Managers of Wealth Africa

Absa back to forex trade after CBK penalty

Absa last week said it cancelled the suspect deals after CBK raised the alarm.

Banks continue understating credit risks despite huge rise

One such line item is statutory loan loss reserves, which, in simple terms, is some kind of a prudential warehouse.

First National Bank Ghana introduces #RealHelp to cushion customers impacted by COVID-19

Under the #RealHelp initiative, First National Bank Ghana Limited is offering at least a 2% interest rate cut on loans to all existing customers from 01 April 2020 for the tenor of all Ghana-cedi denominated loan facilities.

Absa restructures 4.25pc loans to ease Corona woes

The relief, which is being determined on a case-by-case basis, applies to personal loans, mortgages, asset finance, credit cards and business loans.

Capitec is adding over 200,000 clients a month as it continues to show strong growth

Headline earnings were up 19% to R6.28 billion.

Union Bank finally announces dividend of N0.25 after years of “dividend drought”

Shareholders who are yet to complete the e-dividend registration process should not expect any payment.

FirstBank CEO reassures customers of digital banking

The FirstBank chief further assured its customers that the bank would ensure that transactions continue, and that the lockdown would not slow it.

S.Africa's Capitec skips dividend, full-year profits rise 19%

The South African Reserve Bank asked lenders to skip dividends for 2020 earlier in April to preserve capital for lending.

Absa’s corporate bank CFO on addressing Africa’s coronavirus challenge

Matt Harcourt, who is also the CFO of Absa’s African regional operations, reveals in an interview how the South African banking giant is preparing for the virus

Here’s how Capitec’s coronavirus payment breaks work: CEO

In its annual results for the year ending 29 February 2020, Capitec said that the Covid-19 pandemic will have a massive impact on South Africa’s economy.

Why Ethiopia closed the door on foreign mobile money firms

This is a difficult question that economists have had to wrestle with and hawk-eyed observers have started peeling back the layers of an onion that has deep roots in political economy.

COVID-19: Access Bank delights customers with new mobile app

The AccessMore mobile app does not only deliver the best combination of both mobile apps, it accommodates the unique needs of existing users, delivering the best mobile banking experience on a world class platform.

Fundamental analysis of Ecobank Transnational Incorporated’s share price

The bank had also reported gross earnings of NGN 842.5 billion, which went up by 9% against the figures for the previous year.

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.

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