Managers of Wealth Africa

African bank profits up but productivity remains low

While most of Africa’s big banks have posted healthy profits over the previous year’s performance

Why hard currency deposits are piling up

“Operations of our local banks in the region have been the principal driver of the foreign currency deposits. At the same time, some of the banks have been financing some of their lending externally,”

Kenya calls on Africa to adopt pan-continent payments system

President William Ruto urges settlement of payment via local currencies

Zenith Bank Recognised As ‘Best Corporate Governance Financial Services’ in Africa for the Fourth Year Running

Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.

Standard Bank partners DP World to expand trade finance in Africa

By bringing Standard Bank onto the platform, DP World Trade Finance now offers an array of financing solutions to African businesses, which face an ever-growing need for logistics and financial support to connect to global trade routes.

CBK reveals cheapest and most expensive Kenyan banks

Ecobank Kenya follows with an average rate of 10.7 percent while HF and Access Bank Kenya follow with 11 and 11.2 percent respectively.

Co-op Bank Net Profit For Q1 2023 Grows To Sh6.1B

Co-op Bank saw customer loans jump 11% to Ksh360.1 billion up from a growth of 8% in a similar period last year.

African Banker Awards 2023 winners announced

The ceremony was attended by over 300 of the continent’s leading bankers, regulators, and policymakers.

Which Bank is Best in Africa?

In this article, we will delve into the top banks in Africa, highlighting their achievements, strengths, and contributions to the region’s economic progress.

South African neobank Tyme Group set to expand to Vietnam

It also launched a fully digital bank called GoTyme Bank in the Philippines in 2022, in association with local company Gokongwei.

Parallex Bank gets recognition for innovation

The Managing Director of Parallex Bank, Dr. Olufemi Bakre, expressed his delight in receiving the awards.

Prudential Bank management calls on Ga Mantse

The visit, which was part of Mr Gyebi’s stakeholder engagement activities, afforded him the opportunity to formally introduce himself to the Ga Mantse as the new Managing Director of Prudential Bank.

Rwanda leads region in minting profits for Nairobi banks

Uganda and South Sudan subsidiaries contributed 16.11 percent and 14.28 percent respectively.

Access Pensions Commits to Serving Customers Better

The Unit Head, Service Centre, West, Mr. Adewunmi Adejumo, in his own remarks, assured that Access Pensions would always strive to be the leader in returns on investment and customers service delivery

South Africa’s rotten retail sales

The decline follows a 0.3% decline in February and a 1.4% drop in January 2023.

Bank accounts with over Sh100,000 hit 1.9 million

The CBK data showed that commercial banks continued to hold the bulk of the high-deposit accounts at 1.847 million

Foreign Banks compete for control in East Africa's lucrative retail banking market

According to a 2018 McKinsey&Company report, banks in Africa's mass market would be their next major development area.

Mastercard, FCMB launch new payment solution

“This partnership is part of our commitment to connecting millions of Nigerians in a world where digital connectivity is integrated into their daily lives, making their lives easier and simpler.”

FCMB grows customers to 11.4 million

“This substantial growth highlights the Group’s commitment to leveraging digital solutions to enhance customer experiences and drive financial inclusion.”

Banks in poor financial health rise to 13 in a year

The data also gives perspective on how the liquidity crunch, aggravated by a dysfunctional forex interbank market

Retail Banking