Managers of Wealth Africa

Foreign Banks compete for control in East Africa's lucrative retail banking market

According to a 2018 McKinsey&Company report, banks in Africa's mass market would be their next major development area.

Mastercard, FCMB launch new payment solution

“This partnership is part of our commitment to connecting millions of Nigerians in a world where digital connectivity is integrated into their daily lives, making their lives easier and simpler.”

FCMB grows customers to 11.4 million

“This substantial growth highlights the Group’s commitment to leveraging digital solutions to enhance customer experiences and drive financial inclusion.”

Banks in poor financial health rise to 13 in a year

The data also gives perspective on how the liquidity crunch, aggravated by a dysfunctional forex interbank market

Customers Commend Stambic IBTC Pension Managers Training for Intending Retirees

They are of the opinion that the knowledge and learning gained, will enable them know the appropriate steps to take when embarking on their verification process and to facilitate all their pension documents.

KCB Surpasses Equity to Become Kenya’s Largest Bank

While KCB claimed the top spot in asset size, it fell behind Equity Bank in terms of profitability.

Banks liquidity drops below 50pc for first time since Covid on loans surge

The lender’s liquidity levels were last below 50 percent in December 2019 and built up across the pandemic to peak at 56.8 percent in June 2021.

Liquidity in Kenyan banks drops below 50% amid lending surge

Higher credit demand driven by growing confidence in economic recovery

StanChart pays Sh2.5 billion loan

The lender had tapped the amount in 2013 as an unsecured 10-year subordinated loan to enhance its capital base and had the option to recall the loan after five years.

What you need to know about the formal remittance industry

Remittances are typically local or international transfers from an individual or family member to another individual or household.

Lafferty Group, Fidelity Bank partner to host Retail Council Africa meeting

The Council meeting brought together distinguished business leaders and academics, top African bankers and payments professionals to deliberate on contemporary developments within the Banking, Finance and Payments space.

FirstBank gives discounts on card transactions

The discount also extends to subscriptions for premium service via the BusinessDay website.

Nigerian banks intensify acquisition drive for African market share

Aside from Access Bank with a $2.26bn capital base, GTCO ($1.71bn) was ranked 18th on the list of the top 20 African banks.

KCB market value falls below Sh100bn as bear run deepens

KCB’s share price is down 19.3 percent over the past 12 months.

15 Best Bank In Nigeria For Current Account

Zenith Bank is renowned for its robust electronic banking services.

Access, UBA on List of Top 10 Commercial Banks in Nigeria Ranked by Workers' Salaries

The amount represents a significant increase of 13.10% compared to the N1.15 trillion recorded in 2021 as workers' expenses by the banks.

Jaiz Bank Records N9.88bn in Gross Earnings

The bank further posted a profit before Tax (PBT) of N1.59 billion, a year-on-year increase of 45.62 per cent over the N1.10 billion reported in Q1 2022.

Why the shift in wealth requires a shift in how we bank

The report indicates that investment migration in Africa has been on a growth trajectory for the past 25 years but has recently experienced a significant surge.

Eight banks record N502bn loan losses

An impairment charge usually reflects a fall in value or worse-than-expected performance of the asset.

Why South Africa’s top companies use Codehesion for app and software development

Codehesion then ensures it only employs highly-skilled and experienced software engineers, computer scientists, and project managers who specialise in software development.

Retail Banking