Managers of Wealth Africa

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.

Rwanda records 39pc rise in new bank borrowers

The banking regulator also notes that the number of depositors in banks increased by 40 percent

UBA increases its stake in Kenya and Uganda units with eye on EAC market

The Nigerian billionaire Tony Elumelu-owned lender acquired 13 percent

UBA, Fidelity, FBNH, Seven Other Banks May Lose N1.67tn As Auditors Raise Concern Over Credit Quality

ECLs are the expected credit losses that result from all possible default events over the expected life of the financial instrument.

How much you would have if you invested R1,000 in Capitec, FirstRand, Nedbank, and more in January

The two biggest JSE-listed banks—FirstRand and Standard Bank—saw their share prices drop by double-digit percentages between 1 January and 24 April 2024.

BCEAO confronts tough choices on commercial bank refinancing amid liquidity challenges

In a report released on April 17, 2024, the International Monetary Fund (IMF) highlighted these risks within the sub-region.

Standard Bank Ranked As Africa’s Most Valuable Banking Brand For A Third Consecutive Year

The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Banking 500 ranking.

New bank in South Africa gets the green light

Old Mutual noted it would now formally transition from ‘bank build mode’ and enter into a strict and rigorous industry testing phase with selected bank partners.

Wema Bank Launches Anti-Fraud Campaign to Protect Customers

No fraudster is safe with Wema Bank

Fidelity Bank Reports N124.26bn Profit, Declares N0.60 Final Dividend

Our performance in 2023 is an attestation of our capacity to deliver superior returns to shareholders despite the difficulties in our operating environment.

Technology behind SA’s leading banking apps

Online banking customers are increasingly favouring biometric identification processes in their digital banking, as opposed to cumbersome, lengthy login experiences.

The biggest type of banking fraud in South Africa

South Africa was the only country in the study to see money or gift card fraud as the number one type of fraud.

Zenith Bank’s after-tax profit triples to N676.9bn

The bank said that notwithstanding the 32 percent growth in operating expenses in 2023, its cost-to-income ratio improved significantly

Mastercard and Equity Bank join forces to enhance cross border money transfers in Kenya

This initiative is poised to have a profound impact on various stakeholders

Retail Banking