Managers of Wealth Africa

Microfin Rural Bank targets aggressive digitisation for growth

The bank is committed to leveraging technology to promote operational efficiency and to enhance financial inclusion.

The top 5 Nigerian startup sector developments of 2020

Launched in January 2016 by Shola Akinlade and Ezra Olubi, Paystack is a payments company that helps businesses in Africa get paid by anyone, anywhere in the world.

Kenya’s Mobile-Banking Pioneer to Expand into Money Management

Company will partner with fund managers, investment banks

Consumers, retailers face a tough 2021 as personal debt spirals

According to the reported data, the serious delinquency rate for clothing accounts was 34.3%; 32.8% for non-bank personal loans

Absa named best retail bank in Africa

In addition, ARO demonstrated a swift and strategic response to the COVID-19 pandemic, not only assisting customers with payment relief initiatives but also contributing extensively to local social relief efforts.

Access Bank named Nigeria’s safest bank

This recognition serves as an encouragement for us to build on our successes and invest even more in digitally-led measures that will position us as the World’s Most Respected African bank.

Banks’ ten-month profit falls Sh41bn on Covid shocks

The drop in profitability thins the chances of dividend payouts for shareholders next year.

Banks are pivotal to success of AfCFTA

According to Mr Akinwuntan, “Nigeria banks have strong capital and their operating synergies have been tremendous for the past five years particularly in the digital banking space."

Absa named best retail bank in Africa

The accolade also encompassed Absa’s role in driving financial inclusion across the continent.

Africa’s banks reacted well to Covid-19 — long may it continue

A fast-tracked move to digitalisation, and understanding that banks and their customers' behaviours are irrevisibly changed, means there is no time for banking to drop the ball now

Sahel Group of Five - African Development Bank Approves Program to Expand Solar Energy Generation Under Desert-to-Power Scheme

The approval follows the fourth Africa Energy Market Place (AEMP) event held by the Bank.

Access Bank Nigeria Plc spent N9.34 billion on CSR in 2019

The sum of N9.34billion was spent by Access Bank on Corporate Social Responsibility in 2029, according to the bank’s report.

Co-op Bank ventures into global money transfer deal

The deal will see Co-op Bank customers send money to a foreign bank account or mobile number.

Here’s how much the average South African owes on their credit card

Serious-level delinquencies – accounts three or more payments past due – increased across all major consumer credit categories as consumers continued to experience financial stress.

Absa Group and its CEO Win Big at the Global Brands Magazine Awards 2020

The Global Brand Awards is an annual event held by Global Brands Magazine

Early debit orders in December draw fire – but SA banks say it’s ‘standard practice’

South African banks have come under fire for processing debit orders earlier than usual in December.

African Development Bank and 11 MDB’s to Launch Report on Financing the Sustainable Development Goals

It showcases examples of how their financing directly contributes to advancing SDGs that empower people, protect the planet, foster prosperity for all, and develop sustainable quality infrastructure.

Nedbank’s adapt-or-die approach pays off

The impact of the Covid-19 pandemic has resulted in a tilt in our strategic focus since the lockdown started towards the end of March.

Afreximbank Lists Eight Nigerian Banks among Trade Finance Intermediary Initiative

It explained that in line with its charter and mandate, Afreximbank delivers its products and services with and through central banks, commercial banks and other eligible bank and non-bank financial institutions.

Co-operative Bank of Kenya partners with Thunes to rollout Co-opRemit - a New Global Money Transfer Solution

Co-opRemit streamlines the process of real-time money transfers particularly within Africa

Retail Banking