Managers of Wealth Africa

Big four banks laud digital banking uptake amid COVID-19

Prior to the COVID-19 crisis, local banks were already, in some way or another, prioritising digital banking solutions to keep up with the continuously evolving digital space.

Zenith Bank ranks Nigeria’s Number One Bank according to Tier-1 Capital

Zenith Bank extended its lead over the second-placed bank in Nigeria.

Stanbic Bank Recognised As Most Admired Financial Services Brand In Uganda

The award reflects Stanbic’s continued success in creating new opportunities for their clients and how the bank has revolutionised the customer experience by making it different, exceptional and unforgettable.

Nigeria’s FCMB Bolstering its Pensions Business to Drive Profitability

The entire group’s customer base will rise to 8,000,000 and its total AUM, including all investment management activities, to more than ₦560 billion.

Fidelity Bank Attributes Strong 2019 Financial Results to Support of Customers

Effah further shared that “our balance sheet remains one of the largest and strongest in the country as we closed the year with a balance sheet size of GH¢ 10.

Standard Chartered Pledges Support for African Entrepreneurs

These funds were directed to provide emergency relief in countries across the region impacted by the pandemic.

African Bank takes R853m Covid-19 hit to its profits

The group’s return on equity was a negative 2.1percent compared to a positive 10.9percent last year.

Standard Bank Group: This year's CIIE massive opportunity for African market

Standard Bank Group, the biggest bank in South Africa, and its strategic partner, Industrial and Commercial Bank of China, have been participating in the Expo since its start.

Absa Bank Ghana named Best Retail Bank, 2020

The Global Banking & Finance Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community.

TymeBank Recognised as Among Top Three Best Digital Banks in SA

TymeBank onboarded 1.8 million customers by the end of May this year.

StanChart returns rise to 14.5pc on dividend review

The payments are for shareholders who were on the lender’s register by April 27.

Seychelles: African Development Bank extends $10 million loan to support COVID-19 responses as economy reopens

Against a backdrop of declining revenues, the Seychelles government recently amended its budget to respond more effectively to COVID-19

Unity Bank: Repositioned to grow profits, lending to the real sector

The bank has improved on its lending to the real sector with over N100 billion granted as loans and advances to customers in 2019.

Exclusive: Best bank in Nigeria judging by the numbers

These banks are all too big to fail but one stands tallest as the best.

Ghanaian banking sector remains resilient in Q1 2020, despite the pandemic

There was also a solid performance throughout 2019, which enabled the local banking sector to contain the impact of the coronavirus on the economy.

Absa parent firm forgoes Sh1.2 billion in dividends

Absa Group is the only investor waiving part of its dividend, with minority shareholders in the Kenyan unit receiving their payout in full.

Standard Chartered Extends Funds For Mitigat Covid-19 In Kenya

All financing was subject to companies having received regulatory approvals to manufacture the essential goods.

Access Bank, Ecobank Nominated for African Bank and Banker of the Year Awards 2020

Similarly, the CEOs of Ecobank and Access Bank Plc, Ade Ayeyemi, and Herbert Wigwe, were both nominated for African Banker of the Year category.

S&P Global affirms African Development Bank’s AAA rating, with stable outlook

The rating agency’s report further noted that the AfDB will play a key role supporting the region, particularly in the context of COVID-19

Fidelity Bank Ghana: Changing the Banking Status QUO in Ghana Through Innovation

As one of the best banks in Ghana, Fidelity Bank has instituted a set of emergency measures to cushion customers and also to support the Government of Ghana as the battle to defeat COVID-19 wages.

Retail Banking