Managers of Wealth Africa

Kenyan banks weighed down by unprofitable stockbroking firms

NIC Bank bought 55 per cent stake in Solid Investment Securities and renamed it NIC Capital in 2008 and Co-op Bank

Barclays seeks to sell three closed branches at Sh65m

The bank says its digital channel capabilities were enhanced during the year leading to 70 per cent of transactions being processed outside the branch, up from 65 per cent the previous year

Botswana, Zambia and Zimbabwe Saw the Apparition of Standard Chartered Digital Banks

The first digital bank of its kind in Botswana and Zambia offers an end-to-end digital account opening experience that was developed following customer feedback to provide an appropriate platform to meet all their banking needs.

Standard Bank and Citi have highest earnings from investment banking fees

Of the $227m earned by investment banks in the first half of 2019, Standard Bank topped the tables with a 14% market share

Reserve Bank could sell its stake in African Bank in two years

The Reserve Bank owns 50% of African Bank, the Public Investment Corporation (PIC) owns 25% and a consortium of private banks own the remaining 25%.

Barclays Ghana to intensify trade finance offering to businesses as it transitions to Absa

Trade Agreement and examined trends in Ghana’s foreign exchange market. It also provided a platform for an interaction among industry players in international trade

Absa Group emerges the best investment bank in Africa

The parent company of Barclays Bank Ghana, Absa Group Limited has been named the best investment bank in Africa.

ABSA Named Africa’s Best Investment Bank

“This award recognizes the success of our parent company - Absa Group’s efforts to contribute to the transformation of Africa’s financial sector, as well as deepening the relationships we continue to build with our clients,” said M

European Investment Bank launches effort to help Kenya’s smallholders

Under the new financing program, agricultural companies across Kenya will be able to access loans with maturities of up to seven years, longer than commonly available in the market.

Barclays Ghana SME clinics benefit over 300 small businesses

Participating clients were extensively engaged by experts from the bank and an external resource person from the Ghana Freight Forwarders Executive Committee.

Barclays sounds the alarm on banking overregulation

Banks have witnessed heightened scrutiny, backed by new regulations under the reign of Central Bank of Kenya Governor Patrick Njoroge.

Rwanda’s BK Group becomes billion-dollar company

Total assets increased by 20.2 per cent compared with the same time last year growing to Rwf907.8 billion ($1 billion), making it Rwanda’s first billion-dollar company.

Absa puts climate change on the agenda

Absa chair Wendy Lucas-Bull announces the group’s intention to begin investing substantial resources in understanding climate change

Barclays ‘spent Sh479m to lay off workers in 2018’

From having 6,900 employees in 2007, Barclays’ headcount has been falling over the years as digitisation programmes and search for increased efficiency took shape in a sector defined by cut-throat competition.

GCB to start investment banking

GCB has cut 300 of the 850 staff it took over in August 2017 from now-defunct UT Bank Ltd. and Capital Bank Ltd. and another 120 will leave this year, the MD said. The lender has 2,300 staff and 180 branches.

Barclays “Ultimate Account” Adjudged Best In West Africa

“The Barclays Ultimate Account enables its customers to pay a monthly bundled fee to cover all account transactions.

Goldman Sachs’ big, big bet on South Africa

Ramaphosa made reference to this in his 2018 State of the Nation address.

Goldman Partners With Investec in African Capital-Markets Push

The lender is partnering with Investec on equity trading

The contradictions of African banking

David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement.

The contradictions of African banking

The continent is trying to force financial inclusion at a time when international banks are leaving. It is a hotbed of innovation but still lacks essential infrastructure. So how should we look at banking in a modern Africa?

Investment Banking