Managers of Wealth Africa

Bank of Mozambique Halves Annual Card Payment Limit for Overseas Transactions

The measure is set out in Notice No. 4/GBM/2026, which revokes the previous notice approximately seven months after it came into force in December last year.

The banks that have beaten Capitec over five years

The top performer likely would not have been on anyone’s proverbial bingo card …

Standard Bank spent R11.8 billion on technology operating expenses in 6 months

Software, cloud and technology-related costs increased by 6%, from R6.74 billion to R7.16 billion, which the bank said reflected contractual service escalations.

SeerBit integrates PayPal for African merchant payments

In addition, through the process of adding PayPal as a supported method, the company said merchants can offer a payment option already familiar to a large base of international shoppers, which may support buyer confidence during checkout.

Big changes coming for payments in South Africa

The SARB will assume direct control over important regulatory and oversight functions that have, until now, been overseen by PASA.

Fiscal Discipline Drives Rare Decline in Mozambique’s External Debt

In 2022, the country reached a significant milestone as its external debt stock recorded a rare decline, contracting by 3.2% compared with the previous year.

Three banks grow assets 120x since Soludo’s recapitalisation

The growth reveals the significant expansion of some of the banks that survived the recapitalisation exercise and subsequently strengthened their balance sheets, customer bases and market positions.

Ghana’s economy has positive outlook amid global challenges – BoG Governor

Dr Asiama said the economy had remained resilient and continued to show strong performance, with key macroeconomic indicators remaining stable.

Emirates NBD Partners with DFDF to propel FinTech and AI Innovation

The partnership will enable Emirates NBD to access a curated pipeline of enterprise-grade FinTech and AI solutions, foster strategic partnerships with DFDF’s portfolio companies and facilitate structured pilots and potential commercial deployments d

Emirates NBD Partners with DFDF to propel FinTech and AI Innovation

Banks increase credit supply as loan defaults decline in Q2 – CBN

The demand for corporate and secured loans increased during the period.

Good news for Absa customers using a banking app in South Africa

The partnership will give Absa’s approximately 12 million-person client base access to direct investment tools on Absa’s personal banking app.

BoG insist banks cut NPLs to 10%

Dr Johnson Pandit Asiama, BoG Governor, reiterated the directive at a high-level forum organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), Ghana, in Accra.

New digital Smart ID rollout to reach 240 FNB branches

Since the new digital model was introduced earlier this year, FNB has issued more than 14,000 Smart ID cards, with the service now available at more than 51 branches across all nine provinces.

Major bank shuts down ATMs and closes branches in South Africa

The bank’s interim results showed that its customers are adopting digital payment solutions

Nedbank first-half profit edges higher

Dividend trails estimate.

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.

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