Managers of Wealth Africa

African trade bloc COMESA launches digital payments system

The new platform, known as the Digital Retail Payments Platform, is starting off with trials between Malawi and Zambia, COMESA said

Wegagen Bank Reports Record Birr 13.5B Revenue, Launches Ethiopia’s First Private Investment Bank

Pre-tax profits surged 73% to Birr 3.85 billion, as the bank marked a turning point not just in numbers but in strategic direction — embracing fintech, inclusive banking, and capital market leadership.

Capitec is different

This is an astounding achievement, especially when considering the difference in total income and assets under management between the two banks.

FirstBank on track to meet recapitalisation threshold

There is also hope for FirstBanks branches that were shut down as a result of armed robbery or banditry.

FirstBank to bridge financial gaps with digital solutions

He said that a prosperous nation is built on the backbone of its real sector, adding that access to finance remains fundamental to unlocking the sector’s full potential.

Standard Bank Shari’ah Banking named Best Islamic Bank for SMEs in South Africa in 2025

These awards celebrate innovation, leadership, and excellence across a broad spectrum of categories, including Banking, Islamic Finance, Corporate Social Responsibility, Fund & Asset Management, and more.

UBA Unveils Customer Service Week With Innovative Initiatives

This year’s theme aligns with the bank’s vision to transcend challenges by delivering inventive solutions that positively impact individuals, businesses, and communities.

Good news for Capitec customers getting Smart IDs and passports

Lee told BusinessTech that the group will continue to expand its branch network, as a human element is essential to its brand.

Top 100 African banks 2025: Highlights

South African, Moroccan and Kenyan lenders the big winners, as Nigerian and Egyptian banks suffer

Commercial banks with the highest interest rates: Deposit interest rates

The rates represent the earnings customers receive on their deposits, making them a key factor in choosing where to save or invest.

Africa Finance Corporation closes record $1.5bn loan

Demonstrating AFC’s deep connections with the international capital markets, the syndication was led by an exceptional group of global arrangers

Ghana shows strong economic progress ahead of IMF 5th review – Standard Bank

Oforiwa Attipoe cited significant improvements in key economic indicators and continued fiscal discipline.

Ecobank completes exit from operations in Mozambique

In a statement signed by ETI’s Company Secretary, Madibinet Cisse, the Bank said that the transaction represented another milestone in its strategic restructuring.

Ecobank Completes Mozambique Exit, Hands Over to Malawi’s FDH Bank in Regional Strategy Shift

The transaction, which received all necessary regulatory approvals, marks the conclusion of a divestment plan first announced on August 5, 2025.

Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay

Yet, a significant portion of these remittances traditionally moves through informal hawala networks—trusted community money brokers who transfer funds outside the banking system.

Discovery bank launching two new services

For the full year, the lender shrank its loss to 68 million rand and plans to leverage its existing 1.2 million clients and the 1,000 new customers it nets daily to power earnings over the next four years.

PayInc steps up push to move South Africa to digital payments

For more than 50 years, BankservAfrica played an important role in South Africa’s financial system, facilitating electronic card and cash payments.

Major international bank coming to South Africa

South Africa represents a key growth market for Revolut, underpinned by its diversified economy, increasing digital adoption, and growing appetite for innovative financial services, the fintech said in a statement.

Zenith Bank grows H1 gross earnings to N2.5tn

The bank said that it achieved this impressive increase in interest income through strategic repricing of risk assets and effective treasury management.

Discovery Bank to grow South Africa loans in bid to boost profit

The lender unveiled a raft of new products this year, including revolving credit facilities, and grew its personal and home-loan businesses, which boosted loans by 39% in the year to June.

Retail Banking