Managers of Wealth Africa

Banking fraud fears, poor network keep card payments low

The number of mobile money Lipa na Mpesa merchants in the meantime stood at 387,000 as at September 2021, data from Safaricom shows, having jumped from 122,000 in March 2013.

Absa is Now Letting Android Users Turn Their Phones Into Card Machines

NFC allows customers to pay using their card, wearable or other contactless wallet option of choice.

UBA: Growth in Interest Income Drives impressive Performance

UBA in the period under review also improved on its top-line performance by 7.8 per cent to N660.22billion in 2021 from N616.84billion reported in 2020.

United Bank for Africa Plc reports profit of N119 billion in 2021

UBA’s profit performance is on the back of all margin growth as income from interest and fees and commission income are all appreciated year on year.

East African apex banks optimistic of economic growth despite risks

The governors said in a joint statement issued in the Kenyan capital Nairobi that the regional economy has been on a recovery trajectory with an average growth of 4.2 percent posted in 2021

Standard Bank Fleet Management Wins The Diamond Arrow Award At The Prestigious PMR.africa 2021 Awards

First overall in fleet cards category awarded for the 11th year to Standard Bank

Capitec denies owing aggrieved client

Bank claims account overdrawn

Wema Bank affirms commitment to SMEs growth

He spoke at the bank’s first-quarter SME webinar series themed ‘From Talent to Wealth: Building your Talent into a Successful Business.

SA banks’ act of severing ties with clients slammed

hey qualify risk using a set of prearranged principles and questions.

KCB Bank Network Now Accepts Verve Cards

This arrangement further highlights KCB Bank’s focus to provide innovative banking solutions across Uganda.

FNB reveals strong growth in value-added services and digital platforms

FNB said it increased its customer numbers to a combined total of 10.69 million, comprising 8.82 million customers in South Africa and 1.87 million customers in the Rest of Africa.

Zenith Bank’s gross earnings rises to N765.6bn

Profit before tax also grew by 10 percent from N255.9 billion to N280.4 billion in the year.

Standard Chartered set to boost infrastructure for economic growth

Nigeria continues to be a key market for Africa Middle East, AME region.

Standard Bank Welcomes “Business Friendly” Aspects Of 2022 Budget Speech

Standard Bank has assisted impacted small businesses with COVID-19 related support and funding. In the early stages of the pandemic, the bank’s focus was on helping businesses stay in business and meet their obligations.

Prime Bank Scoops Customer Satisfaction Award

“The award, which is a pleasant improvement from the previous year in which we ranked third, shows our relentless efforts in ensuring that our customers get the best services”

Co-op CEO feted for boost to cooperative movement, banking

Muriuki, who was last year named CEO of the year in the 2021 African Banking Awards, moved Co-op from a Sh2.3 billion loss-making entity in 2001 to become the third-largest lender in Kenya.

Attijariwafa Bank’s profit increased in 2021, still below pre-covid-19 levels

The available financial reporting does not allow reading of all the indicators.

Access Bank Mozambique wins an International Award at the 9th edition of Global Brands Magazine Awards

Access Bank Mozambique, the largest bank in Africa, has won the "Best Banking Brand - Mozambique, 2021" and "Best Bank for Treasury Activities- Mozambique, 2021" for the year 2021.

Citigroup Maps Out Expansion of Commercial Banking Across Africa

Under CEO Jane Fraser, who took over last March, Citigroup has been paring far-flung consumer operations and scrutinizing the bank’s presence in markets around the world.

Fitch ratings completes peer review of five major Moroccan banks

The review also led to Fitch revising its outlook on the Moroccan banks' operating environment to stable from negative.

Retail Banking