Managers of Wealth Africa

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.

Afreximbank, UBA disburse NNPCL over $2bn oil-for-cash loan

In a statement from UBA over the weekend, an initial disbursement of $2.25bn has been made and a second tranche of $1.05bn is expected to be disbursed subsequently.

Banks Leverage SDF Gains, Deposit N902.66bn with CBN as Lending to Real Sector Wilts

THIISDAY gathered that banks in the first eight days of 2023 had deposited and borrowed N182.8 billion and N359.88 billion from the CBN, respectively.

FirstRand eyes big expansion plans

Both Standard Bank Group Ltd. and Nedbank Group Ltd., which compete with FirstRand in their home market of South Africa, are moving to capitalize on the rapid economic growth

Africa’s Biggest Bank Eyes Acquisitions to Power Growth on the Continent

Shares of FirstRand rose 18% last year, lagging behind Standard Bank’s 24% rally.

ATM usage drops to 40% over naira scarcity – KPMG

The report further noted that the rise in agency banking emphasises the continued popularity of cash, underscoring customers’ quest for more readily available cash options, primarily driven by the popularity of bank agents across the nation.

South African banks are closing the taps

Credit card growth thus grew slightly from 9% in October to 9.1% in November.

Adeduntan: FirstBank is Future-proof and Remains Committed to the Gold Standard of Excellence in Banking

The global community is yet to recover from the hostilities in Eastern Europe and the Middle East and the wars do not look as if they will end soon.

How billionaire Khimji family sold Fidelity Bank for Sh100

The initial talks had seen SBM propose further payments after recovery of bad loans, but on November 16, SBM had changed its tune and claimed that Fidelity Bank was worth Sh1 billion.

UBA, Sterling Bank lead as NGX banking index records 114.9% growth in 2023

The group also demonstrated a commendable financial performance

Unionpay International selects BankservAfrica for South African card payments

Taking our approach of 'share growth', we can create an enabling marketplace that benefits all participants within the payments ecosystem

Fresh twist in Kiwipay billions at Ecobank

The firms claim that Kiwipay collected the Sh898 million from thousands of their clients, but has declined to transfer the funds to them.

Yoco enables growth and inclusion for small merchants with MediaTek technology

It’s a market that the traditional players in merchant acquiring viewed as too small, fragmented and complex to address in a cohesive and profitable manner.

Domestic borrowing jumps by 134%, rises to N52tn

This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha.

Retail Banking