Managers of Wealth Africa

Banks’ profit up 5pc in 11 months to November

With the removal of rate cap, it is expected that bank earnings will go up, helped by increased interest income from customer loans.

Barclays Bank completes rebranding to Absa Ghana today

This was after Barclays PLC decided to reduce its holding in Barclays Africa.

GhanaFirst National Bank Ghana: A fresh breath of banking innovation, setting new standards and delighting customers«

First National Bank Ghana Limited, with South Africa’s FirstRand Group as its parent company, did not come to Ghana with the cacophonous bells and whistles which usually accompany many a new entrant.

Private sector activity down in January

“Poor weather conditions also curbed output at many businesses.”

Fidelity Bank grows asset 23% to N2.12trn

Further analysis of the report showed that withiby the year under review, Fidelity Bank charged customers N23bn from for using automated teller machine, telex, embanking services as well as other services.

KPMG Report: FirstBank reinforces retail banking dominance, creates 150,000 indirect jobs

First Bank of Nigeria is one of the financial institutions which have taken steps to make the target a reality by deploying technology in its operations by way of Agent Banking Network.

Union Bank lifts women with special banking support

Union Bank has a history of showing support to women businesses and enterprises.

SA’s Nedbank invested $248mln for service digitalization in H1 2019

Digital services generated 21% of the banking group's revenues in H1 2019 compared to only 3% at the end of June 2018.

Wema Bank, BOA to ease pan-African trade

In keeping with the tenets of the partnership agreement, activities around corresponding banking, trade facilitation and remittances would kick-start between Wema Bank and BOA Ghana, the statement said.

African Banks Faithfully Polish Their Mobile Apps But That Doesn’t Spell A Vendetta Against The Fintech Frenzy

With competition as an essential part of any economy, banking firms in Africa are giving each other a run for their money.

Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup

The newly branded company will seek to capitalize on that sentiment later this year.

Ecobank launches sandbox to help African fintechs develop innovative apps

The move, according to the bank, will promote its e-banking segment. It follows the appointment last year of a new Group Senior Fintech Advisor, Djiba Diallo.

KPMG report: FirstBank leads retail banking space

The KPMG Nigeria has for the 13th consecutive year released the Banking Industry Customer Experience Survey

Access Bank CEO releases additional N297m shares

The share price of Access Bank Plc closed at N10 on December 31

Nigeria's lender Access acquires Kenya's Transnational Bank

"The acquisition is expected to strengthen the resilience of Kenya's banking sector," it said.

Nigeria's Access Bank is expanding into the Republic of Cameroon

Access Bank said the proposed expansion is still awaiting both regulatory approvals in Nigeria and Cameroon.

Taking retail banking business to the next level

It further stated that the continent’s overall banking market is the second-fastest-growing and second-most profitable of any global region, and a hotbed of innovation.

South African consumer confidence remains near two-year low - survey

The country's medium-term budget policy has also made consumers conscious.

Capitalism for everyone: The Mauritius Commercial Bank Ltd (MCB) join forces with the AFRICA CEO FORUM to rethink the role of Africa’s private sector

For two days, the AFRICA CEO FORUM 2020 will drive public-private dialogue forward by providing a platform where economic leaders and public-sector representatives can discuss key sectoral challenges

Despite threats, it’s business as usual for SA banks

“Nevertheless, the banking industry takes cybersecurity very seriously and has robust risk mitigation strategies in place,” SABRIC states.

Retail Banking