Managers of Wealth Africa

Ghanaian banks wrote off 1.23 billion Ghanaian cedis in bad debts

These charges were classified in reporting as credit losses and impairment.

South African state-owned bank records R7.8 billion profit

The group aimed to contribute R6.2 billion to the value of infrastructure delivered, and exceeded this target by approximately R300 million.

Good news for South Africa’s zero-fee bank

Lesaka is a US-based firm that offers financial technology products and services to underserved consumers and small businesses.

Great news for Capitec

The company now has over 26 million personal banking clients, with the interim period also seeing higher-than-average transaction volumes.

GoTyme Bank wants South Africans to stop paying fees to move their money instantly

GoTyme Bank customers can make instant payments of up to R5,000 per transaction for free, while instant payments above R5,000 attract a simple flat fee of R7.

Union Bank Receive Accolades at WIMCA 2026

Dubbed the largest gathering of female marketing and communications professionals on the African continent, the event brought together various speakers including Union Bank’s Chief Brand and Marketing Officer, Mrs. Olufunmilola Aluko.

Six Nigerian lenders join Africa’s biggest banks by total assets

Access Bank leads the Nigerian lenders with assets of $36 billion, ranking 12th on the continent.

DMO opens September Savings Bond, offers investors up to 15.12%

The FGNSB is targeted at retail investors seeking exposure to a government-backed investment instrument with quarterly interest payments and a defined maturity date.

Two top banks roll out new ATMs in South Africa

Both banks told MyBroadband that their strategies regarding ATMs in South Africa focus on optimising the banking channels available to their customers.

LEADERSHIP Banker of the Year 2026: Dr. Oliver Alawuba, GMD, UBA

A banker of considerable depth and continental experience, Alawuba has spent nearly three decades navigating some of the most complex areas of financial services.

Afreximbank posts bumper interim profit, record dividend

Total assets grew to US$52.3bn by the end of June, largely driven by higher loans and advances.

Mauritius Bank Provides US$51m Loan for Tolaram

Guinness Nigeria’s share price has climbed sharply since the original deal, leaving Tolaram’s stake worth several times its initial outlay on paper.

The man who went from driving taxis to becoming the CEO of a South African bank with over 6 million customers

He saw the brutal retaliation of the struggle firsthand, seeing friends die or flee into exile.

Super bank launching in South Africa

This will open up significant cross-selling opportunities across Discovery’s businesses and generate exponential growth in its shared-value model.

Discovery earnings shoot up as Discovery Bank swings into profit

The company has grown since then to encompass several insurance portfolios and an online banking division.

Major retailer in South Africa closing 280 stores

It added that 100 additional exits are being considered in each of the following two fiscal years.

New Banco de Moçambique Governor to Consult Banks on FX Shortage

According to the new governor, it will first be necessary to verify the available data and subsequently consult commercial banks to understand the constraints existing in the foreign exchange market.

Standard Bank Becomes Only African Bank in Global Stablecoin Consortium

The consortium plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027.

Samsung Wallet launches Scan to Pay QR payment feature in South Africa

To use Scan to Pay, a user opens Samsung Wallet, scans a QR code displayed at checkout, either in-store or online, and confirms the payment within the app.

Arab African International Bank posts highest first-half net profit in five years at $202.8m

The bank stated that it continued to deliver a strong performance during the first half of the year, strengthening its balance sheet supported by solid growth across its loan portfolio.

Retail Banking