Managers of Wealth Africa

Chinese e-commerce boom in South Africa – as local retailers cry foul

Temu is a fast-growing business in the country, having launched its South African site in January 2024.

Big surprise for retailers in South Africa – but consumers still feel the pain

Retail trade sales increased by a flat 0.1% in the fourth quarter of 2023 compared with the fourth quarter of 2022.

KCB, Visa launch premium card service for super-rich

The cardholders will enjoy faster rewards earning rates

Treasury takes Sh258 billion foreign loans in seven months

Kenya has meanwhile received Sh74.9 billion ($468 million) in project loans over the same period.

Access Bank Makes Changes, Releases Lists of Approved Charges on Customers' Savings, Current Account

Another is the quarterly debit card maintenance fee (Inclusive of VAT), which will attract a N53.75 charge, and the issuance fee for these cards is N1,000 (one-off charge) irrespective of the card type.

Co-op Bank raises daily ATM cash limit to Sh60,000

The weakening Kenyan shilling has left customers worse off given that they need more money to buy the same amount of goods.

Wema Bank doubles profit

The bank recently closed its Rights Issue where it raised about N39bn.

Afreximbank acts as Joint Global Coordinator on Arab Bank for Economic Development in Africa's (BADEA's) Inaugural EUR 500M Social Bond

The bond issuance was 3.0x oversubscribed off peak orderbook EUR 1.5B

Absa Bank awarded top employer for the third consecutive year in Ghana and Africa

The Top Employer certification covers best practices in six HR domains

FirstBank, wins Best Corporate Bank in Nigeria at Euromoney awards

“We are proud to dedicate this prestigious award to you as a testament to our collective efforts and the meaningful relationships we have built over the years”, the Bank said.

Nigeria’s Access Bank acquires Ugandan lender

The transaction will see Access Bank -the subsidiary- inject funds into Finance Trust Bank to boost its capital base, which will help promote financial inclusion and product diversification.

Retailers and Tech Experts Gather in Johannesburg to Prepare for the Future of African Retail

Digital Retail Africa 2024 is a pivotal event that will empower retail businesses in Africa to stay at the forefront of the technological curve.

UBA wins several international awards

The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry

UBA wins international awards

Also, the bank, with a presence in 20 African countries won the 2023 FMDQ Gold Awards in three key categories

Mobile, agency banking cut ATMs count to 11-year low

The ATMs for long helped customers escape the long queues in banking halls but the onset of mobile banking has appealed more.

Why Absa Bank is the employer of choice in Kenya

The fact that the bank was named the top employer in the whole of Africa not once but thrice is quite impressive by any standards.

Ecobank Unveils ‘A BETTER WAY | A BETTER AFRICA’ Brand Campaign

The campaign highlights Ecobank’s drive to empower its clients and customers to achieve their goals for a better future and therefore a better Africa.

South Africans are milking their credit cards dry

Nkosi highlighted several factors putting immense pressure on South African consumers in 2024

High deposit rates squeeze banks’ lending margins

Over the same period, the average commercial lending rate only rose slightly to 14.16 percent from 13.98 percent a month earlier.

Nigeria’s Top Five Banks Reach a Combined Market Value of ₦6.1 Trillion, Joining the Elite ₦1 Trillion Club

The three recently introduced bank stocks have collectively experienced an average increase of 10% in value, leading to their current status within the market this week.

Retail Banking