Managers of Wealth Africa

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

Banks cut deposit rates to eight-year low

The falling returns on savings is a blow to high net worth investors and cash-rich firms who last year opted to hold onto cash, leading to a pile-up in bank accounts.

Access Bank Looks Outside Nigerian Market for 30% Profit Jump

It said this year it will expand in eight new African markets by setting up offices in some countries, partnering with existing banks in some nations or deploying digital platforms to provide services to customers.

Where will the Middle East and Africa fit into HSBC's revamp?

HSBC's Middle East and North Africa, or MENA, unit contributed 4.32% of group pretax income in the third quarter of 2020, a recovery from negative 1.16% in the previous quarter, according to S&P Global Market Intelligence data.

TymeBank tiptoes into lending

After Covid-19 scuppers plan to launch unsecured loans.

Retail Banking