Managers of Wealth Africa

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.

Meet the Investor: Janade Du Plessis, Nedbank CIB

Nedbank invests in these businesses in two ways – firstly, in the form of funding for equity, and secondly in order to partner with the business and distribute the innovation to improve the growth of the business but also Nedbank’s clients&

I&M ranked top in Q1 as banks profits seen falling

Co-op Bank’s gross NPL ratio moved to 10.8 percent in the first quarter ended March from 11.2 percent in December.

Co-op Bank finalises talks on Jamii Bora acquisition

“Following the conclusion of a thorough due diligence and a special board meeting held on Wednesday, June 3, 2020, the board approved for recommendation to the shareholders a legally binding offer from Cooperative Bank,” said Jamii Bora Bank c

QNB Group and Mastercard undertake first successful international payment transaction in Sudan

The first successful international prepaid card transaction was performed on 14 June 2020

Stanchart Ramps Up Tech Banking WithWallet-To-Bank

Standard Chartered Bank Botswana has launched Botswana’s first Wallet-to-Bank service.

International Banker 2020 Middle East & Africa Awards Winners

Moody’s recently affirmed the ratings and assessments of 11 banks in Saudi Arabia.

Ecobank Partners African Union

AUDA-NEPAD Chief Executive Officer, Dr. Ibrahim Assane Mayaki, commended the contribution of all financial institutions, development partners and other stakeholders who participated in designing the, “100,000 MSMEs by 2021,” programme.

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

Standard Chartered Bank honors five women in tech start-ups

The five winner were selected from a group of 180 companies which competed for the top prize.

Unity Bank posts N44.5 billion as gross earnings in 2019

The Bank had embarked on several cost minimization initiatives that have continued to yield positive results.

Tanzania’s TPB stronger from latest bank merger

In May 2018, TPB Bank took over the former Twiga Bancorp and, three months later (August 2018), it did the same with the Tanzania Women’s Bank (TWB).

Zenith leads as Banks defy COVID-19, post increased profits in Q1

Zenith Bank recorded the most profit after tax during the period with N50.5 billion.

South African banks at risk of deepest profit slump in 50 years

Standard Bank Group reported its sole annual-profit decline in 2010 in the wake of the global financial crisis, while FirstRand Ltd.’s earnings shrank in 2008 and 2009.

Absa says separation programme from Barclays almost complete

The financial service provider said that a total of 270 projects have been delivered as part of the separation programme

AfreximBank may extend facilities to local banks

The facilities aim to help the banks boost their foreign exchange liquidity

South African Banks at Risk of Deepest Profit Slump in 50 Years

Standard Bank Group reported its sole annual-profit decline in 2010 in the wake of the global financial crisis, while FirstRand Ltd.’s earnings shrank in 2008 and 2009.

Covid-19 shock dims earnings prospects for EA banks for 2020

“Banks will remain sceptical on lending (especially to retail and SMEs). Expect them to put cash in government securities but that cannot guarantee 100 per cent absorption of new deposits,” said Eric Munywoki, a financial analyst at Goodson Ca

Absa puts growth on hold to preserve cash

Absa is not the only company to put a damper on growth ambitions in the interest of preserving capital.

Retail Banking