Managers of Wealth Africa

Ecobank named “Best Retail Bank in Nigeria 2020” – Asian Banker Awards

Asian Banker has announced Ecobank Nigeria as the Best Retail Bank in Nigeria.

Access Bank unveils Kenyan operations after Transnational takeover

The lender seeks to contribute to Kenya’s very own economic prospects as it trails its eyes on agriculture a niche for commercial lending.

I&M Holdings Ltd set to buy 90% share capital of Orient Bank

The deal will add to I&M’s regional banking operations comprising Kenya, Rwanda, Tanzania and Mauritius.

'Alarming' findings for banks, with just one scoring well in sentiment index

Financial institutions: ignore your customers on social media at your peril

Kuda Bank: Changing the face of banking for the millennial

Kuda Bank’s model saves conventional banks the heavy cost of running network branches, further translating into free banking services for customers.

Cheque payments recover from second quarter fall after economy reopening

The volume of cheques cleared at the Automated Clearing House under the Kenya Bankers Association (KBA) was slightly more than 3.62 million, a 17.75 percent rise from nearly 3.1 million in April-June period.

FCMB Named ‘Best SME Bank in Africa’

In the survey, we also asked customers to rate how well their main Banks have helped them during the crisis.

Atwima Kwanwoma Rural Bank increases its asset

The Bank’s total loans and advances also stood at GH₵34,919,716.00 as against GH₵31,314,866.00 in 2018, an increase of 11.51 per cent.

Ecobank named Best Retail Bank in Nigeria 2020

“We are pleased to be recognised as ‘Best Retail Bank of The Year’ in Nigeria. This confirms the strength of our brand in innovative banking products and digital solutions to deliver services to our teeming customers across the various s

First National Bank crowned the best SME Bank in the world

The awards were judged by a committee of industry experts, with a specific focus on reach, uniqueness and innovation, effectiveness and impact, as well as dynamism and scalability.

Remittances to sub-Saharan Africa to drop to $44bln in 2020 (World Bank)

This new figure comes a few days after the report of the United Nations Economic Commission for Africa (UNECA) which predicts a 21% drop in remittances from the diaspora to the entire African continent.

Crown Agents Bank extends African payments reach with Paga partnership

The move follows on from Crown Agents Bank’s existing work with Paga in Nigeria, which enables domestic transfers for organisations with a local Nigerian presence.

Ecobank Advocates More Collaboration between Fintech, Banks, and Telcos to Spur Economic Growth in Nigeria

According to Dr Aina, businesses and stakeholders in general must appreciation changes in the customers’ behavior, which is the main thing that determines a company’s success.

Fidelity Bank posts N20.41 billion profit in nine months

Fidelity bank posted a Profit After Tax worth N20.41 billion for the period ended September 2020.

Kenya’s Equity Bank targets regional role

Suspending dividends has allowed chief executive James Mwangi to build a $100m war chest for cross-border deals

Access Bank Rwanda introduces Agency Banking

The model allows Access Bank to contract third party retail networks across the country to serve as banking agents offering financial services on their behalf.

Ecobank restates commitment to AfCFTA

Also speaking, AfCFTA, Mene Wamkele expressed satisfaction that Nigeria is ready to deposit the instrument of ratification of the AfCFTA, noting that he is looking forward to Nigeria’s leadership in AfCFTA.

Kenyans’ stake in KCB jumps to new high of 65 percent

A total of 40 new institutional investors and 1,416 individual shareholders went for KCB shares during this period even as the existing ones ramped up their stakes.

The Future of Self-Service

The young customers of today don’t have the time to look for a branch, stand in queues, and speak to banking staff.

Access Bank eyes nine counties in expansion

Access Bank did not disclose how much it intends to spend on the expansion drive.

Retail Banking