Managers of Wealth Africa

African bank brands punch above their weights

China Construction Bank, Agricultural Bank of China, and Bank of China complete the top four, emphasising China’s financial strength.

UBA Increases Dividend Payment as Profit Grows by 26%

UBA’s net interest income rose sharply to N1.530 trillion, up by 116% year on year from N707.540 billion in the financial year 2023.

Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards

Ecobank’s trade products and solutions are designed around three broad areas: structured trade and commodity finance; trade services; and supply chain finance.

UBA Profit Grows to N804bn in 2024, Declares N3 Final Dividend

The bank’s gross earnings also grew significantly from N2.08 trillion recorded at the end of the 2023 financial year to N3.19 trillion in the period under consideration, representing a 53.6 percent growth.

Standard Bank Named Africa’s Most Valuable Banking Brand For Fourth Consecutive Year

The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Global 500 Banks ranking.

Ecobank Named Africa’s Best Bank for Trade Finance

It offers unique intra-Africa trade solutions, enabling its customers to settle their domestic and international trade transactions efficiently while mitigating payment risks.

UBA unveils domestic card scheme, AfriGo

The Afrigo Card boasts impressive features, including chip-and-PIN security

The big bonuses banking execs receive | How much Kenny Fihla earned in 2024

But with success also comes remuneration of the kind that the average South African can only dream of.

Standard Bank partners with Zeda Limited to diversify funding

Zeda Limited is Southern Africa's leading integrated mobility solutions provider unbundled from Barloworld Group in 2022 and subsequently listed on the JSE.

R180,000 per day! This is how much new Absa CEO Kenny Fihla earned at Standard Bank as a Number 2

He has reportedly been put on ‘gardening leave’ for the remainder of his tenure at Standard Bank.

South African lender Absa forecasts mid-single digit revenue growth

Some of Absa's most sensitive retail and small business customers found relief as inflationary pressures eased, interest rates fell and power blackouts became less frequent.

South African banking CEO kisses R60 million goodbye

In September 2016, Quinn became Absa’s group financial director, a position he held until he departed from the banking group.

Relief for Absa customers in South Africa

East Africa continued to perform well, while Zambia and Mozambique were hit by drought and unrest, respectively.

FirstBank unveils dollar fund for female employees

This is yet another opportunity for women to build a steady stream of income and invest, following the immense success of the first Women Network note that was launched in 2022.

FirstRand profit jumps 10% as fee growth dulls rate-cut impact

Net income increased to R20.9bn in the six months through December.

Airtel, Mastercard unveil new card to boost digital payments

Airtel said customers can activate the virtual card, load funds from their Airtel Money wallets, and start making payments without the need for additional documentation or registration.

How much you would have if you invested R10,000 in Absa, Capitec, Nedbank, and Investec in 2015

This forced the South African Reserve Bank (SARB) to increase interest rates dramatically in a bid to reduce inflation.

Nedbank Group Reports Strong Earnings Growth for 2024

Looking ahead, Nedbank Group remains cautiously optimistic about the South African economic environment

Commercial Bank of Ethiopia Revises Loan Interest Rates

The CBE has indicated that the interest rate adjustments are part of ongoing efforts to optimize credit accessibility while maintaining financial sustainability.

Ghana’s top 4 banks maintain strong Tier 1 capital positions

Their ability to navigate currency fluctuations and macroeconomic challenges have been critical in sustaining confidence in the financial sector.

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