Managers of Wealth Africa

Mozambican Banks To Be the Most Profitable in the SADC Region in 2022

In general, the report said that the main profitability indicators of the banking sector were relatively higher than in the same period last year.

Afreximbank launches Insurance subsidiary to support intra-African trade

Insurance penetration is relatively low in Africa compared to other regions

KCB lends Sh193bn through Fuliza, M-Pesa platforms

The growth in mobile loans was an increase from the Sh157.6 billion the lender distributed in 2021.

53 winners awarded in first draw of Ecobank Double Salary Promo Reloaded

Ecobank is known over the years for its quality services provided to customers.

CBK boss who tamed rogue banks but lost fight to save shilling

In regulating banks, he set out his stall early, warning in his inaugural press briefing that he would not hesitate to crack the whip when called upon.

Access Bank to support SMEs growth with French Desk

Wigwe pointed out that the partnerships will enable the bank to tap into its extensive networks

African Bank more than doubles its customers over six-month period

The Consumer Banking division’s credit impairment charge increase resulted in a sharp rise in the credit loss ratio to 11.1% from 4.8%.

African bank profits up but productivity remains low

While most of Africa’s big banks have posted healthy profits over the previous year’s performance

Why hard currency deposits are piling up

“Operations of our local banks in the region have been the principal driver of the foreign currency deposits. At the same time, some of the banks have been financing some of their lending externally,”

Kenya calls on Africa to adopt pan-continent payments system

President William Ruto urges settlement of payment via local currencies

Zenith Bank Recognised As ‘Best Corporate Governance Financial Services’ in Africa for the Fourth Year Running

Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.

Standard Bank partners DP World to expand trade finance in Africa

By bringing Standard Bank onto the platform, DP World Trade Finance now offers an array of financing solutions to African businesses, which face an ever-growing need for logistics and financial support to connect to global trade routes.

CBK reveals cheapest and most expensive Kenyan banks

Ecobank Kenya follows with an average rate of 10.7 percent while HF and Access Bank Kenya follow with 11 and 11.2 percent respectively.

Co-op Bank Net Profit For Q1 2023 Grows To Sh6.1B

Co-op Bank saw customer loans jump 11% to Ksh360.1 billion up from a growth of 8% in a similar period last year.

African Banker Awards 2023 winners announced

The ceremony was attended by over 300 of the continent’s leading bankers, regulators, and policymakers.

Which Bank is Best in Africa?

In this article, we will delve into the top banks in Africa, highlighting their achievements, strengths, and contributions to the region’s economic progress.

South African neobank Tyme Group set to expand to Vietnam

It also launched a fully digital bank called GoTyme Bank in the Philippines in 2022, in association with local company Gokongwei.

Parallex Bank gets recognition for innovation

The Managing Director of Parallex Bank, Dr. Olufemi Bakre, expressed his delight in receiving the awards.

Prudential Bank management calls on Ga Mantse

The visit, which was part of Mr Gyebi’s stakeholder engagement activities, afforded him the opportunity to formally introduce himself to the Ga Mantse as the new Managing Director of Prudential Bank.

Rwanda leads region in minting profits for Nairobi banks

Uganda and South Sudan subsidiaries contributed 16.11 percent and 14.28 percent respectively.

Retail Banking