Managers of Wealth Africa

Kuda Bank Surpasses One Million Customer Base

Kuda is set on reaching all Africans on the planet, the core target of its mission to make banking services affordable, accessible and rewarding.

NCBA profit rises 74pc on high interest income

Interest income from loans and investment in government debt securities rose 8.1 percent to Sh11 billion as the lender increased its purchase of the risk-free assets.

South Africa’s most valuable bank brands

Factors that are considered include marketing investment, stakeholder equity, and the impact of those on business performance.

AfreximBank closes historic US$1,3bn bond

The closing of the transaction is evidence of the bank’s growing capability to harness competitively priced long dated resources into Africa

Absa in 'sell-off talks'

A combination of the Absa business with the Sanlam-owned equivalent would become one of SA's largest money managers

I&M Bank Kenya takes Sh5.4bn IFC loan to boost lending

The subsidiary of Nairobi Securities Exchange-listed I&M Holdings is the latest among local banks to raise billions of shillings from international financiers to fund their expansion and ride out the increased economic risks brought by the Covid-19 pa

Mayfair CIB Bank books its first net profit since 2017

Its interest income increased to Sh277.2 billion from Sh193.3 billion on increased lending in a period when most banks have gone slow on issuing loans. Increased lending saw it fees and commissions from loans more than double to Sh15.2 million.

Absa wins big at the 'Global Finance Digital Innovator Awards'

The bank walked away with two digital banking awards at the 2021 Global Finance Digital Innovator Awards.

Djibouti’s Salaam African Bank acquires Kenyan microfinance

The Islamic lender, which holds 30 percent of the total bank accounts in Djibouti, has a presence in Ethiopia through a representative office and in Kenya through an investment bank licensed by the Capital Markets Authority.

Polaris Bank Nigeria launches VULTe; a new Digital Bank

Offers free giveaways on transfers

Access Bank acquisitions trigger losses for shareholders

In 2018, the lender acquired Diamond Bank through a merger and acquisition deal, completed in 2019.

BMCI launches digital bank Masrvi

This will help strengthen Masrvi’s product line and enable us to offer a full range of banking and financial products in the very short term.

Kasisto Establishes Itself as the Intelligent Digital Assistant Leader for Banking on the African Continent

Kasisto makes key organizational hires within the African market as the firm experiences significant growth and selection of KAI by 3 of the top 5 financial institutions within this important region

Fidelity Bank affirms its commitment to the development of Ghana’s financial and capital markets

The Bank has teams that specialize in a number of strategically important sectors that support Ghana’s real economy.

Cash-strapped banks step up push for State loans

"This could be in form of additional funding to be offered at concessionary rates to the commercial banks (and) Credit Guarantee Schemes."

Access Bank acquires Mozambique’s African Banking Corporation

This was disclosed on Tuesday in a statement signed by the lender’s Company Secretary, Mr Sunday Ekwochi.

Bank Wars: Sterling, Fidelity Bank take charge of Group B

The game, which kicked off by 1pm, saw the Sterling Bank representative, Israel Emoitologa, a Software engineer dominate his Union Bank counterpart, Oluwaseyi Ayoade, a Graphics designer, to grab all three points at stake.

More bank customers use overdraft facilities

The bank said it expected the demand for this facility to continue to grow going forward.

Absa flags an interim dividend as profit recovers

Bank says its divisions are benefiting from lower credit impairments

Absa reiterates plan to resume paying some dividends this year

On the back of a recovery – but warns that a ‘significantly more severe third wave of Covid-19 than currently expected’ remains a risk factor.

Retail Banking