Managers of Wealth Africa

Cross-border payments: 22 Nigerian commercial banks join PAPPS scheme

According to PAPPS,16 African countries and over 150 commercial banks are now connected on the platform

Banks’ Profits Rebound, Non-Performing Loans Hit 20-Year High

Gross NPLs increased by 6.6%

African Bank has a new target

The acquisition of Sasfin’s capital equipment finance and commercial property finance division has strengthened the bank’s business and commercial proposition

Mobile money transactions in Ghana increase to GH¢365b in April 2025

This marks a remarkable 80 per cent increase from the GH¢203 billion recorded within the same period last year, signalling accelerated adoption of digital financial services nationwide.

Head of G- Money Financial Services wins Fintech Executive of the Year

The prestigious accolade recognizes his outstanding contributions to digital transformation, leadership in financial services, and dedication to driving impactful change across the sector.

The man running one of South Africa’s fastest growing banks worth R27 billion

He left his role as CEO in 2008 but stayed on as a non-executive director until 2012.

Capitec competitor spending billions in South Africa

The deal marked Africanbank’s entry into the South African business banking sector.

Kenya’s Diaspora Remittances Rise to Ksh 63.4 billion in April 2025

Remittance inflows in April 2025 amounted to USD 422.9 million

Standard Bank continues to lead the charge in empowering women in property ownership

With a steadfast commitment to ensuring that first-time buyers have access to the necessary funds and facilities, Standard Bank is paving the way for a more inclusive and equitable property market.

First Bank motion dismissed by court — GHL

“The court held.” That the application to withdraw Motions on Notice dated and filed 25″ March, 2025; dated and filed on 28″ March 2025 and dated and filed on 2™ April, 2025 is granted as prayed.

Absa Bank relaunches its custody business in Kenya

The bank says it aims to cater to a diversified client base, including investment firms, pension funds, and other financial institutions seeking secure asset management solutions.

Empowering Customers: First Bank’s commitment to financial literacy

FirstBank offers personalized one-on-one engagement for tailored advice

Redefine retail sees first positive lease renewal reversions in three years

In South Africa, overall portfolio occupancy improved to 94.7%.

Fidelity Bank champions long-term investment, pension reform for economic resilience

On pension fund management, Mr Boateng expressed concern over growing calls to lower fees to unsustainable levels.

Major South African retailer hits 525 stores across South Africa

This reflected higher net finance costs associated with the new external debt introduced as part of the pre-IPO balance sheet restructuring.

Stanbic, Centenary, and Absa Dominate Uganda’s Banking Profits in 2024

Stanbic Bank, Centenary Bank, and Absa Bank Uganda emerged as the most profitable institutions, jointly accounting for over 60% of total earnings.

Concerns mount over disbursement of El-Rufai’s $350m World Bank loan in Kaduna

These council areas have been identified to be left in the lurch, years after the much-touted Urban Renewal Road projects initiated by the immediate past administration of ex-Governor Nasir El-Rufai took off.

Why South Africa’s instant payment system isn’t catching on

PayShap is South Africa’s instant payment system allowing transfers of up to $3,000

Ghana’s banking sector hit by rising fraud as 155 staff dismissed in 2024

Ghana’s banking sector continues to grapple with a growing wave of fraudulent activity, with 155 employees dismissed in 2024 for their involvement in fraud.

10 Banks With Highest Customer Deposits in Nigeria

ETI recorded the highest customer deposits among listed banks in 2024, totalling N31.64 trillion.

Retail Banking