Managers of Wealth Africa

McKinsey suggests actions to improve African banks’ ROE

“Part of the reason for this is that many of the downward pressures on ROE in African banking predate the pandemic,”

Standard Bank launches Shari’ah Business Current Account

“With this new Business Current Account, we can provide personalised banking, in every sense of the word, that prioritises businesses and gives them the tools and facilities they need.”

Kenya's bank completes acquisition of DRC-based lender

Russo said the transaction will positively contribute toward KCB's increased scale of operations by establishing its presence in new markets and providing income diversification from a geographical perspective.

Standard Bank successfully closes USD 750 million Sustainability-Linked Syndicated Term Loan Facility

The facility is structured as a two-year loan with an option for Standard Bank to elect to extend for a further year.

Ecobank Group’s digital transactions record $59.1bn in 9 months

A closer look at the various digital channels of the company shows that the Ecobank Omni Plus recorded the largest transaction value within the period at $37.8 billion.

Access Bank, Nerdz Factory Collaborate on Climate Change

While addressing the students, the Senior Special Assistant on Education to the state Governor, Adetola Salau, said climate change is a real phenomenon that should be understood rather than dismissed.

Banks’ Operating Expenses Up 19.2% on High Inflation, Regulatory Charges

Nigeria’s inflation rate according to the National Bureau of Statistics (NBS), moved to 20.77 per cent in September 2022 from 15.6 per cent reported in January.

Ecobank Group Reports $401m Profit Before Tax

Operating profit before impairment charges up 12 per cent to $592.

MSME Bank of the Year Award: Customers Laud Polaris Bank

Recounting his experience securing a business loan from the Bank, Ken said, “the loan has helped him scale-up business, mainly because of the swiftness in which the loan was appraised and disbursed”.

Ecobank is undervalued but its Nigerian business is also under performing

The bank started 2022 on a cautious note following the IMF’s plan to cut the global growth forecast due to the high inflationary and high-interest rates environment.

South African Banks Are Well-Positioned to Absorb Risks

The banks recorded strong revenue growth in 9M22

Zenith’s ‘Bank Of The Year Nigeria’ Award Signals Robust Year-End Performance

This came on the heels of the award as Number One Bank in Nigeria by Tier-1 Capital by The Banker won by Zenith Bank earlier in the year.

Ecobank Reports $401 Million Before Tax in Nine Months to September 2022

Revenue grew by 7% from $1.26 billion in recorded the same period of 2021 to $1.35 billion in the period under review.

Access Bank introduces specialised debit cards for women

The bank rewarded female entrepreneurs who emerged winners in its grand finale of W-Initiative’s Womenpreneur Pitch-A-THON Season four, with prices ranging from N500,000 to N5 million.

South Africa: African Bank basks in profit jump and IPO dream, warns of power woes

The intention is to enable our current shareholders to exit by means of this IPO

Most loved and hated banks in South Africa — with one slipping badly

FNB was the most likeable bank overall, with a positive net sentiment index score of 37.5%, followed by Absa with 25.8% and African Bank with 14.1%.

South Africans are threatening to close their bank accounts – this is where they would rather go

One big area analysed by the group is churn – the movement of banking customers from one bank to the next – where the analysis of conversation topics looked specifically at author intent.

TymeBank eyes 6 million customers as it makes big push into business banking

Retail Capital is a fintech company that provides funding to small and medium-sized businesses, and work is now underway to integrate the organisations.

Access Bank Launches New International Money Transfer Platform

This new service was created with the aim of facilitating the payment of goods and services between Access Bank subsidiaries, limiting the risk associated with cross-border cash-based transactions.

Uganda banking sector resilient but loan write-offs surge

Central bank says asset quality of commercial banks improve

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