Managers of Wealth Africa

BdM: Mandatory Bank Reserves Rose 20% in 2025 to $4.1 Billion

The statistical report does not provide explanations for this sharp growth in just one month.

New bank coming after Capitec already has 2,500 branches across South Africa

Pepkor received approval from South African authorities last year to establish a banking presence and bought a financial technology platform to support this expansion.

Big changes for debit orders in South Africa next month

The change has been confirmed by the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA).

Standard Chartered Bank Ghana named Best in Cash Management at Innovation & Excellence Awards

These services are delivered through digital platforms and automated systems designed to support treasury operations and optimise cash flow.

South African Absa Group expands presence on the continent

In Zambia, Absa is considering the possibility of participating in mining projects, including copper and rare earths.

Good news for FNB customers in South Africa

Last year, the department announced a new digital partnership model, which will allow FNB access to Home Affairs’ back-end systems for faster, more reliable processing for further reach.

Absa and Thunes team on digital remittances

With international remittances playing an increasingly critical role in supporting families, education, healthcare and small businesses, customers are demanding solutions that are intuitive, transparent and cost-effective.

How every R100 in tax you pay is spent in South Africa

As a result, spending in these social wage areas had to be reduced to fund debt servicing.

Absa Global Pay Launches, Promises Affordable Global Remittances

The alliance brings real‑time global money transfers, affordable and transparent pricing and a seamless mobile‑first experience

FirstBank makes home ownership possible for Nigerians with single-digit interest rate loan

In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.

Adrian Gore: Building a bank is harder than you think

The bank is well on track to reach – or surpass – its ambition of posting R3 billon in operating profit by the 2029 financial year (which starts in July 2028).

Discovery making bank in South Africa

Discovery said that the headline earnings growth reflected the group’s improving financial leverage ratio, which translated to lower finance charges.

Nedbank set for big earnings drop after selling international business for R1.8 billion

Nedbank acquired a 21.2% stake in ETI in October 2014 as it sought to expand outside South Africa.

IMF Recommends Primary Balance Target of 2% of GDP by 2027 “to Restore Debt Sustainability”

According to the IMF, postponing reforms could exacerbate the crisis and raise adjustment costs.

Big win for Nedbank in deal to buy one of Africa’s largest banks for R13.9 billion

The total purchase consideration for the deal stands at around R13.9 billion, which is based on the Nedbank issue price of R250.00 per share.

As UBA Redefines Diaspora Banking

For decades, Africa’s diaspora engagement has largely revolved around money transfers a steady stream of support that has underpinned household consumption, education, healthcare and small-scale investments.

Ecobank Nigeria champions cross-border trade, Africa integration

In his welcome address, the Managing Director and Regional Executive of Ecobank Nigeria, Mr Bolaji Lawal

New battleground in South Africa – with Nedbank and Capitec spending billions

While many South Africans still use cash, digital payments are being increasingly adopted across the economy.

Standard Bank sells Africa’s first safety-buffer bonds designed for bank crises

Bond draws interest from more than 30 institutional investors

SA budget needs firm debt targets, says IMF

Lender backs fiscal anchor to build trust, cut borrowing costs, and keep public finances on track.

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