Managers of Wealth Africa

Nigerians shine at African Bankers Awards

The big winners this year were Nigerian-based group Access Bank and also women in the banking and finance sector.

Standard Chartered reports a reduced half year net profit of Ksh. 3.2B

The company has also put in place a support scheme for individuals and SMEs including extension periods and loan repayment holidays who are affected by the COVID-19 pandemic.

Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank

Kingdom Bank will now trade as a subsidiary of Co-op Bank, with its brand also donning the green colours that are synonymous with the Nairobi Securities Exchange–listed lender.

Standard Chartered half-year profit falls to Ksh.3.2 billion

Standard Chartered loan-loss buffers meanwhile rose four-fold to Ksh.1.6 billion from Ksh.379 million last year with the lender following an industry wide conservative trend of high provisions in the face of adversities arising from COVID-19.

Standard Bank acquires 35% stake in South African Fintech TradeSafe

TradeSafe Escrow received an undisclosed amount of funding in return for 35% stake

Ecobank Group announces 2020 Winners of Fintech Challenge

All 10 finalists were officially inducted into the Ecobank Fintech Fellowship programme to explore commercial partnerships with the pan-African banking giant

Ecobank Ghana : Group announces 2020 Winners of Fintech Challenge All 10 finalists were officially inducted into the Fintech Fellowship programme

This year’s Finalists made it through an extremely competitive pool of over 600 applicants across Africa, Europe, North America and Asia.

Absa Group interim results highlight resilience of its business

While the negative impact of the crisis on Absa’s earnings is clear, the interim results also highlight the resilience of the business.

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

Access Bank begins disbursement of loans to grow Nigerian health sector

Earlier in the month, Access Bank’s Group Managing Director, Herbert Wigwe, had reassured the public of the bank’s commitment to do everything in its power to address the needs of the Nation in these uncertain times.

Equity Bank remittance volumes up to Sh107bn

During the review period, the Central Bank of Kenya data showed that Kenyans sent home Sh157.91 billion ($1.46 billion).

Absa scraps dividend as earnings plunge in first half of 2020

The Absa group's earnings plunged in the first half of 2020

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

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.

Retail Banking