Managers of Wealth Africa

Standard Chartered repports Full-Year and Fourth Quarter 2019 Results

All figures are presented on an underlying basis and comparisons are made to the full-year 2018 on a reported currency basis, unless otherwise stated

SA bankers: We don't see the logic behind a commercial state bank

Deputy Minister of Finance, Dr David Masondo, told journalists at a pre-Budget briefing that the state was aiming to consolidate the proliferation of "quasi" state banks, such as Postbank, into a single bank, which would be a deposit-taking inst

Zenith Bank Grows Profit To N200bn In 2019, First Bank To Cross N200bn

Zenith bank attributed the improved performance to 29 percent surged in noninterest income from N179.9 billion in 2018 to N231.1 billion in 2019.

Rwanda receives clean bill of health as an investment destination

Uganda and Tanzania come in 12th and 14th respectively. So what does one read in the RMB rankings as far as the EAC is concerned?

Banks’ profit up 5pc in 11 months to November

With the removal of rate cap, it is expected that bank earnings will go up, helped by increased interest income from customer loans.

Barclays Bank completes rebranding to Absa Ghana today

This was after Barclays PLC decided to reduce its holding in Barclays Africa.

GhanaFirst National Bank Ghana: A fresh breath of banking innovation, setting new standards and delighting customers«

First National Bank Ghana Limited, with South Africa’s FirstRand Group as its parent company, did not come to Ghana with the cacophonous bells and whistles which usually accompany many a new entrant.

Private sector activity down in January

“Poor weather conditions also curbed output at many businesses.”

Fidelity Bank grows asset 23% to N2.12trn

Further analysis of the report showed that withiby the year under review, Fidelity Bank charged customers N23bn from for using automated teller machine, telex, embanking services as well as other services.

KPMG Report: FirstBank reinforces retail banking dominance, creates 150,000 indirect jobs

First Bank of Nigeria is one of the financial institutions which have taken steps to make the target a reality by deploying technology in its operations by way of Agent Banking Network.

Union Bank lifts women with special banking support

Union Bank has a history of showing support to women businesses and enterprises.

SA’s Nedbank invested $248mln for service digitalization in H1 2019

Digital services generated 21% of the banking group's revenues in H1 2019 compared to only 3% at the end of June 2018.

Wema Bank, BOA to ease pan-African trade

In keeping with the tenets of the partnership agreement, activities around corresponding banking, trade facilitation and remittances would kick-start between Wema Bank and BOA Ghana, the statement said.

African Banks Faithfully Polish Their Mobile Apps But That Doesn’t Spell A Vendetta Against The Fintech Frenzy

With competition as an essential part of any economy, banking firms in Africa are giving each other a run for their money.

Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup

The newly branded company will seek to capitalize on that sentiment later this year.

Ecobank launches sandbox to help African fintechs develop innovative apps

The move, according to the bank, will promote its e-banking segment. It follows the appointment last year of a new Group Senior Fintech Advisor, Djiba Diallo.

KPMG report: FirstBank leads retail banking space

The KPMG Nigeria has for the 13th consecutive year released the Banking Industry Customer Experience Survey

Access Bank CEO releases additional N297m shares

The share price of Access Bank Plc closed at N10 on December 31

Nigeria's lender Access acquires Kenya's Transnational Bank

"The acquisition is expected to strengthen the resilience of Kenya's banking sector," it said.

Nigeria's Access Bank is expanding into the Republic of Cameroon

Access Bank said the proposed expansion is still awaiting both regulatory approvals in Nigeria and Cameroon.

Retail Banking