Managers of Wealth Africa

Major bank in South Africa ‘discontinued’

The remaining Financial Services short-term insurance businesses were transferred to the group’s Automotive segment.

Fidelity Bank Wins Excellence in SME Banking Award at 2025 Innovation & Excellence Awards

At the heart of Fidelity Bank’s success is its comprehensive approach to supporting SMEs.

Unity Bank Records N59.36bn Gross Earning, N472.5bn Total Assets

In its audited financials submitted to the Nigerian Exchange Limited (NGX), Unity Bank also witnessed improvements across key performance indicators

Major retailer closing stores in South Africa

The group described the trading environment as “challenging”, noting lower sales due to constrained consumer spending in all regions.

All bank accounts and mobile wallets within Africa should be interoperable — Experts

Financial institutions are often required to obtain licenses in each African country where they operate and store customer data locally—an impractical requirement for most businesses.

FNB fraud warning

Although the bank has seen a slight decline in reported fraud cases, the risk remains high as fraudsters continue to adapt to new technologies.

Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans

Among the projects approved that year was the Nigeria Distributed Access through Renewable Energy Scale-up Project

RealPay Drives Digitised Payments Across Africa with Expanded Partnerships

Through these far-reaching partnerships, RealPay continues to advance its mission of delivering reliable, secure, and accessible financial services to companies and consumers alike.

Absa set to empower SMEs through business clinics

The sessions bring together experienced business leaders to share insights and recommendations that address common challenges in the SME sector.

Banking on debt: The ripple effects of short-term debt auctions

The crowding-out effect is a double-edged sword for the business community.

Mauritius Commercial Bank CEO Thierry Hebraud: ‘Africa’s financial sector is at an inflection point’

On the other hand, the financial sector would remain a key driver of growth, with banks pursuing their diversification strategy while contributing to ongoing efforts to uphold the competitiveness of the Mauritius IFC.

Ecobank Hits Record High as Investors Sentiments Improve

Analysts maintain positive outlook on Ecobank group on the back of its earnings diversification and robust balance sheet quality.

Keystone Bank: Story of Resilience, Reinvention, Growth

As Keystone Bank continues to flourish, customers and shareholders alike can rest assured that the bank remains safe, healthy, strong, and resilient.

Equity Bank cuts loan interest rates by largest margin

The new rates are effective February 13, 2025, for new loans and March 1 for existing loans.

Ecobank and Xtransfer partner to streamline cross-border payments for African SMEs

The partnership between XTransfer and Ecobank seeks to address these hurdles by offering efficient cross-border payment solutions.

Bank profits near record P4bn mark

By comparison, the banks collectively recorded after-tax profits averaging P276.8 million over the corresponding period in 2023.

Recapitalisation: Fidelity Bank to raise funds via private placement

That the private placements in Resolution (4) above shall be carried out in conformity with applicable laws and subject to the procurement of relevant regulatory approvals.

Herbert Wigwe’s Impact on African Banking

One of Wigwe’s defining achievements was his ability to expand Access Bank’s footprint beyond Nigeria.

Standard Chartered tops Ghana’s retail banking rankings – KPMG survey

The findings indicate that Ghanaians are prioritizing security, seamless digital experiences, and competitive loan services when choosing their banking partners.

Commercial Bank of Ethiopia Surpasses 1.4 Trillion Birr in Total DepositsEthiopian coffee tours

This performance represents a 147.6% achievement against the bank’s initial targets, underscoring its strong market presence and customer trust.

Retail Banking