Managers of Wealth Africa

Safaricom in Talks With U.S. Giant Amazon on Mobile Payments

East Africa’s largest company sees fintech as key sales driver

Reward for Loyalty

By placing value on their customers, the bank has shown its commitment to its partners, thereby helping them attain their goals and dreams, particularly at a difficult and trying economic time as this.

Inside First Bank Board Shake-up: How vested interests divide Nigeria’s oldest lender

A key reason for the crisis is the tussle for control of the bank between a block led by Oba Otudeko and Mike Adenuga, who recently emerged as one of the biggest shareholders in the bank.

Finance in Common Summit Spring Meeting: public development banks call for new financing for Africa’s recovery post-Covid-19

Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa

Race for Africa’s retail banking dominance hots up with Access Bank in East, S’Africa

It was therefore not surprising that its merger with Diamond Bank Plc in early 2019, saw that vision of wanting “to be the world’s most respected African bank” becoming even clearer and more realistic than when it was first conceptualise

Union Bank’s assets sale triggers investors demand

Prior to the sales report, the stock price had been trading flat with demand for shares limited at six figures.

KCB seeks partnership in Sh6bn homes, offices plan

This indicates that the successful JV partner will have a majority 61 percent stake in the project while KCB will hold a minority 38 percent shareholding.

Rand Merchant Bank Wins Award

“This was an important transformation for our business, and we are thrilled to be recognised as an innovative and outcome-driven bank.”

These are the most complained-about banks in South Africa

Internet banking complaints decreased and is no longer the largest category of complaints received

UBA, Zenith, seven others grow customer deposits to N30.81tn

Customer deposits in Guaranty Trust Bank Plc increased to N3.60tn in March 2021 from N3.51tn in December 2020 while that of Fidelity Bank Plc rose to N1.75tn from N1.69tn.

Standard Chartered Bank 2020 net profit down 42%

“Our performance remained buoyant in the face of the extraordinary challenges posed by the pandemic and associated economic contraction,” Saltson said.

South Africa’s most exclusive bank accounts for the super rich – what they cost and what they offer

Private banking group Investec has previously been mum on its salary requirements to qualify for an account but has now invited people who earn over R800,000 annually to apply.

Kenya’s I&M completes majority acquisition of Orient Bank

The Group is said to have already made noteworthy investments in its robust infrastructure as part of its digital transformation journey.

Access Bank Targets Domination

For the year ended December 31, 2020, posted gross earnings of N764.7 billion, showing a growth of 15 per cent from N666.8 billion in 2019.

Banks post record Sh46bn gross profits in first quarter

The CBK survey shows the quarter’s profitability has been helped by a sharp drop in new provisions due to a drop expected in loan losses and recovery efforts,

Zenith, Access, others move to acquire Union bank, other African assets of Atlas Mara

Atlas Mara has been working with Rothschild & Co. to consider options for its Union Bank stake.

SA’s Absa Bank negotiates $150mln from IFC for green projects

Absa wants to increase its financing in projects targeting biomass and renewable energy.

Shareholders Hail Sterling Bank

He noted that in line with the commitment to drive operational efficiency across the organisation, the bank achieved a 2.5 per cent reduction in operating expenses as it continues to leverage on past investments made in technology.

Babalola, Hassan-Odukale Visit FBN Group

The chairmen held a meeting with the executive team of the Group further to their recent appointments by the Central Bank of Nigeria.

Treasury removes 20pc excise tax on bank loans

The 20 percent excise tax was introduced in 2018, triggering an increase in the cost of bank services, including loans, transfers — both local and international — over-the-counter withdrawals as well as ATM transactions and account operating f

Retail Banking