Managers of Wealth Africa

Atwima Mponua Bank posts GH¢26.2m profit in 2025

The figure represents a 76.22 per cent increase over the previous year’s profit of GH¢14.9 million.

Stanbic Bank becomes first bank in Ghana to offer direct Chinese Yuan settlement via CIPS

Ghana is among six African markets selected for the rollout, reflecting the country's growing strategic importance in trade with China.

Standard Bank lands R5.4bn African Development Bank investment for SMEs

The investment is structured as a Flac instrument, a new class of debt introduced by the South African Reserve Bank in January 2026 as part of reforms to the country's banking resolution framework.

Nedbank CEO has good news for South Africa

This led to inflationary pressures in South Africa and other markets, as well as a more hawkish monetary policy stance.

New online system for smart IDs in South Africa

Available at myhomeaffairsonline.dha.gov.za, Schreiber said that additional branches will be added to the website in real time as they join the department’s Digital Partnership programme.

Muda urges banks to channel more credit to SMEs

He stated that the poor flow of credit to small businesses has continued to limit productivity, investment, job creation and economic expansion.

African Development Bank and Standard Bank Group Seal $332 million (ZAR 5.4 billion) Deal to Boost SME Financing in South Africa

Deal marks Africa's first DFI-supported social Flac instrument listed on the Johannesburg Stock Exchange.

BCI Posts Near 10% Profit Drop in First Half of 2026

Moving in the opposite direction, the loan portfolio contracted 5.5% to 61 billion meticais (€824 million) at the end of June.

Billionaire Femi Otedola's First HoldCo becomes Nigeria's most valuable bank at $4.22 billion

Billionaire Femi Otedola's First HoldCo closed at ₦5.78 trillion, or $4.22 billion, passing Zenith and GTCO to become Nigeria's most valuable bank.

Africa embraces yuan payments as Standard Bank clears $1.2bn through China’s network

The service is currently available in South Africa, Angola, Ghana, Kenya, Lesotho and Tanzania, with the lender planning to expand access to additional African markets before the end of the year.

Is transaction banking in Nigeria becoming a platform business?

Access Bank’s disclosures highlight continued expansion of its pan-African corporate banking footprint, with transaction banking closely linked to its broader strategy of regional integration, cross-border cash management and corporate client acquis

Zenith Bank named Africa's Best Bank and Nigeria's Best Bank at the 2026 Euromoney Awards

Topping the Euromoney Awards for Excellence 2026, Zenith Bank walked away in London with the Africa's Best Bank and Nigeria's Best Bank titles, a double win supported by rising earnings, falling NPLs and an expanded agency network.

South Africa's Pepkor plots FintechCo via Shop2Shop-Flash combination

Formed through a combination of Shop2Shop and Pepkor's Flash subsidiary, FintechCo will serve as a digital platform for formal and informal markets.

FCMB reports N157.3 billion pre-tax profit in H1 2026 as net interest income rises

This represents 98.80% YoY increase from N79.123 billion in the corresponding period of 2025.

African Development Bank Approves €100 Million to Gotion Power Morocco to Develop Africa’s First Lithium Ion Phosphate Battery Gigafactory

This investment strengthens Morocco’s ambition to become a leading hub for global electric mobility and for green technology value chains.

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