Managers of Wealth Africa

Bank of Africa, Absa offer lowest interest rates on loans to households -BoG

The Bank of Africa was the best place to turn for individuals and householders wholooking for loans and hoping to pay back in a year.

Another major retailer in South Africa closing its doors

The CEO said that the group is not planning to sell the operation, and the site will hold clearance sales before shutting down.

Empowering African women: Major financial package unveiled by Absa and the African Development Bank

The R1bn proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

11 Banks’ Customers Deposits Cost Up 148% to N3.27tn on MPR Hike

The unprecedented increase has not only set the MPR at its highest level to date, but also reflects the CBN’s determination to address galloping inflation.

South Africans should kiss cash goodbye

It further revealed that 95% of informal small business customers and 63% of formal business customers opt to pay in cash.

South Africa’s big banks quietly cut over 7,000 jobs

This shift is driven by the banks’ efforts to enhance efficiency and adapt to changing consumer preferences.

Fidelity Bank Rises Ahead of Interim Dividend Qualification Date

The transaction lifted its share price from N14.4 on Thursday to N14.70, suggesting that demand outpaced sell side.

Half Year: UBA grows earnings by 40% to $1.78bn, declares interim dividend of $0.003 per share

This growth was achieved despite the difficult global macroeconomic environment and geopolitical challenges across Africa, where the bank has subsidiaries.

Access Bank obtains licence to establish commercial bank in Namibia

The bank noted that with its existing operations in Southern Africa—including Angola, Botswana, Mozambique, South Africa, and Zambia

Access Bank gets approval to establish Namibian subsidiary

This expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world.

Mastercard targets real-time card payments in South Africa

South Africa is set to become the first country to benefit from Mastercard's push to introduce real-time card payments.

Access Bank Secures Provisional Licence to Expand to Namibia

Our entry into the Namibian market also represents a pivotal step in our broader ambition to build a strong global franchise

Understanding investors’ reactions to UBA’s results

Investors’ reaction is the immediate assessment of a corporate announcement of publicly quoted company.

Criminals are coming after your bank account in South Africa

According to Van Schalkwyk, the fraud landscape has steadily increased over the past five years, making this one of the top risks South Africans face daily.

First Bank pledges support for creative industry development

The Executive Director of Retail Banking South Directorate, Oluseyi Oyefeso, revealed this at the showing of Kurunmi, a stage play, on Sunday at Terra Kulture, in Lagos.

Nigerian banks to pay N186bn as dividends for H1 2024

The figure for H1 2024 is projected to increase as Fidelity Bank has yet to make any announcements concerning its interim dividends for the period.

Banks’ deposits rise 16.5% amidst gloomy economy

In the second quarter of the year, Q2’24 the banks’ deposits increased by14.3 percent to N33.0 trillion at the end of June from N28.7 trillion in March 2024, QI’24.

Polaris Bank Emerges Nigeria’s Top Bank in MSME Lending

Polaris Bank’s approach to MSME lending aligns with its mission to deliver innovative, customer-centric services

Banking customers will soon be paying more for these services

Banks and retailers are finding ways to share physical spaces. For example, some banks have kiosks or ATMs in grocery stores.

The big banks shutting down branches across South Africa

This equates to an average of 10,400 digital transactions per month per customer, compared to a mere 0.017 transactions in physical branches.