Managers of Wealth Africa

12 Banks’ Net Interest Margin Shrink on Cost of Funds, Assets Yields

Out of 12 banks observed by THISDAY, 10 Deposit Money Banks reported decline in NIM in 2021 financial year.

Ecobank extends remittance services to business accounts

The bank is also working to enlist other International Money Transfer Operators for a more robust remittance offering.

These 7 African countries have the highest number of commercial banks

Commercial banks are the leading types of banks around the world, be it in terms of number/availability, asset size and profitability.

Bank of Ghana pausing to observe after cycle of rate hikes

"The (bank) was of the view that it will appropriate to pause and observe the impact of the recent monetary policy measures already taken,"

Access Bank Secures US-DFC $280m Financing for On-lending to SMEs

Nathan noted that the loan proceeds would be on-lent across more than a dozen sectors in the Nigerian economy, with specific focus on women-owned SMEs, and on loans with longer tenors, which will provide more flexibility to borrowers.

QNB launches direct remittance service to Philippines through RippleNet

QNB’s latest first-to-market solution complements the Bank’s efforts to improve cross-border payments, upholding its leadership position in Qatar in the sector of money transfer.

Standard Chartered Acts as Lead Issuing House for Dangote’s Debut Bond

Dangote Industries is one of the leading, diversified and fully integrated conglomerates with operations in Nigeria and Africa with 11 distinct business lines, with the cement, sugar and salt business currently contributing the majority of the group earni

Heritage Bank, Others Win at 2022 W’Africa Innovation Awards

According to Abidemi Adesanya, the project director during a media chat in Lagos, he said some other highlights of the above program include CEO Media Chat, Executive Talk time, product exhibition, comedy and a brainstorming session.

Zenith Bank, others move to boost non-oil exports

Highlighting the importance of non-oil export to the nation’s economy, Ovia said Nigeria exported cocoa and several other non-oil products for years before oil was discovered.

Rand Merchant Bank wins M&A deal awards

In addition to the M & A Deal of the Year, RMB Nigeria won the award for the Best M&A House.

Equity Bank cleared to pay firm in Sh3bn contract dispute

The developer invited the Chinese company to construct 522 housing units in Mombasa worth Sh3 billion in May last year.

United Bank for Africa Launches New Branch in Dubai

We have been looking forward to this day as it is the first time we will have presence in this part of the world.

Ecobank wins the coveted Africa’s Best Bank

Our commitment to SMEs in Africa is unwavering.

Nigeria's United Bank for Africa expands into Middle East

The new branch located in the Dubai International Financial Centre will serve customers across the region

Zambia says World Bank reclassification will not affect lending

The reclassification of the country occurred 10 years after the country was upgraded to lower-middle-income status in 2011 based on good economic performance.

African Bank is rolling out hundreds of banking ‘pods’ and kiosks in South Africa

The introduction of kiosks and pods will increase African Bank’s distribution footprint from 400 to 930 outlets by 2025.

Wema Bank, AirtelAfrica move NGX on bullish note, index up 1.30%

The Nigerian equities on Friday recorded a strong rebound from the previous losses, following renewed investors’ interest in banks and telecommunication stocks.

Safaricom, Equity Bank ranked top brands in Kenya

Equity Bank, whose value grew by 92 percent, led the pack in the list of strongest brands with an elite AAA+ brand rating and a Brand Strength Index (BSI) score of 90.8 out of 100.

Africa’s best bank for SMEs 2022: Ecobank Transnational

Ecobank is working with leading multilaterals.

Stanbic set to screen loans in push for green projects

Quarterly reports on the screening undertaken will be provided to the board.

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