Managers of Wealth Africa

Equity moves to curb fraud with universal number

Cautions customers against giving passwords, PIN

Zimbabwe: RBZ Extends Banks Capitalisation Deadline

Earlier in January, the RBZ Governor said large indigenous banks and all foreign banks will now need to have minimum capital equivalent to US$30 million, effectively hiking the threshold.

SA bank profit slumps

The latest financial statement of Africa’s biggest bank by assets show that had it not been for the elevated impairment provisions in its local personal and business banking division, it would have better ridden out the Covid-19 wave as its operatio

Mobile money loans eating into banks’ lending - report

Mobile money deposits accounted for 37.7 per cent of the slump on return on equity and deprive banks of adequate deposits for investment.

South Africa’s biggest bank says it will shift its focus to recovery following earnings slump

South Africa’s headline earnings declined 72% as the pandemic exacerbated an already difficult environment.

Access Bank Advises Customers against Fraudsters

This, unfortunately is a fraudulent scheme and given the current state of affairs, an easy scam to fall for.

‘We will help SMEs fast track Nigeria’s economic recovery’ – Access Bank MD

Access Bank, therefore, recognizes the importance of SMEs to economic stability and is going the extra mile to ensure that such businesses are adequately financed to weather these testing times.

What South Africans should do if they are worried about the banking data breach

Experian South Africa released a statement on Wednesday regarding the data breach, assuring customers that no financial data was compromised.

Nigeria: Guaranty Trust Bank seeks CBN’s approbation to distribute dividends

This situation is likely to add to the concern of international investors about financial products issued from Nigeria.

Family Bank posts 24pc earnings rise on interest income

Outbreak of the Covid-19 pandemic and public health measures taken to contain it has hurt business and household incomes, causing many borrowers to default or renegotiate their loan terms.

Airtel Africa to create new finance products with Standard Chartered

Raghunath Mandava (pictured), CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services.

Absa Becomes the First Bank to Phase Out Cheques as a Means of Payment in Africa as Digital Banking Dominates

Cheques are one of the oldest recognised payment instruments globally, including in Africa, and were historically widely used.

Nigeria Banks’ Assets Hits N47.82 Trillion

Total Assets of the industry has continued to rise, standing at N47.82 trillion as at end-June 20

Ecobank Ghana announces GH¢642m profit after tax for 2019

This year’s Annual General Meeting, (AGM) which was held virtually, highlighted strong growth in revenues and profits, strengthening the Bank’s balance sheet as well as a dividend pay-out.

Qatar- QNB earns two prestigious GBO awards

The Global Business Outlook awards aim to recognize and reward excellence in business to companies all over the globe, both in the public and private sectors.

Co-op Bank profit drops 3 percent on bad loans provisions

The rise was in appreciation of the tough economic environment facing borrowers.

KCB bank half-year profit tumbles 40pc as Covid triggers defaults

The stock of NPLs increased to Ksh83.9 billion ($839 million) from Ksh 39.1 billion ($391 million) during the period under review.

Absa : Trading statement update for the six months ended 30 June 2020, 13 August 2020

The Group's normalised headline earnings per share (HEPS) for 1H20 is expected to be between 80% and 85% lower than the 977.5 cents for the six months ended 30 June 2019

Ecobank Ghana records “sterling performance”

The Bank’s operating expenses were well controlled within inflationary levels with a resultant reduction in cost-to-income ratio from 51.5per cent in 2018 to 45.8 percent in 2019.

Cooperative bank half year net profits down 3.6pc

The loan loss ate into the lender’s first half profitability that dipped marginally by 300 million shillings or 3.6 percent to 7.2 billion shillings.

Retail Banking