Managers of Wealth Africa

MTN Nigeria hits N1.09 trillion H1 2026 profit, up 75.4%

Declares N26 interim dividend

Fitch cautions about African bank growth

Fitch said expanding in Africa could enhance South African banks’ earnings prospects in the longer term as developing a pan-African franchise would compensate for the local subdued credit growth.

Absa Bank Kenya Automation Surge: $31M Tech Spend Drives 71% Process Automation

The heavy automation drive reflects a broader structural shift in East Africa’s banking sector, where customer engagement has almost entirely migrated away from physical brick-and-mortar networks to digital and alternative self-service channels.

Mozambique Approves IP Strategy to Study AI Patentability and Digital Rights

In that context, the document sets as a target to ‘modernise the administration of IP rights through the use of ICT, including AI’, as well as to ‘digitalise all IP rights administration procedures’.

Top 10 bank apps in Nigeria by downloads in July 2026

This transformation has shifted the centre of everyday banking from physical branches to the screens in millions of Nigerians’ hands.

eZi Remit collaborates with Mastercard to enhance cross-border payments and drive financial inclusion in South Africa

Collaboration is designed to enable remittances from South Africa to 25 countries via Mastercard Move

Fintech expert advocates single African currency to boost trade

The event will examine the evolution of payments as the operating layer for travel, commerce and logistics across Africa amid rising cross-border trade, foreign exchange volatility and fragmented settlement systems.

Why South African banks still charge for instant payments

Digital challenger banks argue that instant payments should be treated as a core banking service rather than a premium feature.

Nigeria tops Africa in Global Responsible AI Index, ranks 38th worldwide

The report says Nigeria has distinguished itself by pairing AI skills development with enforceable governance measures instead of focusing solely on technology adoption.

Mobile-money histories should unlock loans, insurance for informal workers – BoG fintech head

He said mobile money wallets should increasingly become a pathway for small traders, informal workers and ordinary consumers to access services that traditional bank accounts have long provided.

Telkom launching new R100 million AI Institute

The coalition has surpassed $82 billion in global commitments to connect the world, with Telkom among the few African companies recognised in the recent round of pledges.

Financial platform for immigrants LemFi buys Wealth8

It has also secured approval from the Central Bank of Ireland to acquire Bureau Buttercrane, granting it instant access to the entire European Economic Area.

10 largest banks in Nigeria by branch Network in 2026

Together, the three banks operate more than 1,400 branches, highlighting the continued relevance of physical banking in Africa’s largest economy.

Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs

Industry representatives warn that locking up nearly a third of their reserves in Kenyan commercial banks could choke operational liquidity, slow transaction speeds, and increase costs for consumers who use stablecoins for cross-border trade and remittanc

FinTech