Managers of Wealth Africa

Jeremy Awori on how AI and fintech are transforming Ecobank

Two years into his tenure, Ecobank CEO Jeremy Awori takes stock of his GTR agenda and the place of tech and AI in the bank's future.

Top 10 banks offering the most competitive loan rates as borrowing costs decline

They reflect both the influence of the Ghana Reference Rate and lending strategies of individual banks.

Big banks back Schreiber’s smart ID and passport service drive

The collaboration with Home Affairs will scale the existing bank partnership from 30 branches across five banks to 1 000 branches by 2029.

Banks lead credit bureau activity as enquiries double in 2024 – BoG

The report attributes the overall rise in credit bureau activity to a surge in digital lending and stronger compliance with data submission requirements.

Mumuadu Rural Bank posts remarkable growth in all indicators

By this, the Board of Directors has congratulated management and staff on the remarkable profit growth and have therefore been urged to work assiduously towards increasing the Bank’s profitability to increase shareholders’ investments.

Ghana’s Decade-Long Bad Loan Struggle Demands Urgent Fix, Expert Warns

This ongoing crisis stifles lending, pushing up borrowing costs for businesses and individuals when the economy needs investment most.

Absa Bank Unveils 10 Boreholes Nationwide

The project sits under Absa’s Force for Good agenda and targets underserved communities with clean, reliable water.

ARB Apex Bank Assets Surge 84% Amid Digital Banking Boom

The surge was fueled by a 73.66% deposit influx to GH₵2.11 billion, enabling aggressive investments in government bills and a 104.87% expansion of its loans portfolio.

Nedbank to focus on growth points in Africa

Nedbank announced the board had given the green light to pull out of its 21% shareholding in Ecobank Transnational Incorporated, a partnership entered into a decade ago that paved the way for clients to access more than 2,000 branches in 39 countries.

Ghanaian Banks Urged to Shift Focus as Rate Cuts Reshape Economy

Banking leaders acknowledged readiness to lend but stressed borrower preparedness.

Ecobank Divests Stake in Mozambique to FDH Bank

The bank has been operating in Mozambique since 2000, when it was incorporated as Novo Banco SARL, before changing its name in 2014 to Ecobank Mozambique SA, following an acquisition by ETI.

Mozambique: FDH Bank PLC Acquires Controlling Stake in Ecobank Mozambique

Upon completion, FDH Bank plc will assume effective control of EMZ

Nedbank Group reports 6% growth in half-year earnings

“The operating environment during the first half of the year was challenging,” said Jason Quinn, Nedbank Chief Executive.

Banks closing ATMs across South Africa — except one

Capitec recently told MyBroadband that it was actively increasing its branch and ATM footprint while its competitors are scaling back.

Regional subsidiaries boost profits for Kenyan banks

Nearly all Kenya’s banks witnessed a surge in external profits in 2024, with Equity Group generating the highest at Ksh24.4 bn ($188.9m)

Access Bank committed to unlocking Africa’s vast trade potential

He added that the conference was an opportunity to showcase Access Bank’s presence in Africa and abroad

Standard Bank integrates Shyft online share platforms

Standard Bank went on to say that Shyft was chosen as the 'most suitable platform' for servicing global and local investment and trading demands across several currencies and asset classes.

Access Bank’s Euromoney Wins Signal New Era of Regional Banking Leadership

These prestigious awards affirm the Group’s long-term strategy, growing footprint, and unwavering commitment to transformative and inclusive banking across the continent.

Niger: African Development Bank Extends Loan of Over $144 Million to Enhance Energy Access and Economic Competitiveness

It will also support the clearance of domestic arrears, public-private dialogue, and the adoption of an industrial and commercial policy to bolster support for Nigerien businesses.

S&P upgrades African Bank rating, affirms South African banking sector stability

S&P Global affirmed the ratings of Absa Bank, BNP Paribas Personal Finance South Africa, Capitec Bank, FirstRand Bank, Investec Bank, Nedbank, and the Development Bank of South Africa.

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