Managers of Wealth Africa

Reserve Bank pushing hard for new target in South Africa

The central bank aims to anchor inflation expectations around the midpoint of its target range, and recent data has been encouraging.

System migration won’t affect banking services – FirstBank

The bank said that supplier platform update is part of FirstBank’s continuous investments in improving operational efficiencies and service experience.

Alarm bells for middle-class and rich South Africans

This troubling trend underscores the harsh reality that many South Africans, despite earning regular incomes, are struggling to make ends meet.

Forbes names Standard Bank amongst the top 20 World’s Best Employers

The Bank emerged as the highest ranked company from Africa and ranked 2nd in the Banking and Financial Services sector globally.

FirstBank tops in African banking sector ranking

First Bank also made the list of the recent The Banker's top 100 banks

Morocco’s CIH Bank selects Backbase to power its digital transformation

Specifically, CIH Bank expects this integration to streamline its onboarding processes for both local customers and Moroccans living abroad.

Bank of Africa, Absa offer lowest interest rates on loans to households -BoG

The Bank of Africa was the best place to turn for individuals and householders wholooking for loans and hoping to pay back in a year.

Another major retailer in South Africa closing its doors

The CEO said that the group is not planning to sell the operation, and the site will hold clearance sales before shutting down.

Empowering African women: Major financial package unveiled by Absa and the African Development Bank

The R1bn proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

11 Banks’ Customers Deposits Cost Up 148% to N3.27tn on MPR Hike

The unprecedented increase has not only set the MPR at its highest level to date, but also reflects the CBN’s determination to address galloping inflation.

South Africans should kiss cash goodbye

It further revealed that 95% of informal small business customers and 63% of formal business customers opt to pay in cash.

South Africa’s big banks quietly cut over 7,000 jobs

This shift is driven by the banks’ efforts to enhance efficiency and adapt to changing consumer preferences.

Fidelity Bank Rises Ahead of Interim Dividend Qualification Date

The transaction lifted its share price from N14.4 on Thursday to N14.70, suggesting that demand outpaced sell side.

Half Year: UBA grows earnings by 40% to $1.78bn, declares interim dividend of $0.003 per share

This growth was achieved despite the difficult global macroeconomic environment and geopolitical challenges across Africa, where the bank has subsidiaries.

Access Bank obtains licence to establish commercial bank in Namibia

The bank noted that with its existing operations in Southern Africa—including Angola, Botswana, Mozambique, South Africa, and Zambia

Access Bank gets approval to establish Namibian subsidiary

This expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world.

Mastercard targets real-time card payments in South Africa

South Africa is set to become the first country to benefit from Mastercard's push to introduce real-time card payments.

Access Bank Secures Provisional Licence to Expand to Namibia

Our entry into the Namibian market also represents a pivotal step in our broader ambition to build a strong global franchise

Understanding investors’ reactions to UBA’s results

Investors’ reaction is the immediate assessment of a corporate announcement of publicly quoted company.

Criminals are coming after your bank account in South Africa

According to Van Schalkwyk, the fraud landscape has steadily increased over the past five years, making this one of the top risks South Africans face daily.

Retail Banking