s AfrAsia Bank CEO Sees Kenya as Next Expansion Step

AfrAsia Bank Ltd. is considering expanding in Kenya

Zimbabwe: Standard Bank Scoops Award

Standard Group Limited has won the Sustainable Bank of the Year award for Africa and the Middle East.

Societe Generale strengthens presence in sub-Saharan Africa

In Ghana, SGSS will provide custody of Ghanaian equities and bonds and a comprehensive foreign exchange and cash management service to a clientele of Ghanaian and foreign investors, frontier market funds and other players looking for increased exposure to

SocGen to ease African trade

The bank is now providing financial services - including import and export financing, bond issuances and bank guarantees - to its Chinese clients in Africa, especially in the northwestern part of the continent, Liu said.

Societe Generale Securities Services sets up in Tunisia

SGSS in Johannesburg already provides a comprehensive range of securities services in South Africa and now also covers Mauritius whilst in West Africa, SGSS will soon be expanding its presence to Ghana.

EFG-Hermes to slash jobs after QInvest deal collapses

EFG-Hermes Holding is cutting jobs as part of a plan to reduce costs after talks with Qatar's QInvest to set up the biggest Arab investment bank failed

Hermes-Qinvest deal at risk

Egypt's largest investment bank, has released a statement saying its merger deal with the Qatari company Qinvest may not be executed if the Egyptian Financial Supervisory Authority ( EFSA ) does not approve it before 4 May

EFG Hermes reports 8% year-on-year rise revenues

EFG Hermes, the leading investment bank in the Arab world, released its consolidated financial results for the full year 2012

Investec, Absa face bankers’ bonus cap

In 2011 the total remuneration awarded to Absa’s two top executives significantly exceeded the one-to-one ratio being proposed by the EU.

Morgan Stanley to offload EMEA-Based global stock plan services business

Based on the terms of the agreement, the transaction is likely to complete during the second quarter of 2013

Egypt regulator approves Qatar bank's offer for NSGB

Qatar National Bank said in December it would buy a 77 percent stake in NSGB held by French bank Societe Generale.

Crédit Agricole Egypt 2012 net profit up 53 per cent

Crédit Agricole Egypt’s 2012 net income after taxation of EGP 472.3 million compares with EGP 308 million in 2011, representing an increase of 53.3 per cent.

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