Managers of Wealth Africa

SA fleet management startup Payment24 secures Standard Bank investment

It has now secured funding from Standard Bank, selling a 40 per cent stake in the business, to fast-track its growth.

Zenith Bank introduces automated voice banking service

Zenith Bank stated that it had clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices.

Standard Bank may hold on to R8.6bn dividend payment

Capitec is set to release results later in the month.

Nedbank to pay declared dividend in April

The Reserve Bank on Monday asked banks to reconsider dividend payments in 2020 in order to shore up their balance sheets due to Covid-19

Credit Agricole Morocco Launches Radio Station to Communicate with Staff

The initiative is aimed at ensuring permanent communication with all of the bank’s employees during the COVID-19 crisis.

Ecobank Ghana Promoting Cashless Banking As Ghana Fights COVID-19

The prevailing limited movements have resulted in a slowdown of economic activities in the restricted areas.

Stanbic Bank offers over GH¢1 million towards coronavirus fight

This is a time for collective responsibility where a successful fight against this pandemic requires that we all do our part; whether in respecting lockdown protocols or contributing in various ways to stem the spread of the virus.

S.Africa's Standard Bank will consider central bank guidance on dividends

The board fully recognises the importance of dividends to the group's owners," the bank said in a statement.

Global recession raises unexpected concerns for banks in Africa

In the WAEMU zone, alignment with international standards was underway and in the CEMAC zone, restrictive measures were added as part of refinancing.

Access Bank innovates to give customers more access to funds in COVID times

This service is available to all Access bank customers who earn from N20,000 and above. Customers can also access 3 times the value of their salary during this period of restricted movement.

Diamondxtra: Changing Lives Of Access Bank’s Customers

Access Bank’s ‘Diamondxtra’ scheme has transformed the lives of more than 19,000 Nigerians since it launched in 2008.

Five SA banks cut deeper into junk by Fitch

The lenders face multiple challenges including “a decline in client activity, lower interest rates, which will put pressure on margins, and rising credit losses.”

Absa launches extensive COVID-19 payment relief programme

These relief measures apply to Absa’s corporate, wealth, business bank, private bank and retail customers.

Absa launches extensive coronavirus payment relief programme

These relief measures apply to Absa's corporate, wealth, business bank, private bank and retail customers.

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

Landmark transaction, largest Social bond transaction to date in capital markets

Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019

The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018

I&M bank net profit up 26.6pc to Sh10.76 billion

The net earnings makes I&M the fourth most profitable bank in Kenya after KCB (Sh25.1 billion), Equity (Sh22.6 billion), and Cooperative Bank (Sh14.3 billion). Standard Chartered comes fifth at Sh8.2 billion.

South African banks to remain open throughout nationwide lockdown

Foreign ATM fees will be waived, but banks are encouraging internet banking solutions during the lockdown.

More banks offer COVID-19 financial relief

Part of their dedication towards SMEs will include assisting with stabilising cash flow as well as customers who need to cover unexpected expenses during this difficult time.

Afreximbank creates $3 bln pandemic credit facility for Africa

The pandemic is expected to strain Africa's under-equipped health systems.

Retail Banking