Managers of Wealth Africa

African Bank launches a new SME development programme

African Bank has announced the launch of its new Enterprise and Supplier Development (ESD) Capacity Building Programme

Diamond Bank former director, Chizoma Okoli, acquires more stake in Access Holdings

This acquisition made Access Bank the largest bank in Nigeria and Africa by customer base.

Access Bank records growth: Operating income rises 28.3 per cent

This represents a 28.3 per cent rise during the period.

Banks open new branches in rural counties despite automation

The choice of the new bank branches in these counties also appears strategic as most of them are agricultural-rich with major cash crops such as tea and coffee, meaning they have high cash circulation.

FCMB unveils vehicle ownership scheme

Nigerians can now finance their dream vehicle with an auto loan from FCMB at a low-interest rate with monthly or yearly payment options depending on their income.

Banks’ earnings rise faster than economy growth rate

The banks recorded N371.9 billion in pre-tax profit, an 18.6 per cent increase over N313.5 billion posted in Q1, 2021.

Fidelity Bank Ghana is the Best Bank in West Africa – African Banker Awards

The Bank has over the years perfected a variety of innovative product offerings that have succeeded in absorbing hitherto marginalized customers from the unbanked and under-banked segments into the formal banking sector.

The International Banker 2022 Middle East & Africa Awards Winners

The South African Reserve Bank raised its benchmark repo rate by 25 basis points in March to 4.25 percent, the third straight rate hike, due to increased inflation risks.

Bank accounts reveal Kenya’s pay inequality

The devolved system of government, which took off in 2013, raised hopes of addressing the economic imbalance

First Bank Reiterates Commitment To Creating Wealth For The Unbanked

For over 128 years of First bank’s continuous unbroken operations, many more economic cycles, and industry transformations whilst reinventing itself many more times than any financial institution on the continent. https://tribuneonlineng.com/first

African Bank pursues SME market with purchase of Grindrod Bank

Purchase of all of Grindrod for R1.5bn is intended to speed up entry into business banking market

African Bank profit well up as it moves to improve retail and business banking

Improved profitability was also due to increased income earned on loan disbursements, which were up by 89 percent to R6.35bn.

Absa Kenya's profit hits KSh 3b in first quarter of 2022

Absa Bank Kenya revenue grew by 12% to KSh 9.9 billion driven by the net interest which increased by 15% to KSh 6.9 billion

‘Banks can’t achieve 95% financial inclusion goal without secure technology’

The main goal of the NFIS is to ensure that 80 per cent of Nigerian adults are financially included by 2020.

African Bank reports return to profit

African Bank said it expanded its retail banking offering, with MyWORLD providing a wider range of products and value-added services for customers.

Stanbic IBTC Bank to Splash N156m on Customers

The bank’s aim is to maintain this throughout the 12-month promo time by which a total of 840 customers would have been rewarded with N100,000 during the monthly draws.

Global lenders want a piece of East Africa’s retail banking market

Local banks are becoming more competitive regionally with platforms that appeal to East Africans

Access Bank Emerges Best Performing Stock, Awosika Chairman of the Year

Access Bank was named the best stock in the ‘Financial Services -Banking’ category for its exemplary performance and creating value on the NGX compared to other quoted banks in the past year.

Heritage Bank uses technology to deepen financial inclusion

No doubt, financial inclusion has assumed a greater level of importance due to its perceived relevance as a catalyst for inclusive economic growth.

Access Holdings Plc disowns online investment platform, Access Capital Daily Investment

Access Capital Investment is alleged to be a Ponzi scheme offering a 100% ROI.

Retail Banking