Managers of Wealth Africa

KMRC taps Sh3bn AfDB, World Bank loans

This is part of the access to the 309-million-euro credit lines offered by the two financiers in 2020.

Absa to offer high-value loans on mobile platform

The platform currently offers mobile loans of up to Sh150,000 with a 30-day repayment period.

South Africans can’t live without their credit cards – but there’s trouble on the way

Personal loans also moderated slightly from 7.3% in June to 6.4% in July.

Banks half-year profits defy tough times to hit Sh156bn

The half-year earnings, which are higher than the Sh112.8 billion that was booked in the 2020 full-year, mark a monthly average of Sh26 billion, helped by increased interest and non-interest income.

ABSA Records Sh8.3bn After Tax Profit In Half Year Financial Report

In its financial report for the period January 1 to June 30, Absa says its Customer deposits increased by 18 percent in the six months to Sh333 billion

South Africa’s new payment system is now on TymeBank – and it’s free

PayShap is also automatically enabled for all TymeBank customers, and there is no need to register a ‘ShapID’ using a cellphone number.

‘Our Focus Is To Revolutionize African Banking For Next Generation”- CEO OjirehPrime

Noteworthy is OjirehPrime’s unwavering dedication to delivering an unmatched banking experience, complemented by top-tier customer service and a commitment to fee-free banking.

Fidelity Bank records highest earnings per share on the NGX for H1 2023

A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.

Gulf Africa Bank launches latest branch in Eastleigh

The branch is equipped with digital infrastructure such as the cash Deposit machine that allows customers to bank cash without the help of a teller.

KCB profit falls to Sh15bn on higher costs

Net profit retreated to Sh15.5 billion from Sh19.5 billion posted in the preceding similar period as the ramp-up in provisions overshadowed earnings from the mainstay business

Access Bank Ghana Records Impressive First-Half Performance

Additionally, the bank's total assets saw substantial growth, from GH¢ 8,602 million to GH¢10,369 million over the same period.

Banks oppose plan to raise large cash reporting threshold to Sh2.1m

Retain the cash limits at $10,000 or equivalent in other currencies as opposed to the $15,000 or equivalent in other currencies

South Africa's Standard Bank posts 34% jump in interim profit

The lender posted a headline earnings per share of 12.8 rand for the six months ended June 30, up from 9.55 rand a year earlier

South Africa's top online retailer braces for battle with Amazon

Takealot launches 1-hour delivery as Amazon entry expected

KCB inks Sh1bn loan insurance deal for small businesses

Risk-sharing facilities are increasingly emerging as key tools of supporting the closing of knowledge gaps by lenders

Absa’s rest of Africa operations come to the rescue

Providing a third of its profit, the bank is upbeat about its prospects for growing market shares outside SA

Banks strike high-profile borrowers in default panic

KCB Group, Kenya’s largest bank by asset size, has been the busiest in the courts, applying for the seizure of various properties for unpaid loans running into billions of shillings.

After Buying Standard Chartered’s Sub-Saharan Banks, Access Holdings Acquires $7m Stake in Kenyan Subsidiary

The capital injection will increase Access Bank Kenya's shareholder funds and capital ratios

Things are looking up for South Africa, says Absa

Overall, the dividend per share for the period jumped by 5.4% from 650 cents in 2022 to 685 cents in 2023.

Kenya cuts use of ‘emergency loans’ as cash flow pressure eases

Improved performance in domestic borrowing has helped ease liquidity bottlenecks

Retail Banking