Managers of Wealth Africa

Cheapest bank accounts in South Africa right now

New fee structures have also taken effect in the last few months, such as updates for the Bidvest GROW account and FNB’s prodcut suite.

Don’t expect Nedbank, Discovery Bank, Capitec and FNB to change just yet

The research surveyed 1,000 people across the board, from executives in the industry to average consumers.

Barclays raises $623 million in gross proceeds from Absa exit

The placing is expected to result in a proforma increase of about 4 basis points to Barclays' group CET1 ratio

Fidelity Bank grows half year profit by 20.7% to N23.3 billion

...proposes 10 kobo interim dividend

Fidelity Bank Gets CBN’s Approval to Acquire Union Bank UK

The proposed acquisition marked Fidelity Bank’s first foray into the international market and signals yet another milestone in the bank’s increasing profile as a leading African bank.

Agusto & Co Predicts 23% Return on Equity for Nigerian Banking in 2022

The rating agency made the prediction in its 2022 Banking Industry outlook adding that it anticipates a 16.5 per cent year-on-year (Y-o-Y) loan growth in 2022.

Ecobank Nigeria Unveils Special Scheme on Loans and Remittances

Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cash flow.

Agusto & Co forecasts 16.5% banking sector loan growth

It disclosed this in its annual ‘2022 Nigerian banking industry report’, which provided a comprehensive review of Nigeria’s banking industry and the near-term expectation for the Industry.

Fidelity Bank proposes to acquire Union Bank UK

It is the latest phase in the train of divestments by Union Bank which, beginning late last year, saw it offload 90 per cent of its shareholding to a new owner, Titan Trust.

Banks are ready to make a permanent shift in how they do business in South Africa – but there’s a catch

This consumer paradigm shift goes beyond an expectation that banks will simply offer digital apps and websites atop their core brick-and-mortar services and operations.

Standard Bank supports gender transformation

Celebrates exceptional women CAs while helping to raise bursary funding for those who aspire to follow in their footsteps.

Stanbic IBTC Holdings: BUY ratings maintained on impressive half year scorecard

The proposed interim dividend is valued at about N19.435billion

Nigeria’s Diaspora remittances rise 20.3% to $5.16bn in Q1’22

On a Quarter-on-Quarter basis, QoQ, remittances rose by 2.6 per cent in Q1’22 from $5.03 billion in Q4’21. This represents the seventh consecutive quarterly increase in diaspora remittances.

UBA Partners MFS Africa on Seamless Digital Payments and Remittances

Both organisations signed an MoU at the UBA Head Office in Lagos on Tuesday, heralding the start of a partnership that will be pivotal in leveraging MFS Africa’s digital payment hub that connects over 400 million mobile money users to a wide range

UBA, African firm partner on innovative payment solutions

Speaking during the signing ceremony, the UBA Group Deputy Managing Director, Muyiwa Akinyemi, emphasised the benefits for customers in the long run.

Stanbic Uganda targets $100m in loans to small businesses

Stanbic has invested heavily in allowing customers to use USSD (Unstructured Supplementary Service Data) for mobile banking.

Moi family shifts Sh520 million StanChart ownership

The shares have been transferred to an investment vehicle labelled Shawmut Limited whose face as director is Eunice Kibiwot Moi, the spouse of John Mark Moi-- the second-born son of the former President.

Capitec is making a permanent shift in how it does business

With regard to the hours an employee will work, Capitec has become more specific to the person, said Lee.

SA banks’ digital dividend

Shrinking branch footprints, a migration to digital platforms and benevolent loan defaults are propping up the SA institutions’ profit

UBA partners MFS Africa on seamless digital payments, remittances

These services are expected to cover the 20 African countries UBA operates in including; Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, the Democratic Republic of Congo,

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