Managers of Wealth Africa

Nedbank named bank of the year by The Banker

This prestigious accolade reflects the bank’s commitment to operational excellence, innovation, and sustainability during a year marked by economic challenges.

GCB Bank Partners with Visa to Launch Premium Cards, Elevating Banking Experience in Ghana

This collaboration aims to meet the evolving needs of Ghana’s professionals, business owners, and frequent travellers, offering an unparalleled banking experience.

Kenyans ditch bank cards in favour of cash and mobile payments

In contrast, mobile money transactions have surged, hitting an all-time high of Sh7.2 trillion in the same period, up from Sh6.45 trillion in 2023.

Ethiopia opens banking sector to foreign investment

Since taking power in 2018, Prime Minister Abiy Ahmed has been a vocal supporter of opening up the heavily state-controlled economy to competition and foreign investment

Discovery Bank scam warning for South Africa

In a message to customers, Discovery Bank said that shopping for cheap online specials can be costly.

2024 ending with a whimper: Nedbank

Nedbank now expects SA GDP growth of 0.5% in 2024.

Standard Bank: Leading the way for wealthy buyers in innovative real estate ventures

Another growing trend is converting properties into multi-tenanted dwellings for rental income

Standard Bank warns of financial strain after festive early payday splurge

The 49-day gap between early December and January’s payday leaves consumers struggling

TymeBank now making ‘sustainable’ profits

This made it the first digital bank to break even in South Africa and on the continent.

Roosevelt Ogbonna wins AFIS African Banker of the Year

His appointment followed the restructuring of the bank into a holding company structure, with Access Holdings as the parent entity.

Great news for retailers in South Africa

“Their confidence rose to its highest level since Q3 2007, driven by significant improvements in their sales volume and profitability indices,” said the BER.

Standard Bank’s Amish Shunker and Justin Milo on South Africa’s role as an intra-African trade leader

He has worked at the bank for over 15 years, holding several key leadership roles during this time.

Zenith Bank emerges Nigerian Bank of the Year at UK’s Banker Awards

She emphasised that the bank would continue to invest in innovative technologies, expand its range of products and services, and maintain commitment to exceptional customer service

Banks raise withdrawal limit to N50,000

At the GTBank branch located along the airport road, customers were allowed to withdraw N50,000 over the counter but a limit of N20,000 at its Automated Teller Machines.

Wema Bank awards N145m to outstanding innovators

It said the first runner-up, Empayment AI, received N35m for its AI-powered invoice discounting platform, revolutionising how businesses manage payments.

Nigerian Banks’ Borrowing from CBN Drops by 44.9% in November Amid Liquidity Crunch

So far in 2024, the MPC members have voted to increase the interest rate from 18.75 per cent to 27.50 per cent amid its mandate

Standard Bank sees earnings jump

Banking headline earnings also grew by low-to-mid single digits in ZAR and by mid-teens on a constant currency basis period on period.

Tranglo expands remittance services to 7 African countries

Tranglo tackles this with its efficient and cost-efficient solutions, making cross-border payments simpler and more affordable.

New payment system coming to FNB, Standard Bank, Nedbank and more next week

For instance, Standard Bank South Africa is rolling out PayShap Request for Corporates.

Africanbank sees ‘green shoots’ for South Africa

The group’s interest income declined by 4% to R7.0 billion

Retail Banking