Managers of Wealth Africa

Bank dollar rate jumps to Sh130 on high demand

Equity Bank and I&M Bank quoted the selling price of the dollar at Sh130.35 and Sh130.75 per unit respectively yesterday, while buying at Sh118.75 and Sh119.85.

Zenith Bank posts N620.6b gross earnings in Q3

Its total assets grew by 20 per cent from N9.45 trillion to N11.34 trillion in 2022, mainly driven by growth in customers’ deposits.

Banking sector resilient amid economic challenges – Afrinvest

The report’s assessment of CBN’s financial stability indicators showed that industry liquidity and non-performing loan ratios both improved by 130 basis points(up) and 75bps(down), respectively, to 42.6 per cent and 4.95 per cent.

Parallex Bank wins Excellence in Agency Banking Award

The bank won the award for its outstanding service in reaching the unbanked and making banking accessible to all.

UBA’s Q3 gross earnings hit N608bn

UBA’s financial report filed with the Nigerian Stock Exchange showed it recorded 12.3 per cent rise in profit

GT Bank, Stanchart most profitable banks in Ghana – PwC Ghana Banking Survey Report

Zenith lost its place amongst the top 3 and was replaced by ABSA as the third bank with profit before tax margin of 65 per cent.

Lagos State Partners Hacey, Access Bank, to Launch Demographic Dividend Roadmap

The demographic dividend estimation profile is intended to identify the logical potential that can be harnessed by countries during a period of demographic transition.

Polaris retains Ahmad to chair new board

Polaris had operated as a bridge bank since 2018 when the apex bank revoked the licence of the defunct Skye Bank Plc and set up Polaris to take over its assets and liabilities.

Boundaries: Mixing money and family

Financial conversations are not always easy, but they are the most important ones you must have.

KCB digital pay deal allows easy diaspora remittances

The partnership with Mobex- an affiliate company of TerraPay Group- will see KCB strengthen its position in the global payments ecosystem.

Standard Chartered Bank's exit from retail business and the future

Right now, close to about 95 percent to 96 percent of our transactions are actually done digitally.

GT Bank, Stanchart most profitable banks in Ghana – 2022 PwC Ghana Banking Survey Report

The average interest rate on investment securities increased from 14% in 2020 to 15.5% in 2021.

BNP Paribas puts its South African subsidiary up for sale

Its sale is the continuation of BNP Paribas' plan to withdraw from Africa and refocus on European and Asian markets.

Musalia Mudavadi reveals Absa, First Assurance stake in Sh4bn wealth

Kenya’s business magnates, politicians and new millionaires have in recent years taken to flying as the preferred mode of transport – expanding the market for leasing and private ownership of planes.

Standard Bank earns 13 accolades at Global Finance Awards 2022

As part of its entry rationale into this year’s Global Finance Awards, Standard Bank focused on the evolution of its service offerings.

Standard Bank Earns 13 Accolades At Global Finance Awards 2022

Standard Bank’s diverse team and skillsets have been recognised at the Global Finance Awards 2022 after taking home wins in more than a dozen categories.

Shareholders approve private placement of unissued Fidelity Bank shares

Fidelity Bank is growing in leaps and bounds and we need to expand our capital base to take advantage of emerging opportunities.

Open banking could be what Africa needs to deepen financial inclusion

Open banking is considered a nascent idea in Africa but 11 countries are already tapping on its potential to deepen financial inclusion in rural areas.

Wema Bank Emerges Best Performing Bank in H1 2022

Wema Bank came first in the category of Leading banks’ by customer deposits growth.

Akin Gump Advises Fidelity Bank on First International Acquisition

Fidelity Bank is one of Nigeria’s largest and fastest-growing banks and serves over 6.5 million customers across 250 offices.

Retail Banking