Managers of Wealth Africa

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

FirstBank celebrates 130 years of resilience and excellence in banking services

Under the visionary leadership of the Banking Group MD/CEO, Adesola Adeduntan, FirstBank has achieved remarkable milestones and solidified its position as a trailblazer in the financial sector.

Access, GTB, Zenith, 7 Other Leading Banks Spend N3.2 Trillion to Operate in Nigeria

The costs include money spent on rent, marketing, staff salaries, rent, insurance, equipment and others

UBA’s gross earnings rise 143%, profit hits N757.7bn

Similarly profit after tax (PAT) grew by 257 percent to N608 billion from N170 billion in 2022.

Standard Bank PMI Index: “Business Activity in Mozambique Returns to Negative Ground in March”

“The decline in new business growth meant that companies left their production volumes unchanged, and registered a lower degree of confidence regarding the forecast for next year,” it adds.

Absa Bank rewards Assist Card campaign winners

The hallmark campaign is designed to encourage and reward the use of Absa’s contactless debit and credit cards.

The cheapest bank accounts for the middle class in South Africa

Solidarity’s banking fee comparison is based on four different transaction profiles split across four groups – including the middle class.

Why Kenya’s top banks are renewing bet on retail market

The lenders see the mass market as a good hunting ground for new customers, especially the young population entering the financial system.

I&M to double Kenya branches to 100 in three years

Part of our strategy is to build up retail banking. To do that, we are trying hard to become globally relevant for Kenyan consumers,” said Mr Khan.

Standard Bank execs in R400m payday

Former Liberty boss gets R10.5 million

Equity profit falls to Sh42 billion on higher bad loan provisions

Gross NPLs increased 81 percent to Sh114.6 billion from Sh63.13 billion in 2022.

New bank for South Africa around the corner

The Old Mutual Bank is one of four banks launching in South Africa.

Retail Banking