Managers of Wealth Africa

Big earnings boost coming for FNB owner

In South Africa, system growth remained muted with lower-than-expected levels of fixed investment despite the economic reforms underway.

FirstBank wins gold for best corporate university in social & climate change impact

The GlobalCCU Awards is a prestigious, biannual recognition of excellence in corporate universities, setting the highest standard for the industry.

Access Bank Acquires Standard Chartered’s Tanzania Retail Arm, Amid CBN’s Foreign Investment Restrictions

The sale is part of Standard Chartered’s multi-country withdrawal strategy, which has seen it offload operations in Angola, Cameroon, The Gambia, Sierra Leone, Zimbabwe, and now Tanzania.

FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network

FAB is currently the only UAE bank operating a fully licensed branch in Mainland China and is committed to supporting the needs of clients and partners in both markets.

Access, Zenith, and First Bank lead as nine banks report N4.2 trillion from interest income

It stands as the interest expense, while the net interest income stands as the bank's profit for the transaction.

ATM usage drops as POS agents handle N223tn

The total number of POS transactions rose from 9.85 billion in 2023 to 13.08 billion in 2024, indicating a 32.7 per cent increase year-on-year.

Standard Bank Confirms Guidance After Strong Start to Year

The South African bank on Thursday reiterated that it expects banking revenue growth in the mid-to-high single digits for 2025 with the banking-cost-to-income ratio flat to down on-year.

BDAN recommits to banking sector advocacy

During the AGM, it was revealed that the association recorded a marginal increase of 2.6 per cent in total income for the year 2024.

African Development Bank readies $476mln loan for Egypt solar plant

The financial facility will be used for supporting the development of a 1GW solar photovoltaic power plant

United Capital expands into eight Francophone West African countries

United Capital plans to offer portfolio management, mutual fund, and financial advisory services in the member countries

FirstBank Ghana honoured as Innovative Bank of the Year at the 8th Ghana-West Africa Business Excellence Awards

The award was presented by Linda Akweley Ocloo, the Greater Accra Regional Minister and Member of Parliament for Shai Osudoku.

Access Bank Completes Acquisition of National Bank of Kenya from KCB

Access Bank CEO Roosevelt Ogbonna said the acquisition enhances the bank’s ability to serve individuals, businesses, and government institutions in Kenya.

Fitch, GCR, Upgrade Wema Bank’s Rating, Confirm Positive, Stable Outlook

Reputed for its tenacity and success in overcoming the various challenges that have shaped the banking industry for decades, Wema Bank has built an admirable legacy of impact

South Africa’s new state-owned bank is in trouble

The shift allowed for the creation of a bank-controlling company

Absa Business Credit Card Launched

The new Card was unveiled at the 2025 Absa SME Business Forum, themed “Innovation for Growth: Unlocking Kenya’s Enterprise Potential.”

Major banks closing down and shrinking branches in South Africa

BusinessTech examined the full-year financial reports for Standard Bank, Absa, Nedbank, and Capitec for the latest available year. Data from FirstRand’s interim results were used.

Major threat to Visa and Mastercard in South Africa

“The crypto payment landscape has crossed the chasm. It’s no longer just for early adopters, it’s part of mainstream commerce,” they said.

Ecobank Wins Three Awards at the World’s Best Banks 2025 Awards

Jeremy Awori, Ecobank Group CEO, said the awards reflect the bank’s commitment to customer-centric strategies

Bank of Ghana posts operating loss of GH¢9.49bn in 2024

The Bank of Ghana added that “the bank is committed to maintaining price and financial stability and creating an enabling environment for businesses and individuals to thrive”.

African Development Bank’s Adesina affirms civil society’s critical role in unlocking Africa’s capital for inclusive growth

A major focus of the event was Africa’s untapped capital

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