Managers of Wealth Africa

Afreximbank Pan-African Business Awards : FBN Bank Ghana’s Parent Bank recognized

With its subsidiaries across the FirstBank Group, FirstBank has continued to play a leading role in boosting cross-border businesses

Big changes coming to banks in South Africa

Relevant changes are expected to be published for public consultation during the upcoming financial year.

Safaricom customers set to make payments with Internet bundles

The provision is accessible to both Safaricom post-pay customers with a data balance of 5GB and above as well as to prepaid customers with ‘no expiry’ bundles above 5GB.

Kenyans default on Sh83bn bank loans in 4 months

The stock of bad loans rose from Sh487.7 billion in December to close April at Sh570.6 billion, with the worsening of the NPLs ratio in May pointing to a further rise in non-payments.

Banks shut ATMs to 11-year low on digital, agency banking uptake rise

The continued drop in the number of ATMs, which were once the epitome of convenience, reflects the impact of the growing popularity of agents, internet and mobile banking among customers as they search for even more convenience.

Banks give best returns on deposits in 5 years

The lenders have in the past responded to higher deposit rates by raising the interest rates they charge on customer loans to protect their margins.

Zenith Bank’s Adam, named Chief Financial Officer of the year at All Africa Business Leaders awards

He dedicated the award to the Founder and Chairman of Zenith Bank Plc, Jim Ovia, while expressing his gratitude to the management of Zenith Bank

First Bank gets recognition

Speaking on the awards, the Chief Executive Officer of FirstBank, Dr Adesola Adeduntan

Mozambican Banks To Be the Most Profitable in the SADC Region in 2022

In general, the report said that the main profitability indicators of the banking sector were relatively higher than in the same period last year.

Afreximbank launches Insurance subsidiary to support intra-African trade

Insurance penetration is relatively low in Africa compared to other regions

KCB lends Sh193bn through Fuliza, M-Pesa platforms

The growth in mobile loans was an increase from the Sh157.6 billion the lender distributed in 2021.

53 winners awarded in first draw of Ecobank Double Salary Promo Reloaded

Ecobank is known over the years for its quality services provided to customers.

CBK boss who tamed rogue banks but lost fight to save shilling

In regulating banks, he set out his stall early, warning in his inaugural press briefing that he would not hesitate to crack the whip when called upon.

Access Bank to support SMEs growth with French Desk

Wigwe pointed out that the partnerships will enable the bank to tap into its extensive networks

African Bank more than doubles its customers over six-month period

The Consumer Banking division’s credit impairment charge increase resulted in a sharp rise in the credit loss ratio to 11.1% from 4.8%.

African bank profits up but productivity remains low

While most of Africa’s big banks have posted healthy profits over the previous year’s performance

Why hard currency deposits are piling up

“Operations of our local banks in the region have been the principal driver of the foreign currency deposits. At the same time, some of the banks have been financing some of their lending externally,”

Kenya calls on Africa to adopt pan-continent payments system

President William Ruto urges settlement of payment via local currencies

Zenith Bank Recognised As ‘Best Corporate Governance Financial Services’ in Africa for the Fourth Year Running

Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.

Standard Bank partners DP World to expand trade finance in Africa

By bringing Standard Bank onto the platform, DP World Trade Finance now offers an array of financing solutions to African businesses, which face an ever-growing need for logistics and financial support to connect to global trade routes.

Retail Banking