Managers of Wealth Africa

The man who went from driving taxis to becoming the CEO of a South African bank with over 6 million customers

He saw the brutal retaliation of the struggle firsthand, seeing friends die or flee into exile.

Super bank launching in South Africa

This will open up significant cross-selling opportunities across Discovery’s businesses and generate exponential growth in its shared-value model.

Discovery earnings shoot up as Discovery Bank swings into profit

The company has grown since then to encompass several insurance portfolios and an online banking division.

Major retailer in South Africa closing 280 stores

It added that 100 additional exits are being considered in each of the following two fiscal years.

New Banco de Moçambique Governor to Consult Banks on FX Shortage

According to the new governor, it will first be necessary to verify the available data and subsequently consult commercial banks to understand the constraints existing in the foreign exchange market.

Standard Bank Becomes Only African Bank in Global Stablecoin Consortium

The consortium plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027.

Samsung Wallet launches Scan to Pay QR payment feature in South Africa

To use Scan to Pay, a user opens Samsung Wallet, scans a QR code displayed at checkout, either in-store or online, and confirms the payment within the app.

Arab African International Bank posts highest first-half net profit in five years at $202.8m

The bank stated that it continued to deliver a strong performance during the first half of the year, strengthening its balance sheet supported by solid growth across its loan portfolio.

South Africans are ditching their wallets for wearable payment

In this evolving landscape, physical bank cards are becoming less visible, serving primarily as the credential that enables a payment rather than the payment method itself.

Diamond Trust Bank Posts Impressive Growth

This helped push operating income up by more than 20%.

Digital banking fraud cases overwhelm South African consumers as scammers refine tactics

The NFO is well placed to investigate cases where funds are transferred between banks but cannot compel information from independent third-party organisations such as crypto or gambling institutions that fall outside its jurisdiction.

Diamond Trust Bank Half-Year Net Profit Up 35.8% to KSh 7.3Bn

One positive point is the improvement in Return on Equity(ROE) to 14.25%, showing better returns generated from the bank’s equity base.

Afreximbank profit jumps 30% to $535 million as lending swells

The results showed that the bank and its subsidiaries maintained strong financial performance

Absa Bank expands its mandate with Africa’s largest pension fund

The mandate, previously managed by Standard Bank, includes settlement of transactions, investment cash management, and asset tracking.

Mukuru Launches Visa Companion Card in Botswana to Drive Cashless Payments

The launch introduces a physical Visa-branded Companion Card that integrates directly with the Mukuru Wallet, a mobile-based financial management tool already used by customers in Botswana.

Absa Group plans strategic expansion into Nigeria with merchant banking license

Absa, currently South Africa’s third-largest lender, intends to convert its existing representative office in Nigeria into a fully operational merchant bank.

UnionPay expands across nine African markets via Standard Bank

UnionPay is launching e-commerce solutions in Botswana, Ghana, Kenya, Malawi, Namibia, Tanzania, Uganda, Zambia, and Zimbabwe.

Ninety One announces final close of Africa Credit Opportunities Fund 3 at US$404 million

The third vintage in the Emerging Market Senior Credit series reflects continued investor demand for private credit strategies financing businesses and infrastructure across Africa and other emerging markets.

AfDB and Mauritius Commercial Bank Partner to Boost African Trade

The agreement brings MCB into the African Development Bank's Trade Finance Transaction Guarantee Instrument as a confirming bank.

GCB overtakes Ecobank as Ghana’s largest deposit-taking bank

Ecobank Ghana, which led the market in 2024 with a 14.33 per cent share, saw its position fall to 10.52 per cent in 2025.

Retail Banking