Managers of Wealth Africa

Absa reports highest earnings in its history despite hit from Ghana

The bank’s impairment charges increased 61% to R13.7bn after it was forced to raise R2.7bn in coverage to cushion it against its Ghana sovereign debt exposures.

New bank launching in South Africa in 2024

The group received Section 13 approval from the Prudential Authority to proceed with the application for a banking license in November 2022.

DTB and Mastercard Join Forces to Empower Fintechs with Payment Cards in Kenya

The Bank has also received approval from the Central Bank of Kenya to offer cards-as-a-service using its regulatory licence to tech-enabled approved partners.

Standard Bank makes $81 million provision for Ghana bond losses

The restructuring is a key condition for the nation to finalize access to a $3 billion bailout from the International Monetary Fund.

S.Africa's Standard Bank reports 33% rise in full year profit

Standard Bank, the continent's largest lender by assets, said in 2023 it expects its net interest income - the main growth metric for banks - to be driven by renewables and infrastructure and higher interest rates.

Bank of Ghana Approves New Payment Service Provider

The payments space in Ghana has been growing since the Bank of Ghana introduced the Payment Systems and Services Act (2019)

FG records N7.34tn fiscal deficit in 11 months – Report

From January to November 2022, the Federal Government incurred a fiscal deficit of N7.34tn.

Ecobank, Visa Partner To Equip MSMEs With Skill

The online training forms part of the Ecobank’s MSME Booster series and offers online learning tools for MSMEs seeking growth as they prepare for the new business year.

FNB adding wealthier clients as it hits 8 million customers in South Africa

Including commercial customers, FNB’s South African client base now sits at 9.24 million (up 5%) while total active customers across the entire group also increased by 5% to 11.22 million.

Kenyans return to banking halls despite digital shift

Other banking channels have also registered increased usage with the preference for automated teller machines

United Capital’s Annual Profit Falls Despite N27bn Record Revenue

Profits took the most blow from the need to set aside N6.2 billion from revenue to cover loans.

Banks’ assets rise to N73tn – CBN

This impressive increase was achieved amid continued decline in non-performing loans ratio from 4.90 per cent in December 2021 to 4.20 per cent in December 2022.”

Bank loan rates increase to highest level in 52 months

The lenders are reacting to the CBK’s decision of September 29 that raised the benchmark interest rate by 75 basis points to 8.25 percent to anchor inflation expectations.

Nigerian banks face near-term credit risks from regional expansion —Fitch Ratings

Non-banking subsidiaries offer diversified products including payments, insurance and pension funds which have significant upside potential.

Nigerian Banks Face Credit Risks From Regional Expansion – Fitch

Nigerian banks will face near-term execution and credit risks from their presence in other Sub-Saharan African (SSA) markets, depending on the degree of operating environment…

Banks across Egypt, Morocco, and Jordan face an uncertain 2023

S&P says Egypt's growth should continue to slightly outpace peers

Premium Trust Bank gets recognition

We are glad that all the goods work done in the past couple of months are beginning to yield positive results.

Standard Chartered’s FY2022 results in Africa and Middle East announced

Record performance for the bank in Africa and the Middle East

The cheapest business accounts from South Africa’s top banks

This type of account offers a flexible and cost-effective solution for small businesses.

South Africa’s biggest retailer is offering all-inclusive bursaries for 2023 – here’s how to apply

“All bursary recipients are offered employment with the group on completion of their studies.”

Retail Banking