Managers of Wealth Africa

Absa’s renewed retail-banking push pays off as profit rises 5.4%

Absa’s retail banking operations account for more than 60% of its earnings.

Absa denies donating money to CR17 campaign for ANC presidency

Today we contacted Mzilikazi wa Afrika, one of the authors of the article, who confirmed to us that 'Absa Nation Building' was a transaction reference by third parties, not an entity.

Standard Bank posts 6% increase in earnings

High growth from initiatives in the rest of Africa brings joy, and hope for even more

New TymeBank chief wants a share of SA’s lending market

New TymeBank CEO Tauriq Keraan wants the new digital bank to diversify into personal and business lending, a market dominated by Capitec and the other big three banks. It’s a step away from TymeBank’s core transactional banking business.

Standard Bank Group's expansion across Africa pays off well

African-focused strategy has delivered continued headline earnings growth

Kenyan bank stepping up investment in South Sudan

To this end KCB has started reopening 12 of its 23 branches that were closed during the civil war as well as opening a new branch this year.

New bank offering digital financial tools opens in Seychelles

SBM offers retail, personal and corporate banking and anyone who wants to transact with the bank can do so right away after opening an account.

Africa’s Biggest Bank Is Getting More Bang for Its Buck From Staff

South African bank has been focusing on cutting its expenses

Barclays tops 2019 Ghana Banking Sector League

The 2019 Edition which was themed “A Recapitalized Banking Sector – A New Breeze for Value Creation” is the second edition for CUUFIS following the successful maiden report published in 2018.

Ghana: CBG Posts Profit Less Than a Year in Operation

These banks had liquidity challenges and the Bank of Ghana opted to revoke the licences of the said banks. CBG was established to salvage depositors' funds and to manage the aftermath of the banking sector shake-up.

Bawumia launches 'world's first' dual-purposed finance card

According to officials of GhIPPS, the card has been designed to give cardholders access to both funds on their e-zwich cards and in their bank accounts at the same time

Standard Bank first-half profit rises 4%

Operations in rest of Africa help compensate for slower economic growth in SA.

Absa - A world of possibilities as an independent, African bank

Absa has been one of the “big five banks” in South Africa for more than 30 years

Standard Bank to look at West Africa expansion

Pivoting back towards its home continent has proven lucrative for Standard Bank, and helped counter a deteriorating economy in its core market - South Africa.

Standard Bank Group to sell Argentinian investment

As part of the agreement, Standard Bank was given the option to sell its remaining stake to ICBC if it gave notice by November 30 2019.

Standard Chartered private equity spin-off plans Middle East investment

Singapore-based Affirma Capital is targeting deals between $25 million and $100 million in the Middle East

Investors await interim dividends of major banks

Stanbic IBTC Holdings had also declared interim dividend in recent period.

Fidelity Bank set to unveil two new products for SMEs

The second one is the Fidelity Trader support facility.

Sick economy slows Nedbank in first half

It did everything right, but customers are too scared to sign for loans for a new car, house or farm.

WorldRemit: Enabling quick money transfers

The rise in remittances last year can be attributed to an active growing diaspora community.

Retail Banking