Managers of Wealth Africa

Ecobank Divests Stake in Mozambique to FDH Bank

The bank has been operating in Mozambique since 2000, when it was incorporated as Novo Banco SARL, before changing its name in 2014 to Ecobank Mozambique SA, following an acquisition by ETI.

Mozambique: FDH Bank PLC Acquires Controlling Stake in Ecobank Mozambique

Upon completion, FDH Bank plc will assume effective control of EMZ

Nedbank Group reports 6% growth in half-year earnings

“The operating environment during the first half of the year was challenging,” said Jason Quinn, Nedbank Chief Executive.

Banks closing ATMs across South Africa — except one

Capitec recently told MyBroadband that it was actively increasing its branch and ATM footprint while its competitors are scaling back.

Regional subsidiaries boost profits for Kenyan banks

Nearly all Kenya’s banks witnessed a surge in external profits in 2024, with Equity Group generating the highest at Ksh24.4 bn ($188.9m)

Access Bank committed to unlocking Africa’s vast trade potential

He added that the conference was an opportunity to showcase Access Bank’s presence in Africa and abroad

Standard Bank integrates Shyft online share platforms

Standard Bank went on to say that Shyft was chosen as the 'most suitable platform' for servicing global and local investment and trading demands across several currencies and asset classes.

Access Bank’s Euromoney Wins Signal New Era of Regional Banking Leadership

These prestigious awards affirm the Group’s long-term strategy, growing footprint, and unwavering commitment to transformative and inclusive banking across the continent.

Niger: African Development Bank Extends Loan of Over $144 Million to Enhance Energy Access and Economic Competitiveness

It will also support the clearance of domestic arrears, public-private dialogue, and the adoption of an industrial and commercial policy to bolster support for Nigerien businesses.

S&P upgrades African Bank rating, affirms South African banking sector stability

S&P Global affirmed the ratings of Absa Bank, BNP Paribas Personal Finance South Africa, Capitec Bank, FirstRand Bank, Investec Bank, Nedbank, and the Development Bank of South Africa.

Standard Bank Partners With South African Future Trust Awards To Champion Women In Business

Each category recognises business leaders who push through challenges and overcome obstacles to create meaningful impact in their industries and communities.

Mobile Money: the quiet revolution reshaping Africa’s economy

From urban centres to remote villages, mobile money has become greater than the transactional service it offers on paper.

FirstBank retains ‘Best Bank for ESG’ at Euromoney Awards

This marked FirstBank’s second consecutive win in the ESG category, affirming its leadership in sustainable finance and responsible banking across Nigeria.

FNB fraud warning

Roshan Jelal, Head of Fraud at FNB Commercial, attributed this to the impact of the bank’s various prevention and detection strategies.

Standard Bank sweeps the board at 2025 Euromoney Awards

We are investing in data and analytics to identify origination opportunities and bring solutions faster to our clients.

SBM Bank Kenya Rebounds with KSh 202mn Profit in H1 2025

Net interest income nearly doubled to KShs 1.84 billion from KShs 958 million in H1 2024.

Access Bank takes over 78% stake in AfrAsia Bank

The bank will retain IBL Ltd., its founding shareholder, as a minority stakeholder with a 7.89% equity holding, reflecting continued investor confidence.

Capitec fraud warning

The warning comes shortly after similar concerns raised by SARS Commissioner Edward Kieswetter, who recently noted a spike in fraudulent notices sent to taxpayers.

Fitch affirms Ecobank Nigeria’s long-term IDR at ‘CCC’

The agency also downgraded ENG’s Viability Rating (VR) to ‘f’ from ‘ccc.’

Absa and Visa extend strategic partnership to advance growth and innovation across Africa

The agreement, formalised at a signing ceremony in Johannesburg

Retail Banking