Managers of Wealth Africa

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.

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.

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