Managers of Wealth Africa

South Africa’s banking sector is dominated by 5 names – who control almost 90% of all assets

Total banking sector assets grew by 16.36% year on year, to R6.6 trillion at the end of March 2020 (March 2019: R5.7 trillion).

CEO of Ghana Bankers Association, Daniel Ato Kwamina Mensah is dead

The Ghana Bankers Association recently announced that he was set to retire this year after years of service with the Association.

Co-op Bank acquisition triggers Jamii Bora row

Mr Kabiru responded to the shareholders on June 30 saying that Jamii Bora was not obliged to provide most of the information requested.

Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services

HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers with the power to build their world and perform digital transactions how they want.

Nigerian banks to limit debit card spending abroad to ease FX risk

Other lenders — Ecobank and Fidelity Bank — have also lowered withdrawal limits for individuals while abroad.

FNB will no longer email bank statements – Here is what other banks are doing

As part of our ongoing measures, FNB will minimise the distribution of monthly statements via post and email.

AfDB to provide $400 million of $16 billion in largest private investment in Africa

When the project is completed total expects Mozambique to earn up to $50 billion in Natural gas

Ecobank Group Named Africa's Best Bank for Corporate Responsibility by Euromoney

Ecobank's Corporate Responsibility primarily concentrates on the three key areas of health, education and financial inclusion.

Euromoney Awards for Excellence 2020 Africa winners revealed

Equity Bank takes the region's best bank accolade in this year's Euromoney Awards for Excellence.

Ecobank Group named Africa’s Best Bank for Corporate Responsibility by Euromoney

Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa

Nedbank: Banking sector has supported this economy, we don't need more intervention

Some of the interventions it proposed included ensuring increased competition in the banking sector and accelerating the establishment of a State Bank.

Absa regional operations’ data analytics team wins at Retail Banking International Awards

Customer360 tackles the issue of data availability in banking, especially in emerging markets, where many of the continent’s citizens are unbanked.

South African banks mull how to avoid debt defaults when pandemic relief ends

In point of fact, over the recent months, the S. African lenders had supported their customers with pandemic

Co-op Bank cuts ownership in CIC Insurance to 24 percent

The lender says it received Sh106.6 million from the multiple transactions that saw it sell a total of 44.7 million shares in the investment vehicle.

Tanzania: NBC Bank Scoops African Banker Awards 2020

The category attests for the excellence in supporting and transforming SMEs in the continent.

Union Bank of Nigeria : to Expand Agency Banking Network

"Every week we selected 10 of those stories and rewarded them with N250,000 and we had 40 winners over four week which is a total of N10 million."

Coronation Merchant Bank commences full automation of its Trade Finance Operations

"Leveraging this platform, we hope to further improve our clients end-to-end experience in their trade related transactions”.

S.Africa’s banks mull how to avoid loan defaults when virus relief ends

Standard Bank also said its solutions were based on individual clients’ circumstances.

Nigerian Lender Access Bank Used Ksh1.4 Billion To Acquire Transnational Bank

The transaction is said to have happened last year at undisclosed amount and was approved by the Competition Authority of Kenya (CAK), but was awaiting CBK’s nod, which happened in January.

ABSA Veteran Dawn Minnaar Named as Country Manager

The new MyChargeBack office will be headed by Dawn Minnaar, who has been named as MyChargeBack's Country Manager for South Africa.