Managers of Wealth Africa

Equity Bank cuts loan interest rates by largest margin

The new rates are effective February 13, 2025, for new loans and March 1 for existing loans.

Ecobank and Xtransfer partner to streamline cross-border payments for African SMEs

The partnership between XTransfer and Ecobank seeks to address these hurdles by offering efficient cross-border payment solutions.

Bank profits near record P4bn mark

By comparison, the banks collectively recorded after-tax profits averaging P276.8 million over the corresponding period in 2023.

Recapitalisation: Fidelity Bank to raise funds via private placement

That the private placements in Resolution (4) above shall be carried out in conformity with applicable laws and subject to the procurement of relevant regulatory approvals.

Herbert Wigwe’s Impact on African Banking

One of Wigwe’s defining achievements was his ability to expand Access Bank’s footprint beyond Nigeria.

Standard Chartered tops Ghana’s retail banking rankings – KPMG survey

The findings indicate that Ghanaians are prioritizing security, seamless digital experiences, and competitive loan services when choosing their banking partners.

Commercial Bank of Ethiopia Surpasses 1.4 Trillion Birr in Total DepositsEthiopian coffee tours

This performance represents a 147.6% achievement against the bank’s initial targets, underscoring its strong market presence and customer trust.

Commercial Banks Maintain Interest Rate at 19% Despite BoM Cuts

In addition, the mandatory reserve ratio was reduced from 39 per cent to 29 per cent, with the aim of increasing liquidity in the financial system.

Kenya's mobile money transactions fall 17 pct in 2024

This was the first fall in transactions in 17 years.

Ecobank rewards customers with N42m in savings promo

The draws were conducted transparently and witnessed by lottery regulatory authorities.

Access Bank Clinches THISDAY’s ‘Global Bank of the Year’ Award

At THISDAY Awards 2025, Access Bank emerged victorious, surpassing African Export-Import (AFREXIM) Bank and United Bank for Africa (UBA) to claim the coveted title.

Over 900 Winners Emerge in FCMB Millionaire Promo

The first draw, held nationwide, saw four lucky customers walk away with N1 million each, while 900 others received cash prizes up to N50,000.

Capitec announces new fees for 2025

The new structure will also simplify banking fees by introducing reduced prices for key services.

Monster spending spree for consumers in South Africa

Data from BankservAfrica card data showed that South Africans prioritised their spending on the essentials, such as food, other necessities, and transport, over the holidays.

The South African-born banking CEO who was named one of the world’s most powerful women

She was the only member of the Latin department roughly 80 kilometres out of Bulawayo.

KCB Bank and Mastercard Unveil Kenya’s First Multi-Currency Prepaid Card

The prepaid feature enables cardholders to load specific amounts, offering better control over their spending.

Access Bank wins THISDAY’s ‘Global Bank of the Year’ Award; Aig-Imoukhuede wins ‘Titan of the Year’

THISDAY Newspapers highlighted Access Bank’s nomination, praising its strategic leadership, rapid expansion, and unwavering commitment to innovation and sustainability.

Millions of customers risk disconnection as banks race to meet January 27 USSD deadline

Defaulting banks face the imminent risk of having their USSD platforms disconnected

POS transactions dominate payment systems in Nigeria as cash scarcity persists

In contrast, ATM transactions declined by 16.6% in value, from N14.63 trillion in 2023, and saw a slight drop in volume, from 519.52 million to 496.43 million.

Visa invests in Nigeria's Moniepoint

Visa has made a strategic investment in Nigerian fintech behemoth Moniepoint.

Retail Banking