Managers of Wealth Africa

BCI Posts Near 10% Profit Drop in First Half of 2026

Moving in the opposite direction, the loan portfolio contracted 5.5% to 61 billion meticais (€824 million) at the end of June.

Billionaire Femi Otedola's First HoldCo becomes Nigeria's most valuable bank at $4.22 billion

Billionaire Femi Otedola's First HoldCo closed at ₦5.78 trillion, or $4.22 billion, passing Zenith and GTCO to become Nigeria's most valuable bank.

Africa embraces yuan payments as Standard Bank clears $1.2bn through China’s network

The service is currently available in South Africa, Angola, Ghana, Kenya, Lesotho and Tanzania, with the lender planning to expand access to additional African markets before the end of the year.

Is transaction banking in Nigeria becoming a platform business?

Access Bank’s disclosures highlight continued expansion of its pan-African corporate banking footprint, with transaction banking closely linked to its broader strategy of regional integration, cross-border cash management and corporate client acquis

Zenith Bank named Africa's Best Bank and Nigeria's Best Bank at the 2026 Euromoney Awards

Topping the Euromoney Awards for Excellence 2026, Zenith Bank walked away in London with the Africa's Best Bank and Nigeria's Best Bank titles, a double win supported by rising earnings, falling NPLs and an expanded agency network.

South Africa's Pepkor plots FintechCo via Shop2Shop-Flash combination

Formed through a combination of Shop2Shop and Pepkor's Flash subsidiary, FintechCo will serve as a digital platform for formal and informal markets.

FCMB reports N157.3 billion pre-tax profit in H1 2026 as net interest income rises

This represents 98.80% YoY increase from N79.123 billion in the corresponding period of 2025.

African Development Bank Approves €100 Million to Gotion Power Morocco to Develop Africa’s First Lithium Ion Phosphate Battery Gigafactory

This investment strengthens Morocco’s ambition to become a leading hub for global electric mobility and for green technology value chains.

SBM Bank Kenya profit jumps 171% as deposits hit Sh94 billion

Lender attributed performance to a 2-year strategy aimed at strengthening every aspect of its business

Absa eyes Tanzania expansion deal

With Tanzania's economy expected to grow close to 6% this year, the country is increasingly becoming an attractive destination for regional banking expansion.

Good news for Absa customers in South Africa

The new initiative gives banks greater control over Home Affairs’ services and removes the requirement for Home Affairs staff to be seconded to branches.

FirstBank wins Euromoney Best Bank Award for large corporates, customer experience

The Bank recorded a remarkable 55% increase in customer banking revenue, growing from N443.8 billion to N687.7 billion within the review period.

Nedbank buying international bank for R13.9 billion

The bank still has the opportunity to make an excess application for up to 100% of its NCBA Shares, subject to the scaling/allocation mechanics.

South Africa gets access to R25 billion

The facility is the fourth in a series of stand-alone development policy loans to South Africa since 2022, aimed at easing infrastructure bottlenecks that have contributed to a decade of meagre economic growth.

Strategic blunders to blame for African Bank’s troubles, say analysts

In a statement released this week, the bank said due to costs having exceeded risk-adjusted revenue, it had no option but to review staff costs.

FNB, Absa and Nedbank bet on money for machines

Three of South Africa’s biggest banks have quietly joined the Visa- and Stripe-backed Open USD stablecoin project.

African Development Bank Approves $400 million Loan to Support Municipal Utility Reform in South Africa’s Mpumalanga Province

Under the African Development Bank’s Results-Based Financing instrument, loan disbursements will be linked to independently verified improvements in utility performance and service delivery, with funds released only after agreed results are achieved

Retail Banking

BCI Posts Near 10% Profit Drop in First Half of 2026

Billionaire Femi Otedola's First HoldCo becomes Nigeria's most valuable bank at $4.22 billion

Africa embraces yuan payments as Standard Bank clears $1.2bn through China’s network

Is transaction banking in Nigeria becoming a platform business?

Zenith Bank named Africa's Best Bank and Nigeria's Best Bank at the 2026 Euromoney Awards

South Africa's Pepkor plots FintechCo via Shop2Shop-Flash combination

FCMB reports N157.3 billion pre-tax profit in H1 2026 as net interest income rises

African Development Bank Approves €100 Million to Gotion Power Morocco to Develop Africa’s First Lithium Ion Phosphate Battery Gigafactory

SBM Bank Kenya profit jumps 171% as deposits hit Sh94 billion

Absa eyes Tanzania expansion deal

Good news for Absa customers in South Africa

FirstBank wins Euromoney Best Bank Award for large corporates, customer experience

Nedbank buying international bank for R13.9 billion

South Africa gets access to R25 billion

Strategic blunders to blame for African Bank’s troubles, say analysts

FNB, Absa and Nedbank bet on money for machines

African Development Bank Approves $400 million Loan to Support Municipal Utility Reform in South Africa’s Mpumalanga Province

Big changes for how credit cards are used in South Africa

Major South African bank looking to retrench 1,200 workers

Good news for Absa customers in South Africa