Managers of Wealth Africa

Kenya’s new crypto law faces stress test as Bitcoin ATMs appear in malls

CoinATMradar data indicates that there are currently only two reported Bitcoin ATMs in Kenya.

Capitec under siege

The profits of the new venture would be split between the retailer and Investec, which focuses on high-net-worth individuals in South Africa.

New international bank coming to South Africa

Revolut said Magomola brings long-standing experience in finance and governance

Access, Zenith, FirstBank Lead as 9 Nigerian Banks Post N14.7tn Interest Income in 9 Months

Interest income, as defined by the Corporate Finance Institute, refers to the return a company earns from lending activities, whether through customer loans, deposit placements, or investment in fixed-income instruments.

H1’25: Fidelity Bank grows gross earnings by 46% to N748.7bn

Highlights of the financial results which was uploaded on the Nigerian Exchange Limited

Standard Bank Delivers R1.92bn Equity Financing towards Africa’s Largest Hybrid Renewable Energy Cluster

The proceeds are underpinned by H1’s 49% interest in the Kenhardt hybrid battery and solar risk mitigation projects, which collectively represent Africa’s largest hybrid renewable energy cluster and ranks among the world’s largest.

Tharisa signs new $130 million debt facility with Absa and Standard Bank

The facility comprises a four-year term loan of US$80 million and a revolving ZAR900 million (US$50 million) credit facility.

Beware banks’ steep instant payment charges

You could be charged as much as R50 when paying someone R3 000.

African countries need strong development banks

How they can push back against narratives to weaken them ….

Nine banks pocket N14.7tn interest income in nine months

The financial results of Access Holdings revealed that the HoldCo led in absolute figures, as its interest income rose by 21.11 per cent to N2.90tn from N2.39tn in Q3 2024.

Employment rises in banking despite digitisation

The large banks include First National Bank, Absa Bank Botswana, Standard Chartered Bank Botswana and Stanbic Bank Botswana, while the smaller banks include Access Bank, Bank Gaborone, Baroda, First Capital Bank and BBS Bank.

The end of cash as you know it in South Africa

At the same time, banks are also closing hundreds of branches and ATMs as they move towards digital banking.

5 top Nigerian banks declare 10% drop in profit to N3.58trn

As gathered by WESTERNPOST, the reported N3.58trillion profit before tax revealed that Zenith Bank remains the most profitable bank in Nigeria, followed by GTCO.

GTBank Ghana opens new branch in Ho

This expansion underscores the bank’s commitment to bringing world-class financial services closer to individuals and businesses across Ghana.

Parallex Bank Boss Honoured with Lifetime Achievement Award

As the pioneer Managing Director/CEO of Parallex Bank, he has led the institution to remarkable growth, steering it from inception to profitability in under three years.

Market Stall Millionaire: How Fidelity Bank GAIM 6 Transformed My Life

In this interview, Ogbonnaya who is from Delta State, narrates how winning the promo changed her life. Oluchi Chibuzor presents the excerpts

Absa to Acquire Standard Chartered's Retail, Wealth Business in Uganda

The transaction forms part of Standard Chartered's broader plan to streamline its African portfolio and focus on corporate and investment banking.

8 Nigerian banks book N1.96 trillion impairments in 9 months of 2025 – See list

The apex bank has since flagged banks still under forbearance for “close supervisory engagement.”

UBA reports 26% growth in shareholders’ equity on strong earnings

The bank’s gross earnings rose by 3 per cent year-on-year to N2.47 trillion, up from N2.40 trillion in September 2024, while net interest income increased by 6.2 per cent to N1.17 trillion.

Fidelity Bank named Bank of the Year at 8th Ghana Business Awards

This historic treble solidifies Fidelity Bank’s position as Ghana’s definitive financial powerhouse; to bank, invest, work with, and benchmark against.

Retail Banking