Managers of Wealth Africa

Standard Bank looks to blockchain tech for insurance claims

Insurtech start-up companies in SA have also been unveiling several digital insurance products that are disrupting the market.

First Bank disburses N17bn loans through e-platform

It said the loan disbursement was carried out through FirstAdvance, its digital lending solution.

Banks faulted for wrongfully blacklisting customers at CRB

The High Court said transmitting information to the CRB from a system without verification is not only in breach of statutory duty but also the duty of care owed to customers.

Access Bank to become holding company; moves into South African market

Access Bank also announced definitive agreements to bolster its market position in Mozambique and enter the South African market.

After GTBank, Sterling Bank is restructuring into a holdings company

Although it started trading on the Nigerian Stock Exchange in 1992, it became fully privatised in 2000 after the government sold its stake.

Access Bank gets regulatory approval to become a Holding Company

Access Bank has received approval from the CBN to restructure into a Holding Company.

G-Money now available for fintech parters

The API launch which was held virtually at a webinar allows other financial technology services and payment processors to run the G-Money service on their individual service platforms.

Large banks raise bond holdings by Sh250bn

Genghis Capital analyst Gerald Muriuki said this continued investment in government securities is a strategic move by lenders to cushion their bottom lines, especially from the impact of coronavirus.

The OPEC Fund approves US$20m for SMEs in East Africa

The bank is expanding its resource mobilization activities to meet the growing financing needs of SMEs

South Africa: Banks consider more relief for borrowers hurt by COVID

The scheme is a partnership between the treasury, the central bank and commercial lenders to support businesses with loans until conditions improve.

Ecobank is the "Go to" Bank for Regional Trade in Africa - Akinwuntan

According to him, "while intra Africa trade provides opportunity for the growth of our economy in Africa, Ecobank is 'the go to bank' for Africa regional trade".

Mogadishu-based Amana Bank signs comprehensive software deal with Path Solutions

The new project will be deployed on Oracle Cloud Infrastructure for high-performance computing power to run the bank’s IT workloads while providing real-time elasticity

Access Bank Restates Commitment to Tech Innovation

Odusote noted that Hackathon was not just a one-time project as the government would take it further to ensure that all the solutions developed by the participants were put to use.

Tony Elumelu, two other Nigerians among Time magazine 100 Most Influential People of 2020

UBA is reputed to be the only African bank with a commercial deposit taking licence in the United States.

'Whatever you are passionate about make a success of it' Absa exec Punki Modise

Banking in my mind gives one a window to the economy and also affords the opportunity to actively participate and make a difference to the broader society.

Jaiz Bank Wins Award

A statement from Jaiz Bank stated that the GIFA methodology – on which the awards are based and winners selected – is the most detailed approach to screen only the best of the best in their respective award categories.

Access Bank, FBNH, others gross N1.6tr revenue in H1 2020

Despite the harsh effects of the coronavirus (COVID-19) pandemic that trimmed physical banking activities for over three months, some banks quoted on the Nigerian Stock Exchange (NSE) earned a total of N1.6 trillion in the first half of 2020 financial yea

Ghana: CBG MD Honoured at Ghana Development Awards

He has served in several roles in Standard Chartered Bank, United Bank for Africa (UBA) and First Atlantic Bank Limited.

Africa: First Bank's CEO Bags Forbes' Best of Africa Award

Forbes had stated: "Adesola Adeduntan believes strongly in the importance of doing well by doing good. In March 2020 he spoke at the Edinburgh School of Business about financial institutions' role as drivers of financial inclusion.

South Africa Banks Gather Their Defenses to Ride Out Virus Storm

A report by PwC, covering results at Standard Bank Group Ltd., FirstRand Ltd., Absa Group Ltd. and Nedbank Group Ltd., estimates their charges soared by a combined 130% in the first half of 2020 from a year earlier, while profits before provisions grew 4.

Retail Banking