Managers of Wealth Africa

South Africa’s new state-owned bank is in trouble

The shift allowed for the creation of a bank-controlling company

Absa Business Credit Card Launched

The new Card was unveiled at the 2025 Absa SME Business Forum, themed “Innovation for Growth: Unlocking Kenya’s Enterprise Potential.”

Major banks closing down and shrinking branches in South Africa

BusinessTech examined the full-year financial reports for Standard Bank, Absa, Nedbank, and Capitec for the latest available year. Data from FirstRand’s interim results were used.

Major threat to Visa and Mastercard in South Africa

“The crypto payment landscape has crossed the chasm. It’s no longer just for early adopters, it’s part of mainstream commerce,” they said.

Ecobank Wins Three Awards at the World’s Best Banks 2025 Awards

Jeremy Awori, Ecobank Group CEO, said the awards reflect the bank’s commitment to customer-centric strategies

Bank of Ghana posts operating loss of GH¢9.49bn in 2024

The Bank of Ghana added that “the bank is committed to maintaining price and financial stability and creating an enabling environment for businesses and individuals to thrive”.

African Development Bank’s Adesina affirms civil society’s critical role in unlocking Africa’s capital for inclusive growth

A major focus of the event was Africa’s untapped capital

Top 10 Largest Banks in Africa 2025

Banks in Africa have become stronger, more resilient, and increasingly competitive, leading to more investor and customer confidence across the globe.

African Bank readies digital lending business for SMEs

It is setting up a new unit to focus on digital lending for its more than 21 000 business customers across its investments and loans portfolio.

Absa Group strengthens retail and business leadership team

Absa veteran Faisal Mkhize, chief executive for Relationship Banking assumes the role of chief executive for Business Banking.

Access Bank completes acquisition of Kenya’s bank

With the finalisation of the deal, NBK, previously 100% owned by KCB Group, is now a wholly-owned subsidiary of Access Bank Plc.

Standard Bank Named Africa’s Most Admired Financial Services Brand

The Africa Best Brands study is described as the most comprehensive, research-based ranking of Africa’s most admired brands.

FNB banking fee and eBucks changes for 2025

The key changes for the year include slight increases to banking fees, as well as increases to the monthly account charges.

Cross-border payments: 22 Nigerian commercial banks join PAPPS scheme

According to PAPPS,16 African countries and over 150 commercial banks are now connected on the platform

Banks’ Profits Rebound, Non-Performing Loans Hit 20-Year High

Gross NPLs increased by 6.6%

African Bank has a new target

The acquisition of Sasfin’s capital equipment finance and commercial property finance division has strengthened the bank’s business and commercial proposition

Mobile money transactions in Ghana increase to GH¢365b in April 2025

This marks a remarkable 80 per cent increase from the GH¢203 billion recorded within the same period last year, signalling accelerated adoption of digital financial services nationwide.

Head of G- Money Financial Services wins Fintech Executive of the Year

The prestigious accolade recognizes his outstanding contributions to digital transformation, leadership in financial services, and dedication to driving impactful change across the sector.

The man running one of South Africa’s fastest growing banks worth R27 billion

He left his role as CEO in 2008 but stayed on as a non-executive director until 2012.

Capitec competitor spending billions in South Africa

The deal marked Africanbank’s entry into the South African business banking sector.

Retail Banking