Managers of Wealth Africa

Access Bank takes over 78% stake in AfrAsia Bank

The bank will retain IBL Ltd., its founding shareholder, as a minority stakeholder with a 7.89% equity holding, reflecting continued investor confidence.

Capitec fraud warning

The warning comes shortly after similar concerns raised by SARS Commissioner Edward Kieswetter, who recently noted a spike in fraudulent notices sent to taxpayers.

Fitch affirms Ecobank Nigeria’s long-term IDR at ‘CCC’

The agency also downgraded ENG’s Viability Rating (VR) to ‘f’ from ‘ccc.’

Absa and Visa extend strategic partnership to advance growth and innovation across Africa

The agreement, formalised at a signing ceremony in Johannesburg

Zenith Bank Named Nigeria’s Best Bank at Euromoney Award for Excellence

Euromoney’s Awards for Excellence are one of the most highly coveted awards that matter to banks and bankers who matter.

Union Bank records 24% promotion rate after 10 years

The bank’s CEO and Managing Director Yetunde Oni, described the concluded results as bank’s commitment to the highest standards of professionalism, ethics, and accountability.

The three businesses that merged to create South Africa’s most valuable R400 billion bank

The bank primarily focused on Corporate and Investment Banking and was led by Executive Chairman Laurie Dippenaar.

UBA unveils AI-powered cross-border payment platform

The platform leverages the Pan-African Payment and Settlement System, developed in partnership with the African Export-Import Bank.

South Africa’s biggest bank has a hidden juggernaut

Head of Standard Bank’s BCB unit in South Africa, Simone Cooper, explained how it has repositioned its own offering to capitalise on future growth.

Equity Bank crowned Best Regional Bank in East Africa at the African Banker Awards 2025

The African Banker Awards, now in their 19th year, celebrate excellence and innovation in African banking.

Banks’ credit to private sector drops to N77.82trn in May

On a month-on-month basis, PSCE declined by about N254 billion in May 2025, the report stated.

Connecting Africa’s Payment Landscape: PAPSS Lands in Morocco Through Bank Al-Maghrib Agreement

PAPSS has developed and launched 3 payment solutions: PAPSS Instant Payment System (IPS), PAPSS African Currency Marketplace (PACM), and the PAPSSCARD.

Capitec’s growth dwarfs rivals as it closes in on FirstRand

Stellenbosch-based bank’s market value has risen 348% in the past five years, taking group worth to R412bn

Keystone Bank hosts SME business clinic

The SME Business Clinic was designed to equip business owners with practical tools and knowledge to scale their ventures, build resilience, and contribute meaningfully to Nigeria’s economic growth.

Jaiz Bank records 109% profit surge, declares 7kobo dividend

Financing contracts also contributed N32.04 billion, representing a 17 percent rise from N27.36 billion the year before.

Nigerian banks resume international naira card transactions amid FX market confidence

After nearly three years of suspension, Nigerian banks have reactivated international transactions on their naira-denominated debit cards.

Major banks closing ATMs across South Africa, except for one

These new challenger banks do not have ATMs and use existing infrastructure at other banks and retailers to give customers access to cash.

Zenith Bank retains Nigeria’s top Tier-1 spot for 16th year

The ranking was based on the 2024 year-end Tier-1 capital of banks.

African Development Bank Approves $474.6 Million Loan to support South Africa's Infrastructure Governance and Green Growth

The landmark financing backs infrastructure overhaul, renewable energy expansion, and climate resilience while safeguarding vulnerable communities

Absa Bank launches Mobi Tap to boost digital payment access for small businesses

This works without the need for additional hardware or complex integrations.

Retail Banking