Managers of Wealth Africa

Nedbank customers take a hit

Nedbank produced a strong financial performance, with headline earnings increasing by 8% year-on-year to R7.9 billion.

First Bank sacks over 100 employees after ₦40bn fraud, freezes their personal accounts

Those employees were accused of laxity in carrying out their duties and were told they should have spotted the fraud earlier.

African Union backs Afreximbank over preferred creditor status

Set up at the beginning of the year, AAMFI brings together the Africa Finance Corporation (AFC), the African Export-Import Bank

Five banks recorded N67bn FX gains in H1

The financial institutions reviewed include FCMB Group, Ecobank Transnational Incorporated, Wema Bank, Sterling Financial Holding Company and non-interest bank, Jaiz Bank.

MPR Hike: Six Banks’ Profits Up 132.56% To N979.16bn In H1’24

Also, ETI’s PBT jumped by 195.96 per cent to N443.51 billion in the first half of the year compared to N150.31billion in the corresponding period of last year.

Ecobank grows half year PBT by 195% to N443.5bn

Operating profit before impairment charges went up by 12percent to $461.5 million (up 215 percent to N631.5 billion).

SA payments ring maker VezoPay partners with Nedbank

VezoPay, the company that has developed smart rings for tap-and-go payments, has "onboarded" its first banking partner.

Absa taking strain, just like South African consumers

Even the Rolls-Royce clients in the relationship banking unit have been under pressure

Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list

The data is collated from the 2023 full year and first quarter 2024 financial statements released by the banks.

FNBB named the Best Bank in Botswana

This has ensured that the Bank remains at the forefront of the banking industry

Report: Almost 50% of customers still prefer traditional banking

The survey reveals that bank mobile apps are the most popular digital channels, with 64% of respondents choosing them, significantly more than USSD (16%) and web/Internet banking (16%).

Banks strive to enhance deposit base — Five banks top chart

EBG and GCB continue to be the market leaders, growing their combined share marginally from 24.4 per cent in 2022 to 25.1 per cent in 2023.

Zenith Bank tops tier-1 capital for 15th consecutive year

The UK-based publication stated that Zenith Bank’s ranking was on account of its continued financial strength and stability.

Banks are dumping ATMs in South Africa

As more customers transition to online and mobile banking, the demand for physical ATMs has decreased.

Elizabeth Obeng Wins Most Outstanding Female in Rural Banking

She mentioned that this reflects her commitment to delivering the highest standards of quality customer satisfaction and also setting a benchmark for others to follow.

The Emergence of the Capital Market and the Future of Commercial Banks in Ethiopia

This article explores the implications of this shift, analyzing how the capital market is poised to influence Ethiopia’s economy and the future trajectory of its banking sector.

Tullow partners 12 banks to boost funding for local suppliers

Subsequently, the programme was launched with the local supplier base where more than 145 companies attended.

Africa is leapfrogging into the future of retail

Retailers and central banks in various countries are working toward developing and facilitating digital ecosystems

Ecobank’s first quarter results promise a record performance for 2024

The bank’s 1st quarter results this year show that this potential is being almost fully realized.

Umeoji projects over N1tn Zenith Bank profit in 2024

She also revealed that the bank was planning to expand its operations to France and other Francophone African countries, set up a fintech subsidiary and raise about N230bn in the ongoing recapitalisation.

Retail Banking