Managers of Wealth Africa

Zenith Bank’s after-tax profit triples to N676.9bn

The bank said that notwithstanding the 32 percent growth in operating expenses in 2023, its cost-to-income ratio improved significantly

Mastercard and Equity Bank join forces to enhance cross border money transfers in Kenya

This initiative is poised to have a profound impact on various stakeholders

FirstBank celebrates 130 years of resilience and excellence in banking services

Under the visionary leadership of the Banking Group MD/CEO, Adesola Adeduntan, FirstBank has achieved remarkable milestones and solidified its position as a trailblazer in the financial sector.

Access, GTB, Zenith, 7 Other Leading Banks Spend N3.2 Trillion to Operate in Nigeria

The costs include money spent on rent, marketing, staff salaries, rent, insurance, equipment and others

UBA’s gross earnings rise 143%, profit hits N757.7bn

Similarly profit after tax (PAT) grew by 257 percent to N608 billion from N170 billion in 2022.

Standard Bank PMI Index: “Business Activity in Mozambique Returns to Negative Ground in March”

“The decline in new business growth meant that companies left their production volumes unchanged, and registered a lower degree of confidence regarding the forecast for next year,” it adds.

Absa Bank rewards Assist Card campaign winners

The hallmark campaign is designed to encourage and reward the use of Absa’s contactless debit and credit cards.

The cheapest bank accounts for the middle class in South Africa

Solidarity’s banking fee comparison is based on four different transaction profiles split across four groups – including the middle class.

Why Kenya’s top banks are renewing bet on retail market

The lenders see the mass market as a good hunting ground for new customers, especially the young population entering the financial system.

I&M to double Kenya branches to 100 in three years

Part of our strategy is to build up retail banking. To do that, we are trying hard to become globally relevant for Kenyan consumers,” said Mr Khan.

Standard Bank execs in R400m payday

Former Liberty boss gets R10.5 million

Equity profit falls to Sh42 billion on higher bad loan provisions

Gross NPLs increased 81 percent to Sh114.6 billion from Sh63.13 billion in 2022.

New bank for South Africa around the corner

The Old Mutual Bank is one of four banks launching in South Africa.

Prime Bank posts Sh4.4 bn net profit on higher income

The reduced provisioning has been attributed to a steady non-performing loans ratio despite a notable pickup in gross NPLs.

NCBA net profit rises 56pc to Sh21 billion

The higher net interest income served to offset a four percent dip in non-funded income, which was attributable to a slowdown in foreign exchange income.

Bank Zero keeps disrupting commercial and business banking in South Africa

The pricing is clear: both businesses and individuals do not pay a monthly fee, nor do they pay for debit orders, electronic payments, card purchases, or bulk file payments.

South African banks caught in UK’s sweeping auto finance probe

Shares of Investec rose as much as 3.8% on Wednesday in London.

Nigerian lender Access Bank to buy National Bank of Kenya from KBC Group

The value of potential deal, which is subject to regulatory approvals from both countries’ central banks and the COMESA Competition Commission, among others, was not revealed.

Afreximbank’s Kanayo Awani receives African Diaspora Advisory Board Global Award

As part of its Diaspora strategy, the Bank has launched the Afreximbank Africa Diaspora Center, in partnership with the Africa Center in New York.

Bank profits reach yet another historic high

According to the figures, the banks’ profits last year were powered by net interest income which rose to P6.4 billion or about 27 percent higher than the level in 2022.

Retail Banking