Managers of Wealth Africa

Major banks are quietly shutting down ATMs in South Africa – except for two

Nedbank has seen its total number of ATMs shrink by approximately 4.4% since 2023.

Egypt, Arab Bank for Economic Development in Africa partner to boost African development

Abdelatty also invited Al-Dossari to participate in the Africa Business Forum, scheduled to take place in El Alamein in October 2026.

Biggest bank in South Africa opening branches and launching ATMs

In 2022, the bank said that the closure of branches reflected its push into digital banking and efforts to make the business more optimised.

Stanbic IBTC Bank upgrades to Nucleus Software FinnAxia 9.0

The milestone reflects more than a decade of collaboration between both organisations in strengthening transaction banking capabilities and delivering enhanced value to corporate and institutional clients.

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.

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