Managers of Wealth Africa

Equity Bank crowned Best Regional Bank in East Africa at the African Banker Awards 2025

The African Banker Awards, now in their 19th year, celebrate excellence and innovation in African banking.

Banks’ credit to private sector drops to N77.82trn in May

On a month-on-month basis, PSCE declined by about N254 billion in May 2025, the report stated.

Connecting Africa’s Payment Landscape: PAPSS Lands in Morocco Through Bank Al-Maghrib Agreement

PAPSS has developed and launched 3 payment solutions: PAPSS Instant Payment System (IPS), PAPSS African Currency Marketplace (PACM), and the PAPSSCARD.

Capitec’s growth dwarfs rivals as it closes in on FirstRand

Stellenbosch-based bank’s market value has risen 348% in the past five years, taking group worth to R412bn

Keystone Bank hosts SME business clinic

The SME Business Clinic was designed to equip business owners with practical tools and knowledge to scale their ventures, build resilience, and contribute meaningfully to Nigeria’s economic growth.

Jaiz Bank records 109% profit surge, declares 7kobo dividend

Financing contracts also contributed N32.04 billion, representing a 17 percent rise from N27.36 billion the year before.

Nigerian banks resume international naira card transactions amid FX market confidence

After nearly three years of suspension, Nigerian banks have reactivated international transactions on their naira-denominated debit cards.

Major banks closing ATMs across South Africa, except for one

These new challenger banks do not have ATMs and use existing infrastructure at other banks and retailers to give customers access to cash.

Zenith Bank retains Nigeria’s top Tier-1 spot for 16th year

The ranking was based on the 2024 year-end Tier-1 capital of banks.

African Development Bank Approves $474.6 Million Loan to support South Africa's Infrastructure Governance and Green Growth

The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities

Absa Bank launches Mobi Tap to boost digital payment access for small businesses

This works without the need for additional hardware or complex integrations.

The Finance Ghost: A tough period for local banks

A flurry of banking updates came out in the past week, giving us insight into how four of the five large banking groups are performing

Big earnings boost coming for FNB owner

In South Africa, system growth remained muted with lower-than-expected levels of fixed investment despite the economic reforms underway.

FirstBank wins gold for best corporate university in social & climate change impact

The GlobalCCU Awards is a prestigious, biannual recognition of excellence in corporate universities, setting the highest standard for the industry.

Access Bank Acquires Standard Chartered’s Tanzania Retail Arm, Amid CBN’s Foreign Investment Restrictions

The sale is part of Standard Chartered’s multi-country withdrawal strategy, which has seen it offload operations in Angola, Cameroon, The Gambia, Sierra Leone, Zimbabwe, and now Tanzania.

FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network

FAB is currently the only UAE bank operating a fully licensed branch in Mainland China and is committed to supporting the needs of clients and partners in both markets.

Access, Zenith, and First Bank lead as nine banks report N4.2 trillion from interest income

It stands as the interest expense, while the net interest income stands as the bank's profit for the transaction.

ATM usage drops as POS agents handle N223tn

The total number of POS transactions rose from 9.85 billion in 2023 to 13.08 billion in 2024, indicating a 32.7 per cent increase year-on-year.

Standard Bank Confirms Guidance After Strong Start to Year

The South African bank on Thursday reiterated that it expects banking revenue growth in the mid-to-high single digits for 2025 with the banking-cost-to-income ratio flat to down on-year.

BDAN recommits to banking sector advocacy

During the AGM, it was revealed that the association recorded a marginal increase of 2.6 per cent in total income for the year 2024.

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