Managers of Wealth Africa

Absa taking strain, just like South African consumers

Even the Rolls-Royce clients in the relationship banking unit have been under pressure

Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list

The data is collated from the 2023 full year and first quarter 2024 financial statements released by the banks.

FNBB named the Best Bank in Botswana

This has ensured that the Bank remains at the forefront of the banking industry

Report: Almost 50% of customers still prefer traditional banking

The survey reveals that bank mobile apps are the most popular digital channels, with 64% of respondents choosing them, significantly more than USSD (16%) and web/Internet banking (16%).

Banks strive to enhance deposit base — Five banks top chart

EBG and GCB continue to be the market leaders, growing their combined share marginally from 24.4 per cent in 2022 to 25.1 per cent in 2023.

Zenith Bank tops tier-1 capital for 15th consecutive year

The UK-based publication stated that Zenith Bank’s ranking was on account of its continued financial strength and stability.

Banks are dumping ATMs in South Africa

As more customers transition to online and mobile banking, the demand for physical ATMs has decreased.

Elizabeth Obeng Wins Most Outstanding Female in Rural Banking

She mentioned that this reflects her commitment to delivering the highest standards of quality customer satisfaction and also setting a benchmark for others to follow.

The Emergence of the Capital Market and the Future of Commercial Banks in Ethiopia

This article explores the implications of this shift, analyzing how the capital market is poised to influence Ethiopia’s economy and the future trajectory of its banking sector.

Tullow partners 12 banks to boost funding for local suppliers

Subsequently, the programme was launched with the local supplier base where more than 145 companies attended.

Africa is leapfrogging into the future of retail

Retailers and central banks in various countries are working toward developing and facilitating digital ecosystems

Ecobank’s first quarter results promise a record performance for 2024

The bank’s 1st quarter results this year show that this potential is being almost fully realized.

Umeoji projects over N1tn Zenith Bank profit in 2024

She also revealed that the bank was planning to expand its operations to France and other Francophone African countries, set up a fintech subsidiary and raise about N230bn in the ongoing recapitalisation.

Access Bank partners Mastercard to expand cross border payments in Africa

The programme intends to achieve its objectives within three years

South African bank up for sale – as 4 more get ready to launch

The “strategic restructuring” will impact Bidvest Financial Services division, which provides banking and related products and services to South African corporates, businesses and consumers.

Standard Bank bats for SMMEs in African development

Africa’s biggest lender by assets launched a charm offensive during its inaugural Africa Unlocked Business and Commercial Banking Conference in Cape Town this week as it seeks to generate half of its total revenue from the rest of Africa.

TymeBank targeting South Africa’s middle class

Founded five years ago, TymeBank initially only catered to South Africa’s lower-income segments; however, it now plans to appeal to the country’s middle class.

Afreximbank plans $3.2bln boost for Egyptian banks, companies

Over the past three years, Afreximbank has provided approximately $12.8 billion in funding to the Egyptian market

The one big advantage South Africa has over Switzerland: Capitec CEO

2024 has also started poorly, with GDP decreasing by 0.1% in Q1 2024, down from a slight growth of 0.3% in the prior quarter.

First Bank, others join Zone decentralised payment network

Additionally, Zone recently launched its decentralised Point-of-Sale Payment gateway, ZonePOS, further cementing its position as Africa’s leading payment infrastructure provider.

Retail Banking