Managers of Wealth Africa

Absa rolls out ambitious plans for a R9.4 billion B-BBEE deal

The staff component would enable all Absa employees across the group’s operations to become shareholders and to participate in the group’s growth.

Access Bank Celebrates 2 Years Of Signing Global Principles For Responsible Banking

Over the years, the Bank has consistently focused on adhering to the six Principles of Responsible Banking, which include aligning strategies to the United Nations Sustainable Development Goals, the Paris Agreement, and other relevant societal references.

UBA Records 33 per cent YoY Profit Growth, Declares 20k Per Share Interim Dividend

The results filed with the Nigerian Exchange, showed that the Group’s profit after tax stood at $147.5mn

FirstRand reports faster than expected earnings recovery

The group accreted capital over the period, growing net asset value 10%, which enabled the group to pay a full-year dividend representing a 56% payout.

TymeBank expects to break even in 2022

TymeBank has also made a splash with an enhanced value proposition to consumers by adding insurance, as well as a ‘buy now, pay later’ product called MoreTyme.

Bank of Mozambique Foresees Gradual Recovery of the Economy

At its ordinary session held on Friday in Maputo, the CPMO decided to maintain the monetary policy interest rate, MIMO rate, at 13.25 percent.

5 Kenyan CEOs Ranked Among 50 Best Leaders in Africa

"Leading banks have a proper and well-defined pattern of operation model constructed by a major in-house innovative mind-a leader; these are Bank CEOs and MDs."

Fidelity Bank Reports 72.4% Increase in PBT To N20.6bn

The Bank showed a good appetite in funding the real sector with Net Loans and Advances increasing by 15.8 per cent YTD to N1,535 billion from N1,326 billion in 2020FY.

FBN Holdings, Fidelity Bank, Others’ Interest Income on T.Bills, Bonds Shrink 12% on Low-interest Yield Environment

The Head, Retail Investment, Chapel Hill Denham, Mr. Ayodeji Ebo in a telephone chat with THISDAY attributed the decline to banks interest rate generated from T-bills and bonds to reinvesting in lower rate securities.

Regulate high lending rates - IEA urges BoG

The association, therefore, wants the country to tread cautiously on discussions about capping lending rates.

Zenith Bank Pledges National Pride, Unity

Onyeagwu stressed further that Zenith bank remains focused on pro

H1’21: UBA Records 33% YoY Profit Growth, Declares 20k Per Share Interim Dividend

Posts Impressive N76.2bn Profit in Half Year, 2021

Access Bank bags best banking CEO award

According to the award organisers, the award was in recognition of the impact of Wigwe’s leadership as CEO and group managing director of the bank.

Nedbank adds new features to its digital banking

The bank will unveil a number of other enhancements to its digital banking offering, including enhanced cellphone banking

FCMB Emerge as the Best SME Bank in Africa and Nigeria

The SME friendly bank beat all other Nigerian and African banks to win national and continental honours.

Potential loan defaults haunt Tanzanian banks

CRDB’s 4.4 percent figure for Q2 was up from 4.1 percent posted in Q1 (January to March) but still within BoT threshold range, while NMB’s ratio of 4.3 percent were a drop from 5 percent in Q1.

Access Bank posts happy H1’21 numbers with N450.6bn revenue, 30k dividends

During the review period for the tier-1 lender’s interim consolidated and separate financial statements for the period ended 30 June 2021, its profit after tax grew by 42.44 percent to N86.94 from N61.04 billion

Kganyago: Financial inclusion doesn't mean 'shoving credit down the throats of the poor'

SA has battled to meaningfully include a larger portion of its population in mainstream finance, with few lower-income earners able to access loans from banks.

Standard bank selects TCS BaNCS cloud for digital claims transformation in short term insurance

TCS SaaS offering to help the leading South African insurer process claims faster, offer personalized customer experiences, and drive product innovation

Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks

Johannesburg-traded steelmaker ArcelorMittal South Africa Ltd. completes the quintet.

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