Managers of Wealth Africa

Kenya drops China debt relief bid as banks resist

The Chinese embassy in Nairobi acknowledged the funding hitch, adding that the matter was being addressed by officials of the two countries.

UBA’s Africa Presence As Elixir for Remittances

They are also low relative to the average rate for developing countries.

Unity Bank records N23bn half-year gross earnings

The lender said it also sustained growth trajectory in its assets as total assets for the period rose by 11 per cent to N547.37bn from N492.02bn as of December 31, 2020.

South Africa Mulls Stake in Lender as it Covets a State Bank

Government wants to take up central bank’s stake in the lender

Capitec boss Gerrie Fourie on the future of South Africa’s banking sector

“I am a strong believer in looking for opportunities. You can go to Switzerland where everything works but there are no opportunities, or work within the South African market where not everything works but there are lots of opportunities,”

Unity Bank’s Profit Before Tax up 34% to N1.50bn in H1 2021

A major highlight of the result is the growth in the bank’s loan book, which saw a 22per cent increase to N246.90 billion within the period compared to N202.08 billion recorded in H2 2020.

The Mauritius Commercial Bank Limited signs a USD 20M term loan facility with Bank of Kigali Plc to support its strategic growth objectives

MCB, with a standing of more than 183 years, remains a key player within the African landscape.

Fresh lockdown dims Rwandan banks' hopes

“We have been doing loan loss provisions every month from last year, which we saw was the prudent thing to do, the lockdowns have had a big impact on the economy and our business.”

Ecobank Group H1 2021 Results: Performance Surges as Doubts Hang Over Nigeria

Deposit from customers grew by +21.66% to N7.86trn from N6.46trn in H1 2020.

Ecobank’s Half-Year Profit Jumps By 33%, Revenue Rises

At the end of H1 2021, Ecobank’s total assets increased to N11.02tn from N10.38tn in December 2020.

Banks pledge to support clients hit by recent unrest

Basa said the recent violence and unrest had caused extensive damage to the infrastructure of banks in KwaZulu-Natal and parts of Gauteng.

Fidelity Bank Deepens Workforce Transformation Agenda

The beneficiaries cut across senior, middle and junior management cadres of the bank, and the promotion was based on merit, using a transparent and robust performance management system in line with global best practice.

Fitch affirms Triple A-rating of the African Development Bank, Outlook stable

The global ratings agency assesses the Bank’s overall exposure to risks as “'Low', balancing 'Moderate' credit risk with 'Excellent' risk management policies, 'Low' concentration, and 'Very Low&

Thunes enables Ethiopia's Dashen Bank to make instant cross-border transfers to bank accounts and Amole mobile wallets

Partnership with one of Ethiopia's largest private banks sees Thunes further extend its global payout network.

GCB picks Financial Business Millennium Excellence award

This award inspires me and my bank and all the staff that people are still watching and observing best practice.

Nigeria: Zenith Bank's Rising Brand Value

Since Onyeagwu was appointed its Chief Executive Officer, the bank has won a total of 25 awards bestowed on it both from local and international reputable institutions and agencies.

South Africans now expect rewards, as loyalty programmes grow even more popular

He said launching a programme that cuts across all Old Mutual's customer base has been the biggest success factor this time around.

Retail and commercial banks need to enhance digital security to safeguard clients

Some institutions within South Africa’s financial sector have embraced the benefits that come with technologies like facial verification software.

Fidelity Bank expands its agency banking network as it launches ‘We Dey Everywhere’ campaign

The Agency Banking model allows Fidelity Bank to set up a widespread network of Agents in communities across the country by partnering with consumer outlets such as neighbourhood pharmacies, mobile money vendors, grocery shops and supermarkets.

The SA Mint made less money from making money last year, but still made lots of money

The company said it managed to maintain a healthy buffer stock of coins even in the face of workforce capacity constraints and supply chain challenges which were brought on by the pandemic.

Retail Banking