Managers of Wealth Africa

Bank chiefs obtain N549bn insider loans in five years

These transactions dropped to N52.40bn for eight financial institutions compared to N111.31bn in 2022, indicating a 52.92 per cent decline in one year.

Stanbic Bank Kenya rolls out financial products to boost China-Africa trade

Stanbic Bank Kenya is part of the Standard Bank Group, whose single largest shareholder is the Industrial and Commercial Bank of China (ICBC).

Absa Kenya bets big on mass market for growth

Absa Bank Kenya, Standard Chartered Bank and Stanbic Bank are rapidly adopting the new growth model by diversifying into retail business.

Standard Bank Report Predicts $5.1bn Capital Inflows into Nigeria’s Economy in Second Half of 2024

Using estimates from Nigeria’s past Eurobond issuances, it forecasted that the federal government may issue between $3 billion and $5 billion in a dollar-denominated local bond.

Access Bank Group joins forces with Mastercard

Stitching together Mastercard’s multiple complementary network assets and the treasury capabilities of Mastercard Move, this collaboration offers customers more choices with their payment means.

Access Holdings assigns N427m shares to senior executives

This was in pursuant of the terms of its shareholders’ approved employees’ performance share plan.

GTBank Uganda transitions to Tier-2 credit institution

This position has become necessary in view of the bank’s current paid-up share capital position of UGX 41 billion

Absa opens in China

China is now Africa’s and South Africa’s largest bilateral trade partner

Four UBA directors acquire N1.12bn shares

These acquisitions come on the heels of the capitalisation drive of the bank to meet the new capital threshold of the Central Bank of Nigeria.

Absa Bank launches money matters initiative to bolster financial literacy among the youth

The Money Matters initiative addresses an urgent need for enhanced financial education in Ghana.

Five levies Nigerians pay for electronic transactions

The circular was directed to all commercial, merchant, non-interest, and payment service banks, among others.

Nominations announced for the African Banker Awards 2024

The 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality

Amazon launches in South Africa

For products that are fulfilled by Amazon, customers will get free delivery on their first order, followed by free delivery for subsequent orders above R500.

International bank calls it quits in South Africa

Despite technically no longer operating as a bank in South Africa, BNP Paribas is still the owner of credit provider RCS.

Union Bank Attains Certifications On Data Security

These latest certifications will enable the bank to continue to offer its customers improved data security, innovative banking solutions, and seamless service delivery through its state-of-the-art banking network.

Uganda's Biggest Banks Record Bumper Profits Amidst Industry Turmoil

SUHL, part of the Standard Bank Group - Africa's premier bank by assets - recorded a 15.2% increase in profit after tax, reaching Shs412 billion primarily driven by loans and advances.

Access Bank Advocates Innovative Financing Models to Realise SDGs

The discussions also explored strategies for strengthening healthcare infrastructure, leveraging technological advancements, as well as enhancing community health initiatives.

FG directs banks to deduct stamp duty charges on mortgages

The new directive was contained in a message sent to customers by banks as directed by the Federal Inland Revenue Service.

FCMB to raise N150bn in additional capital

This came weeks after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise with banks with international licences expected to raise theirs to N500bn.

Wema Bank @ 79: A legacy of innovation, digital excellence, inclusive solutions

Over the last 79 years, Wema Bank has successfully navigated the dynamic challenges and ever-evolving landscapes of the banking sector, growing to become a beacon of resilience and adaptability.

Retail Banking