Managers of Wealth Africa

UBA is well-positioned to benefit from recovery trends in 2021 – Tony Elumelu

To this effort, UBA Ghana contributed 11% of the Group’s Operating Income and 12% of the Group’s profit before tax.

BoG cautions banks on money transfers abroad

He said funds that were transferred under TTAs that were not registered would attract sanctions when evidence of such transactions became available to the Central Bank.

East African banks raise bad loans provision to cushion distressed clients

A review of the banks audited financial statements shows that top eight Kenyan banks by market share more than tripled their loan loss provisions to Ksh104.64 billion ($960 million) from Ksh28.68 billion ($263.11 million) in 2019.

StanChart named Global Coordinator for Seplat’s $650m bond issuance

This transaction is the largest Nigerian oil and gas bond ever priced in international markets.

As Access Drives Revenue Growth through Retail Banking

The situation was further worsened by the outbreak of the COVID-19 pandemic

Family Bank profit rises 22pc to Sh1.2 billion

Loan loss provisions surged by more than 2.5 times to Sh1.62 billion from Sh734 million in 2019.

Sterling Bank Introduces SocialPay

With social media networks becoming the centre of everyday life for almost 25 million Nigerians, SocialPay will ensure that these digital natives can make quick purchases and receive payments from social stores.

Family Bank defies pandemic to post 22% profit gain

Family Bank Group has posted Kshs. 1.16 billion in 2020 full year net profit, representing a 22.44% increase year on year, mainly driven by interest income.

Apple launches its contactless payment service in South Africa

Apple Pay has joined Samsung’s digital wallet offering, Samsung Pay, which was launched in South Africa in 2018.

SA digital bank secures three-million customers

This announcement follows on from the digital bank securing R1.6-billion from a number of undisclosed global investors

Ecobank Wins Starsight Sustainability Award 2020

Our partnership with Ecobank has delivered an outstanding result in a short window time

Jubilee, Co-op Bank named top dealmakers in East Africa

DealMakers Africa say the Jubilee-Allianz transaction is the largest announced in East Africa during 2020

Co-op Bank reclaims third position in asset rankings

A bigger asset base and efficient management are among the key drivers of a bank’s profitability.

Leaving the Tarmac: Buying a Bank in Africa, A Book by Aigboje Aig-Imoukhuede, Former CEO, Access Bank

Aigboje Aig-Imoukhuede will make a number of significant announcements about his plans for the future at the launch of Leaving the Tarmac: Buying a Bank in Africa.

Standard Bank named Best Bank in Africa

Banks are playing a key role in economic recovery around the world.

Ecobank Group posts N641.8b turnover

Total assets of the group nudged up to N10.4 trillion in the year ended from N8.6 trillion in the corresponding year of 2019, representing 20 percent increase.

Stanbic IBTC Recommends Final Dividend of 360k, Bonus Share

Non-interest revenue ascended 14.7 per cent powered by a 43.4 per cent increase in trading income to N52.1 billion.

Zenith Emerges Best Bank in Nigeria Back-to-Back

Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products.

Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report

The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa

Bank of Kigali named best bank in Rwanda

“This award comes as a true testimony of our dedication to provide the best financial services to our customers, despite the challenges brought by the pandemic,” said Diane Karusisi, Bank of Kigali CEO.