Managers of Wealth Africa

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

Big changes for how credit cards are used in South Africa

The bank collects this data and produces reports to better understand how young individuals are engaging with its products and how services can be adapted to their needs.

Major South African bank looking to retrench 1,200 workers

The group also flagged that its costs were growing ahead of its risk-adjusted revenue.

Good news for Absa customers in South Africa

Absa noted that the service is available strictly to active Absa Bank customers with a valid transactional account.

Standard Bank provides first $29m social documentary credit facility to Helios Towers

This article was produced with the support of Standard Bank Corporate and Investment Banking

Ecobank Cameroun rolls out a wealth management offer to lock in its Premium segment

By launching in Douala a wealth management offer built on its pan-African network and specialised partners, Ecobank Cameroun aims to strengthen its positioning with premium clients seeking tailored wealth advisory.

Capitec and Standard Bank just made a huge leap in South Africa

The Banker’s ‘biggest bank’ ranking focuses on Tier 1 Capital, which represents a bank’s core capital—considered the most reliable and stable source of funds.

Fidelity Bank Chairman Gets Woman of the Year Award

She noted that Onwughalu made history as the first woman to chair the board of Fidelity Bank Plc and has continued to provide strategic leadership that has strengthened the bank’s corporate governance and long-term growth.

Absa Bank Empowers Persons With Disabilities Through Financial Literacy Programme

The session also educated participants on various financial solutions designed to meet their everyday banking needs, reinforcing Absa’s commitment to making banking more accessible and inclusive for all.

Development Bank Ghana unveils lending initiative for women

It is also further proof of the bank’s commitment to increasing access to long-term finance for businesses in Ghana's productive sectors.

First Abu Dhabi Bank clears decade-old hurdle on road to South Africa

FAB says it will apply for a South African banking license; regulatory approval and an operational launch could still take one to two years

Edo Begins Debit Card Distribution for National Cash Transfer Beneficiaries

The exercise is being carried out in partnership with the Federal Ministry of Humanitarian Affairs and Poverty Reduction, the World Bank and the National Cash Transfer Office.

Good news for Nedbank customers who need a smart ID

Nedbank is among nine banks that signed agreements with the department to expand civic record services to their branches in August and September 2025.

Capitec sells business for R210 million

Capitec is selling its rental finance business to Sasfin Holdings for R201 million, and will also provide a R1.6 billion credit facility.

Top bank closes branches and ATMs in South Africa

The bank reported its South African branch, ATM, and cash-accepting ATM numbers in its annual results.

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