Managers of Wealth Africa

Nigeria: Examining balance of payments surplus, remittances, FX reserves inflows

Nigeria successfully returned to international capital markets in late 2024 and received upgrades from several rating agencies

Major shift in African banking

The transition can be traced to early 2016 when Barclays, in Africa since 1916, announced its gradual exit from the continent.

More banks meet recapitalisation threshold as tally exceeds 20

United Bank for Africa has also crossed the threshold with the conclusion of its recent N178.3 billion rights issue.

SA banks eye Standard Chartered Botswana sale

Sale of entire business attracts interest from Absa and Firstrand

Ecobank celebrates an outstanding 2025, with awards across Africa

In a milestone year that reflects both legacy and momentum, Ecobank received top honours from leading financial services platforms

Banks dominate dividend yield as NSE hits new high

High yields for investors are linked to the sector's strongest performance, especially in the first nine months of the year.

FNB has good news for South Africa

The current reading means that 52% of respondents were satisfied with prevailing business conditions.

Standard Bank representative office first to be re-licensed under Ethiopia’s new banking proclamation

This milestone comes as Ethiopia advances reforms aimed at increasing foreign investment and strengthening its financial sector.

UK remittance share to Ghana drops to 17.5% as BoG eyes diaspora investment push

He explained that diaspora remittances have traditionally supported household consumption and strengthened the balance of payments.

Banks Deposit With CBN Reached N336.24trn in 2025 on Credit Risk Concerns

Analysis of the CBN financial data for 2025 revealed that banks and merchant banks deposited more cash than they borrowed to underline excess liquidity in the financial sector.

Rand Merchant Bank Nigeria meets CBN recapitalisation threshold

The MCR for regional banks and merchant banks was pegged at N50 bn each. In the non-interest sector, national non-interest players were expected to meet a new N20 bn capital threshold, while regional players would raise N10 bn.

South Africa’s new banking CEO who started working in food delivery

The new CEO holds a Bachelor of Commerce (BCom) degree in Industrial Psychology from the University of the Western Cape.

Banks Close 229 Branches as POS Transactions Redefine Everyday Banking in Nigeria

At the heart of this shift is the explosive growth of POS transactions.

People in South Africa saying goodbye to bank cards

Its data shows that nearly two-thirds of transactions during the shopping event were digital.

TymeBank Reaches Profitability and Unicorn Valuation in 2025

Strategic partnerships, cost-efficient operations, and customer-focused products, like zero-fee accounts and competitive savings rates, have driven its fast expansion.

Did Old Mutual pick the exact wrong time to launch a bank?

Despite its massive investment and plan to break even by 2028, Old Mutual Bank’s expansion strategy is challenged by the looming entry of Pepkor and Shoprite, which already operate retail finance services at scale.

Union Bank rewards outstanding employees

The ceremony tagged 'Union Bank Employee Recognition (UBER) Awards' witnessed attendance which included Board of Directors, senior management, award nominees, and staff.

Absa Bank wins three honours at 2025 Marketing World Awards

The bank received Most Impactful Brand Campaign of the Year for its ‘Get More with Absa’ campaign and was also recognised as Best Banking Brand in Sustainability.

Nedbank flags 20% earnings drop after Ecobank exit

The warning follows the sale of its 21.2% stake for R1.7bn.

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

The outcome represents a 23% increase over the previous replenishment and sends a clear signal of confidence in Africa’s development prospects, the African Development Bank Group’s leadership, and a new development model centred on investment,

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