Managers of Wealth Africa

Dividend dilemma: Ghana banks struggle despite recapitalisation progress

This decision follows the directive issued to all 23 banks in the financial sector to suspend the declaration and payment of dividends

Nedbank pumps R3.5 billion into Cape Town

The city said that this is the largest three-year infrastructure investment in a metro in South Africa’s history.

Retailers closing the taps on young South Africans

The Q1 2024 index showed that young people account for 16.4% of credit-active South Africans, with a bias (over 80%) towards retail credit.

Fidelity Bank: On the Path to Becoming Global Lender

This will translate into N127.10 billion fresh capital once the offer comes to an end July 29, 2024.

S.Africa's Naspers profit doubles on Tencent, e-commerce performance

The firm posted an annual consolidated e-commerce trading profit of $24mln, compared with a loss of $435mln

Vista Bank set to capitalise on Africa’s golden age

The award-winning Vista Bank Group has made a considerable impact over a short while in West Africa. It is now the region’s third largest banking group in terms of branches and it is all set to expand its presence to 25 African countries.

Nigerians borrow N3.9tn as economic crisis bites harder

It added that personal loans increased by 14.3 per cent to N3.028tn from N2.648tn in December 2023, while retail loans rose by 3.6 per cent to N794.79bn.

Bank Reserves Down 0.3% to 254.2 Billion Meticais in April

Following this increase, the Confederation of Economic Associations of Mozambique (CTA) considered that the decision made it even more expensive to take out bank finance

Retailers in South Africa still struggling as consumers take pain

Investec economist Lara Hodes said that this performance is because consumers remain financially constrained, with interest rates only likely to start coming down in Q4 2024.

More than 1000 young people benefit from DTI, Mastercard Foundation’s TVET programme

It aimed to increase access to quality employment-oriented skills training for women, and low-income and vulnerable groups.

Absa Bank’s Marketing Chief and Corporate Affairs Director takes top honours at Premier Marketing Leadership Awards 2024

The bank has launched its new tagline, ‘Your Story Matters,’ highlighting a customer-centric approach that fosters meaningful relationships and ensures a seamless customer experience.

Ecobank Climbs by 12% over Strong Volume Trade

They also noted that this performance was achieved in the face of significant macro-economic headwinds

Why African Customers Are Moving Away From Traditional Banking

Below we've highlighted the top 3 challenges reported by Africans about their banks.

Majid Al Futtaim Partners with Checkout.com to Enhance Digital Payments

Additionally, the partnership will enhance payment experiences for the company’s cinema, leisure and entertainment businesses.

PayShap fees in South Africa – Absa vs Nedbank vs Standard Bank vs FNB vs TymeBank and more

BankServAfrica said that the gradual migration of transactions from legal payment rails to PayShap by the participating banks has led to a rise in transaction numbers,

Access Bank proves resilient — Named Best Bank in Ghana

This award affirms the bank’s commitment to the needs of customers

Zenith Bank emerges ‘Most Sustainable Bank in Nigeria’

This prestigious award underscores our steadfast commitment to sustainability and reinforces our belief that responsible banking is essential for long-term success and societal impact.

Absa aims to use new Beijing office to strengthen China-Africa business ties

With a healthy client base already in place, Absa will make its presence known

Africanbank profits rise after closing the taps

The group’s customer base also increased by 38% to 5.7 million.

Tough start to 2024 for Nedbank – with the rest of the year not looking much better

Household finances remained under pressure as real incomes contracted and job prospects remained muted.

Retail Banking