Managers of Wealth Africa

Kenya’s Diaspora Remittances Rise to Ksh 63.4 billion in April 2025

Remittance inflows in April 2025 amounted to USD 422.9 million

Standard Bank continues to lead the charge in empowering women in property ownership

With a steadfast commitment to ensuring that first-time buyers have access to the necessary funds and facilities, Standard Bank is paving the way for a more inclusive and equitable property market.

First Bank motion dismissed by court — GHL

“The court held.” That the application to withdraw Motions on Notice dated and filed 25″ March, 2025; dated and filed on 28″ March 2025 and dated and filed on 2™ April, 2025 is granted as prayed.

Absa Bank relaunches its custody business in Kenya

The bank says it aims to cater to a diversified client base, including investment firms, pension funds, and other financial institutions seeking secure asset management solutions.

Empowering Customers: First Bank’s commitment to financial literacy

FirstBank offers personalized one-on-one engagement for tailored advice

Redefine retail sees first positive lease renewal reversions in three years

In South Africa, overall portfolio occupancy improved to 94.7%.

Fidelity Bank champions long-term investment, pension reform for economic resilience

On pension fund management, Mr Boateng expressed concern over growing calls to lower fees to unsustainable levels.

Major South African retailer hits 525 stores across South Africa

This reflected higher net finance costs associated with the new external debt introduced as part of the pre-IPO balance sheet restructuring.

Stanbic, Centenary, and Absa Dominate Uganda’s Banking Profits in 2024

Stanbic Bank, Centenary Bank, and Absa Bank Uganda emerged as the most profitable institutions, jointly accounting for over 60% of total earnings.

Concerns mount over disbursement of El-Rufai’s $350m World Bank loan in Kaduna

These council areas have been identified to be left in the lurch, years after the much-touted Urban Renewal Road projects initiated by the immediate past administration of ex-Governor Nasir El-Rufai took off.

Why South Africa’s instant payment system isn’t catching on

PayShap is South Africa’s instant payment system allowing transfers of up to $3,000

Ghana’s banking sector hit by rising fraud as 155 staff dismissed in 2024

Ghana’s banking sector continues to grapple with a growing wave of fraudulent activity, with 155 employees dismissed in 2024 for their involvement in fraud.

10 Banks With Highest Customer Deposits in Nigeria

ETI recorded the highest customer deposits among listed banks in 2024, totalling N31.64 trillion.

Bank AL Habib closes down operations in Kenya

The closure, according to the bank, follows a strategic review by its Board and a global restructuring aimed at improving operational efficiency.

Secret weapon for new South African bank taking on Capitec

The insurer has spent R2.8 billion since 2022 building out the bank and securing the retail banking licence.

Standard Bank fraud warning in South Africa

Scammers post fake job advertisements, which promise high salaries with minimal effort. However, their true purpose is to steal information or money.

African Banker Awards 2025: Shortlist of nominees announced

The ceremony’s platinum sponsor remains the African Guarantee Fund

Sterling Bank to Give Nigerians N1m Extra Every Month

It provides an advance to settle bills or make payments without delays, or any of the friction associated with traditional credit systems.

Banks’ customers to pay N6 per SMS transaction alert starting today

The SMS charges were increased by 50% to N6 from the previous N4 per message.

Nigeria: Zenith Bank assures shareholders of quantum leap in future dividends

The bank’s robust financial performance in 2024 alluded to its commitment to continually delivering value to its investors in spite of challenging macroeconomic conditions

Retail Banking