Managers of Wealth Africa

Deputy chief executive of S.Africa's ABSA dies of COVID-19 complications

South Africa is the hardest hit country in terms of infections and deaths across the African continent, with 1.5 million cases and just over 50,000 deaths.

The African Development Bank to introduce first women beneficiaries of AFAWA Guarantee for Growth program

The AFAWA Guarantee for Growth program targets financial institutions to increase their appetite to lend to women who are known to be better payers

Stanbic Holdings reports Sh5bn net profit for 2020

Stanbic increased loan provisioning by 64.7 per cent to Sh4.3 billion in the wake of the virus crisis that saw massive layoffs, pay cuts and companies’ declined revenues, hurting borrowers’ ability to repay.

Ecobank Group’s Josephine Anan-Ankomah talks about importance of banking for women

The firm would most probably have been better run, more conservative in its risk taking and would have avoided massive gambles on products it didn’t understand.

Ex-Diamond Bank chairman, Seyi Bickersteth is dead

The death has been announced of Seyi Bickersteth, a former chairman of Diamond Bank Board of Directors.

FirstRand expects faster than expected economic recovery

The Johannesburg-based lender has brought its dividend cover to the bottom end of its long-term range of 1.8 to 2.2 times, according to a statement on Thursday.

The SARB is looking at new bank cards for South Africa

The SARB said that most of unbanked South Africans have no immediate need for a card that can be used overseas.

FNB says ‘green shoots’ evident in customer data

The six months saw strong momentum in FNB’s digital platform strategy, with a record 6 million digitally active customers and the transacting base on the FNB App exceeded 3.9 million for the first time.

E-commerce and the dangerous rise of screen scraping

Bank customers are unwittingly giving their login details and information to unauthenticated third-parties

Absa introduces digital account opening

This is another way Absa is finding innovative ways of doing business with our customers in mind.

FBNQuest Raises Target Price of Zenith Bank on Improved Results

The analysts explained that the upgrade to their forecast underpined the 12 per cent upward revision to our 2021 FY earnings per share (EPS) forecast.

EAC pushes to align regional bank with bloc's structure

The group was made up of experts from finance ministries, attorney-generals’ chambers, central banks, the EADB itself and ministries responsible for EAC Affairs.

Ecobank Nigeria’s bond sale shows African corporate debt markets open for business

Ecobank Nigeria is the largest single-country operation of the Ecobank Group, which operates in 33 African countries.

Standard Bank Group establishes Africa’s first Hedera network node

Standard Bank Group has been a pioneer in leveraging blockchain and distributed ledger technologies to bring speed and transparency to its large and growing customer base across Africa.

Access Bank’s N10m for accelerator

This initiative would have a direct impact into the economy because it is targeted at the medium scale businesses and these are the businesses that can change economies in terms of reducing employment rate and socioeconomic levels.”

Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say

The Africa Investment Forum was working to promote content deals as well as digital infrastructure projects to advance creative industries, including support to smaller players

FNB voted Africa’s Most Valuable Bank Brand for a second year

In the last year our brand pushed boundaries in adding value to customers’ lives in a time of uncertainty

Discovery Bank reports ‘pleasing progress’ in difficult trading period

Following early teething problems, the group said that the IT systems are managing the growing customer and transactional volumes well and proved very stable over the 2020 year-end period, maintaining a systems uptime of >99.9%.

Stanbic IBTC Offers Low-Interest Agric Loans

Oshin noted that agricultural enterprises could access overdraft to finance their short-term cash flow and working capital needs.

FNB recognised as Africa’s Most Valuable Bank Brand second year in a row

The top-performing SA brand in the 2021 Brand Finance Banking 500 ranking

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