Managers of Wealth Africa

LeapFrog acquires 16.94% stake in Fidelity Bank Ghana

LeapFrog Investments has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana, from Amethis and Edmond de Rothschild Equity Strategies (ERES).

Zenith Bank posts N117b profit before tax

In a statement, the bank said the group’s retail journey continues to deliver positive results as retail deposits grew by N38.2 billion from N1.72 trillion to N1.76 trillion year-to-date.

With Large Corporates, Multinationals Dominating, Credit to Private Sector Increases by 6.68% YTD

Analysis of CBN numbers showed that credit to private sector in seven months of 2021 appreciated by N2.19 trillion, a development some analysts say showed deposit money banks supporting the apex bank in lending to real sector and creating jobs.

FNB launches investment account with no monthly fees

A Shares Zero account lets customers invest in a range of Ashburton exchange-traded funds (ETFs) at no cost

African Development Bank's Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills

Themes submitted included capacity building for entrepreneurs, climate change, gender, affordable housing, food security, migration and textiles, with the common thread of creating decent jobs for young women and men.

Co-op Bank extends joint venture with South Sudan

The government took the remaining 49 percent equity which it was to hold in trust and later transfer to the co-operative movement in that country in a few years.

Africa’s Biggest Bank Looks to Add 40% More Clients on Continent

We are targeting over 25 million highly active and highly digital clients

Standard Bank to cut space by as much a quarter, targets 15m SA clients

Already saving R400m per year from branch and head office space reductions.

Eight banks lose N1.9bn to fraud in one year

The report also revealed that ATM, Internet bank, mobile and impersonation fraud cases cost the bank N830.1m, N37.7m, N16.2m and N989,700 respectively.

KCB Half Year Profit Up 102pc To Sh15.3bn

Assets stood at Sh1.02 trillion from Sh953 billion as customer deposits increased 4 percent to Sh786.03 billion from Sh758billion.

Sanlam Kenya Restructures Foreign-Denominated Loan And Reports Revenue Growth For Its Insurance Subsidiaries

The firm’s gross insurance revenues improved significantly for both Life and General business under the dark Covid trading cloud.

Stanbic Bank registers Ksh. 3.5 billion net profit, reinstates interim dividends payout of Ksh. 1.7 per share

In May this year, Stanbic registered a 26.7% increase in Profit after tax to Ksh. 1.9 billion from Ksh. 1.5 billion recorded in a similar period last year.

Absa’s Subash Sharma on how banking innovations are helping customers through the pandemic

Sharma highlights the important role that innovation has played in improving customers’ experiences and seeing the banking industry evolve in South Africa.

Access Bank introduces USSD to protect customers against fraud

In its promise to offer customers more than banking, Access Bank has not wavered in its drive to not only deliver speedy services but also security for all.

Absa Group Reports Increased Earnings on Broad-based Recovery; Resumes Dividend Payments

Absa generates most of its income from its operations in South Africa.

Access Bank, Zenith, eight others record 329,496 unresolved complaints in 12 months

Despite these policies and regulations, banks continue to record high rate of unresolved complaints.

Obasanjo commends First Bank

Owolabi who is also the defending champion carded a score of 69-net to win, beating Tolu Olugbemi who shot a 70-net score, while Harrison Karuiku with a score of 71 came in the third position, Karuiku won on countback.

Banking Czars Making Waves with ‘Plan B’

As the industry continued to wax strong, banks became evenly distributed across the country, with the attendant challenges.

Bank of Ghana taps G+D for CBDC pilot

“CBDC presents a great opportunity to build a robust, inclusive, competitive and sustainable financial sector, led by the Central Bank."

Access Bank is bridging the gap to sustainable expansion

One of the few banks that have gone ‘all-in’ on sustainability, Access Bank realised long before many others that responsible investment and societal impact were crucial not just for financial performance, but for securing the wellbeing of all

Retail Banking