Managers of Wealth Africa

KCB seeks approval to buy two banks in TZ, Rwanda

The lender, which already has presence in the two markets, signed a share purchase agreement with London-based Atlas Mara Limited and gave itself a six-month timeline to complete the deal.

Banks’ profit hits 8-year low on Covid disruptions

The weaker performance came in the period of slowed economic activities and increased debt defaults as Kenya imposed strict measures to control the spread of Covid-19.

Fidelity Bank Plc posts N7.63 billion Profit in Q4, 2020

Fidelity Bank has reported a decline in its PAT for Q4 2020 by 18.6% Y-o-Y.

Ecobank Group Posts N630bn Revenue in 2020

The bank also recorded improved performance in other key financial indices despite the harsh operating environment with deposits from customers went up 23 per cent to N7.3 trillion from N5.9 trillion; loans and advances to customers grew by nine per cent

Nedbank offers contactless service to collect bank card

The Nedbank lockers were originally conceptualised as a solution to the issues that have plagued traditional card deliveries and collections over the years.

Union Bank’s principal owner ‘considering sale of 50% stake’

Atlas Mara has received offers from local banks wishing to buy over Union Bank.

Polaris Introduces Business Loan for SMEs

To apply, existing and new customers of the bank should visit any Polaris Bank branch to complete the loan application process

Mobile money overpowers card payments in Kenya

On the other hand, the value of mobile money payments increased by 44.5% to USD 4.83 billion from USD 3.34 billion in the same period.

Nigeria’s Biggest Bank Picks Eight Countries for Expansion

The bank already operates in 12 countries following a series of acquisitions spanning from Kenya to its home market.

Nigeria's biggest bank wants a Namibian share

The bank currently operates in 12 countries following a series of acquisitions ranging from Kenya to its home market, Nigeria.

Leveraging data and analytics to improve customer engagement in Kenya’s financial services industry

East African banks are responding to this by employing new data-driven personalisation strategies, allowing them to combine customisation and context.

Kenya's Co-op Bank gets $75m for lending to MSMEs

The seven-year loan will be benefit MSMEs undertaking climate-smart projects including agricultural inputs and sustainable agricultural practices, as well as those in renewable energy.

Standard Chartered Nigeria Plc crashes ‘personal loans’ interest rate to 1% monthly

The Bank crashed its interest rate to one of the lowest in Nigeria’s lending space.

Equities Market Rises Further as Bulls Consolidate Hold

Enyo is one of the newest and fastest growing retail and supply companies in the downstream sector.

Bank investors to miss Sh33 billion dividend

An unprecedented six of the 11 Nairobi Securities Exchange (NSE)-listed banks have warned that their profits will fall by more than a quarter—painting a bleak dividends outlook.

Alibaba may offer South African red wines, Standard Bank says

Standard Bank has positioned itself as a provider of trade solutions between Africa and China through its partnership with the Industrial and Commercial Bank of China.

Digitalisation is here to stay

This shift was also highlighted in a recent Mastercard e-commerce study, which revealed that 68% of South African consumers are shopping more online since the onset of the Covid-19 pandemic.

Why South African banks limit your transaction history

Transactions older than certain cut-off dates may even require the customer to visit the branch to inspect them.

Co-op Bank signals positive outlook amid profits drop

The bank restructured loans valued at Sh46 billion by the end of the third quarter to help customers negatively impacted by the pandemic.

Bank highlights business support solutions

Stanbic IBTC Trade Club offers business owners exposure to meet and trade with suppliers anywhere in the world, thus giving them the needed exposure to thrive.

Retail Banking