Managers of Wealth Africa

Wema Bank grows Q3 PBT by 174% to N60.62bn

Our Q3 2024 numbers speaks to our resilience despite a tough operating environment.

FirstBank: Sustaining Seamless, Hitch-free Customer Banking Transaction Experience

The banking transaction architecture of some banks recently encountered some turbulence that resulted from attempts by the banks to effect major system/software upgrades to better serve customers.

Zenith Bank Clinches ‘Bank of the Year’ and ‘Retail Bank of the Year’ at BAFI Awards 2024

Zenith Bank has retained “Bank of the Year” title, affirming its resilient leadership and dedication to Nigeria’s evolving financial landscape.

Nedbank fraud warning for South Africa

In a notice sent to customers on its app, the group said that criminals use several tricks to steal one’s card information.

Reserve Bank pushing hard for new target in South Africa

The central bank aims to anchor inflation expectations around the midpoint of its target range, and recent data has been encouraging.

System migration won’t affect banking services – FirstBank

The bank said that supplier platform update is part of FirstBank’s continuous investments in improving operational efficiencies and service experience.

Alarm bells for middle-class and rich South Africans

This troubling trend underscores the harsh reality that many South Africans, despite earning regular incomes, are struggling to make ends meet.

Forbes names Standard Bank amongst the top 20 World’s Best Employers

The Bank emerged as the highest ranked company from Africa and ranked 2nd in the Banking and Financial Services sector globally.

FirstBank tops in African banking sector ranking

First Bank also made the list of the recent The Banker's top 100 banks

Morocco’s CIH Bank selects Backbase to power its digital transformation

Specifically, CIH Bank expects this integration to streamline its onboarding processes for both local customers and Moroccans living abroad.

Bank of Africa, Absa offer lowest interest rates on loans to households -BoG

The Bank of Africa was the best place to turn for individuals and householders wholooking for loans and hoping to pay back in a year.

Another major retailer in South Africa closing its doors

The CEO said that the group is not planning to sell the operation, and the site will hold clearance sales before shutting down.

Empowering African women: Major financial package unveiled by Absa and the African Development Bank

The R1bn proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

11 Banks’ Customers Deposits Cost Up 148% to N3.27tn on MPR Hike

The unprecedented increase has not only set the MPR at its highest level to date, but also reflects the CBN’s determination to address galloping inflation.

South Africans should kiss cash goodbye

It further revealed that 95% of informal small business customers and 63% of formal business customers opt to pay in cash.

South Africa’s big banks quietly cut over 7,000 jobs

This shift is driven by the banks’ efforts to enhance efficiency and adapt to changing consumer preferences.

Fidelity Bank Rises Ahead of Interim Dividend Qualification Date

The transaction lifted its share price from N14.4 on Thursday to N14.70, suggesting that demand outpaced sell side.

Half Year: UBA grows earnings by 40% to $1.78bn, declares interim dividend of $0.003 per share

This growth was achieved despite the difficult global macroeconomic environment and geopolitical challenges across Africa, where the bank has subsidiaries.

Access Bank obtains licence to establish commercial bank in Namibia

The bank noted that with its existing operations in Southern Africa—including Angola, Botswana, Mozambique, South Africa, and Zambia

Access Bank gets approval to establish Namibian subsidiary

This expansion represents an important milestone towards establishing a railroad in Namibia for intra-African trade within the Southern African region, Africa, and the rest of the world.

Retail Banking