Managers of Wealth Africa

Dark clouds gather for punch-drunk retailers in South Africa

Looking over a longer period, retail trade sales decreased by 1.1% in the three months ended August 2023 compared with the three months ended August 2022.

Access Bank and Visa partner to facilitate B2B cross-border payments

The collaboration will enhance customer experience and develop commerce across various trading corridors

Bank deposit compensation scheme grows 16.7 percent to Sh179.8 billion

New disclosures by the Central Bank of Kenya (CBK) show the deposit insurance scheme run by the Kenya Deposit Insurance Corporation (KDIC) now has a coverage of Sh750 billion

Zenith, Access, FBN, others make list of top 100 banks in Africa

The report said the top Nigerian bank is Zenith Bank, ranked 12th among the 100 African banks.

TymeBank’s monster growth – 200,000 customers signing up every month

Jonker noted that TymeBank’s customer acquisition rate has continued to accelerate, with more than 200,000 customers signing up every month and a 70% account activity rate on a rolling 30-day basis.

Equity Bank bags 6 prizes at Euromoney Awards

These prestigious accolades reaffirm our unwavering commitment to transforming lives

First Bank, Lafarge assure customers of support

Martins, who was represented by Group Head of First Bank, Mobolade Ojeahere, said the forum would help the distributors identify the various challenges in the industry

Bank Zero launches commercial banking

Due to the higher transaction volumes, savings for larger businesses are exponential, the group said.

North Africa’s Top Banks in 2023

The top four in our 2023 ranking of North Africa's Top 20 banks remain unchanged from last year, with National Bank of Egypt at #1 and Banque Misr at #2.

Kenya picks Citi and Standard Bank to advise on maturing $2 billion Eurobond

Finance Minister Njuguna Ndung'u has sought to downplay the situation, saying it is not a "big deal".

Three Moroccan Banks Secure Spots in Africa’s Top 10 for 2023

The Banker said that Moroccan banks demonstrated resilience and stability in a challenging economic environment.

Bond auctions underperform amid investor-CBK interest rate standoff

On the T-bills sale, which targeted Sh24 billion across the three tenors of three, six and 12 months, the State managed to raise Sh4.52 billion.

How we fared in sustainability, innovation, by Union Bank

The 7th edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success,’ provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future.

GCB introduces new mobile banking application

The enhanced App, which replaces the current one, comes with more exciting features.

NCBA, National Bank step up battle for retail customers

Our goal is to offer the support to overcome these, enabling them to realise their full potential,” said NBK managing director George Odhiambo.

11 Banks’ Non-performing Loans Hit N1.67tn on Write-offs, Restructuring, GSI

For most African Countries, currency depreciation contributed to higher inflation and public debt figures as well as a deteriorated loan position.

Co-op Bank overtakes KCB at bourse

Equity Group remains the most valuable bank at Sh135.6 billion despite losing Sh34.3 billion over the review period.

All 29 bank branches where you can get your Smart ID and Passport in South Africa

The confirmation follows the announcement from the Department of Home Affairs this week that the pilot with the banks would be extended to March 2024.

Capitec joins the chorus of warnings for consumers in South Africa

The net credit impairment charge grew by 62% to R4.8 billion, with the higher charge mainly due to an increase in the migration of balances into stages 2 and 3 of the retail loan book.

Old Mutual on track to launch new bank in South Africa

In March, the group said it planned to launch the new bank in the second half of 2024.

Retail Banking