Managers of Wealth Africa

Euromoney Awards for Excellence: Best Bank in Mauritius

Seven in a row for Mauritius Commercial Bank (MCB)

Co-op to pump more capital into Jamii Bora after buyout

Their concerns follow Jamii Bora’s multi-year losses that have eroded its capital base, prompting it to search for a rescue buyer.

Nigerian lender Access finalises Transnational buyout in Sh1.4bn deal

Access Bank is listed on Nigerian Stock Exchange since 1998 and is the largest lender in West African country with assets worth Sh1.17 trillion.

Nigeria: Former Diamond Bank CEO introduces new digital banking platform

Sparkle, a smartphone enabled platform, offers many traditional banking products – providing loans, enabling savings, shopping transactions, paying bills, buying airtime, and sending money to third parties.

Ghanaian banks rated ‘above average’ and score better than those in the UK, US News Ghana

The bank quality rating system on which the database is anchored uses a heuristic methodology to analyse the signals that banks are sending out in their annual reports

South Africa’s banking sector is dominated by 5 names – who control almost 90% of all assets

Total banking sector assets grew by 16.36% year on year, to R6.6 trillion at the end of March 2020 (March 2019: R5.7 trillion).

CEO of Ghana Bankers Association, Daniel Ato Kwamina Mensah is dead

The Ghana Bankers Association recently announced that he was set to retire this year after years of service with the Association.

Co-op Bank acquisition triggers Jamii Bora row

Mr Kabiru responded to the shareholders on June 30 saying that Jamii Bora was not obliged to provide most of the information requested.

Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services

HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers with the power to build their world and perform digital transactions how they want.

Nigerian banks to limit debit card spending abroad to ease FX risk

Other lenders — Ecobank and Fidelity Bank — have also lowered withdrawal limits for individuals while abroad.

FNB will no longer email bank statements – Here is what other banks are doing

As part of our ongoing measures, FNB will minimise the distribution of monthly statements via post and email.

AfDB to provide $400 million of $16 billion in largest private investment in Africa

When the project is completed total expects Mozambique to earn up to $50 billion in Natural gas

Ecobank Group Named Africa's Best Bank for Corporate Responsibility by Euromoney

Ecobank's Corporate Responsibility primarily concentrates on the three key areas of health, education and financial inclusion.

Euromoney Awards for Excellence 2020 Africa winners revealed

Equity Bank takes the region's best bank accolade in this year's Euromoney Awards for Excellence.

Ecobank Group named Africa’s Best Bank for Corporate Responsibility by Euromoney

Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa

Nedbank: Banking sector has supported this economy, we don't need more intervention

Some of the interventions it proposed included ensuring increased competition in the banking sector and accelerating the establishment of a State Bank.

Absa regional operations’ data analytics team wins at Retail Banking International Awards

Customer360 tackles the issue of data availability in banking, especially in emerging markets, where many of the continent’s citizens are unbanked.

South African banks mull how to avoid debt defaults when pandemic relief ends

In point of fact, over the recent months, the S. African lenders had supported their customers with pandemic

Co-op Bank cuts ownership in CIC Insurance to 24 percent

The lender says it received Sh106.6 million from the multiple transactions that saw it sell a total of 44.7 million shares in the investment vehicle.

Tanzania: NBC Bank Scoops African Banker Awards 2020

The category attests for the excellence in supporting and transforming SMEs in the continent.