Managers of Wealth Africa

TymeBank is crushing it – but the international business is beating South Africa

TymeBank is a leading digital bank with the largest cash-in and cash-out network in South Africa

Huge payday for FirstRand and FNB execs – earning R315 million

The group noted that it raised a R3.0 billion accounting provision for a UK motor commission review, which impacted its results.

Discovery Bank exceeding expectations

The acquisition of quality clients also continued to accelerate, which resulted in solid revenue growth.

BBS Bank turns first profit

BBS Bank incurred a pretax loss of P29 million for the year to June 2023, continuing a prolonged period of operational weakness for the country’s youngest bank.

Ghana’s banking sector posted strong performance in first half of 2024

The higher growth in assets was driven by a robust growth in deposits, as well as the depreciation of the Ghana cedi.

CEO vs worker pay in South Africa – Woolworths, Shoprite, Mr Price and more

Although the CEOs of these companies earn millions, the lowest-earning employee earns far less.

Capitec, Absa and Nedbank on Reserve Bank’s new ’emergency bail-in’ plan

Sterling Bank migrates to indigenous core banking system

For regulators, it ensures greater transparency, robust reporting, and compliance with evolving standards.

Land Bank reaches agreement with lenders

Coordinating a large number of lenders, including local lenders, a multilateral development finance institution and international banks

Stanbic IBTC declares N116bn profit

In the period under review, Stanbic IBTC also experienced a 91 per cent increase in interest expense, which climbed to N71.83bn from N37.58bn due to higher interest rates and increased borrowings.

Absa to support clients impacted by Covid-19 in new product

Through the campaign, the bank will offer financial solutions to its customers, such as transactional solutions, asset finance, trade finance, and working capital.

Ecobank Uganda Partners With Ria Money Transfer To Enhance Remittance Services

There is a growing need to provide seamless financial solutions to Africans in the diaspora.

ChitChat and Mastercard Launch Virtual Debit Cards

The application boasts an interactive chat functionality where users can discuss expenses directly and enable them to instantly transfer funds using the virtual card, without any fuss.

The 6 people in charge of interest rates in South Africa

A higher interest rate also strengthens the rand, improving returns on rand-based investments and lowering the prices of imported goods.

Absa Bank Kenya Plc Reports 34% Growth in Q1 2024 Profit to Kshs. 5.9 Billion

Customer deposits rose by 14% to Kshs.355 billion, and customer assets grew by 5% to Kshs.327 billion.

Standard Chartered Ghana pays dividend of GHC397 million

The Bank of Ghana in a January 2023 directive instructed banks to suspend dividend payments.

Globus Bank Relocates Head Office as Agusto & Co., GCR Reaffirms National Credit Rating of A-, Stable Outlook

The rating according to Agusto & Co, reflects the bank’s good profitability, acceptable capitalization ratios, and experienced management team.

Zenith Bank grosses N2.1tr in first half

The half-year results came as existing shareholders and new investors continue to show strong appetite for Zenith Bank’s shares.

Capitec says payday outages will be solved ‘in a few months’

The move to AWS is a pivotal part of its strategy to mitigate the notorious payday service outages.

Meet the Chief Risk Officers (CROs) of Nigeria’s largest banks

In 2023, the banking sector saw a substantial 114.89% growth on the NGX banking index, reflecting strong investor confidence.

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