Managers of Wealth Africa

FirstBank CEO reassures customers of digital banking

The FirstBank chief further assured its customers that the bank would ensure that transactions continue, and that the lockdown would not slow it.

S.Africa's Capitec skips dividend, full-year profits rise 19%

The South African Reserve Bank asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending.

Absa’s corporate bank CFO on addressing Africa’s coronavirus challenge

Matt Harcourt, who is also the CFO of Absa’s African regional operations, reveals in an interview how the South African banking giant is preparing for the virus

Here’s how Capitec’s coronavirus payment breaks work: CEO

In its annual results for the year ending 29 February 2020, Capitec said that the Covid-19 pandemic will have a massive impact on South Africa’s economy.

Why Ethiopia closed the door on foreign mobile money firms

This is a difficult question that economists have had to wrestle with and hawk-eyed observers have started peeling back the layers of an onion that has deep roots in political economy.

COVID-19: Access Bank delights customers with new mobile app

The AccessMore mobile app does not only deliver the best combination of both mobile apps, it accommodates the unique needs of existing users, delivering the best mobile banking experience on a world class platform.

Fundamental analysis of Ecobank Transnational Incorporated’s share price

The bank had also reported gross earnings of NGN 842.5 billion, which went up by 9% against the figures for the previous year.

SA fleet management startup Payment24 secures Standard Bank investment

It has now secured funding from Standard Bank, selling a 40 per cent stake in the business, to fast-track its growth.

Zenith Bank introduces automated voice banking service

Zenith Bank stated that it had clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices.

Standard Bank may hold on to R8.6bn dividend payment

Capitec is set to release results later in the month.

Nedbank to pay declared dividend in April

The Reserve Bank on Monday asked banks to reconsider dividend payments in 2020 in order to shore up their balance sheets due to Covid-19

Credit Agricole Morocco Launches Radio Station to Communicate with Staff

The initiative is aimed at ensuring permanent communication with all of the bank’s employees during the COVID-19 crisis.

Ecobank Ghana Promoting Cashless Banking As Ghana Fights COVID-19

The prevailing limited movements have resulted in a slowdown of economic activities in the restricted areas.

Stanbic Bank offers over GH¢1 million towards coronavirus fight

This is a time for collective responsibility where a successful fight against this pandemic requires that we all do our part; whether in respecting lockdown protocols or contributing in various ways to stem the spread of the virus.

S.Africa's Standard Bank will consider central bank guidance on dividends

The board fully recognises the importance of dividends to the group's owners," the bank said in a statement.

Global recession raises unexpected concerns for banks in Africa

In the WAEMU zone, alignment with international standards was underway and in the CEMAC zone, restrictive measures were added as part of refinancing.

Access Bank innovates to give customers more access to funds in COVID times

This service is available to all Access bank customers who earn from N20,000 and above. Customers can also access 3 times the value of their salary during this period of restricted movement.

Diamondxtra: Changing Lives Of Access Bank’s Customers

Access Bank’s ‘Diamondxtra’ scheme has transformed the lives of more than 19,000 Nigerians since it launched in 2008.

Five SA banks cut deeper into junk by Fitch

The lenders face multiple challenges including “a decline in client activity, lower interest rates, which will put pressure on margins, and rising credit losses.”

Absa launches extensive COVID-19 payment relief programme

These relief measures apply to Absa’s corporate, wealth, business bank, private bank and retail customers.

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