Managers of Wealth Africa

Banks Close 229 Branches as POS Transactions Redefine Everyday Banking in Nigeria

At the heart of this shift is the explosive growth of POS transactions.

People in South Africa saying goodbye to bank cards

Its data shows that nearly two-thirds of transactions during the shopping event were digital.

TymeBank Reaches Profitability and Unicorn Valuation in 2025

Strategic partnerships, cost-efficient operations, and customer-focused products, like zero-fee accounts and competitive savings rates, have driven its fast expansion.

Did Old Mutual pick the exact wrong time to launch a bank?

Despite its massive investment and plan to break even by 2028, Old Mutual Bank’s expansion strategy is challenged by the looming entry of Pepkor and Shoprite, which already operate retail finance services at scale.

Union Bank rewards outstanding employees

The ceremony tagged 'Union Bank Employee Recognition (UBER) Awards' witnessed attendance which included Board of Directors, senior management, award nominees, and staff.

Absa Bank wins three honours at 2025 Marketing World Awards

The bank received Most Impactful Brand Campaign of the Year for its ‘Get More with Absa’ campaign and was also recognised as Best Banking Brand in Sustainability.

Nedbank flags 20% earnings drop after Ecobank exit

The warning follows the sale of its 21.2% stake for R1.7bn.

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

The outcome represents a 23% increase over the previous replenishment and sends a clear signal of confidence in Africa’s development prospects, the African Development Bank Group’s leadership, and a new development model centred on investment,

Absa Bank partners Visa to launch Absa Pay

Absa Pay is designed to make everyday payments simpler, safer and more convenient.

Access Bank Champions Africa’s Payment Integration, Stresses Importance of PAPSS

In alignment with the theme, discussions emphasised the importance of resilient, interoperable, and sovereign African payment infrastructure that empowers businesses, supports SMEs, and strengthens intra-African trade under the AfCFTA.

South Africa set for biggest cash-system overhaul in decades

Moving to create a cash-management company, roll out white-label ATMs and tighten oversight of how money circulates to make it cheaper and easier to access.

Discovery Bank named South Africa’s most loved bank – with record 61% net sentiment

Clients commended Discovery Bank’s service responsiveness, helpful staff, and high-quality support

Goodbye cash and ATMs as you know them in South Africa

The so-called Cash Smart Strategy aims to ensure physical funds remain accessible for low-income and rural communities

UBA Group wins Banker Awards, emerges Africa’s Bank of the Year

The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry

UBA Group Sweeps 2025 Banker Awards

The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry, celebrating institutions that demonstrate outstanding performance, innovation and strategic execution.

Access Bank named Nigeria’s ‘Bank of the Year 2025’ in London

The accolade, announced during a high-profile ceremony at the Peninsula Hotel, followed a rigorous global evaluation that reviewed over 1,000 entries from banks in more than 120 countries.

Access Bank and NBK consolidate women-focused banking under new ‘W Initiative’

The launch marks a significant operational shift for the two lenders—both subsidiaries of Access Bank PLC—as they attempt to streamline their product offerings.

Hybrid Banks call on NBE to revise NPL limits

They argue that the current uniform 5% NPL cap for all commercial banks stifles lending to the agricultural sector, compromising efforts to expand financial access where it is most needed.

Union Bank MD urges auditors to tackle cyber risks

With reported losses exceeding N100bn in 2023 alone, and with the country ranked among the top global sources of cyberattacks, the risk landscape has fundamentally changed.

Standard Bank grows revenue while keeping costs in check

In a voluntary trading update, the group said the economic environment across its sub-Saharan African markets showed easing inflation and lower interest rates.

Retail Banking