Managers of Wealth Africa

Virgin Money South Africa is now Spot Money – A new open banking platform

A few months after the app’s launch, Virgin Money released a new version of Spot that was built on blockchain technology.

Rwanda: Access Bank Rwanda Wins 'Commercial Bank of the Year' At Service Excellence Award 2020

The award spotlights the bank's commitment to meet and exceed customers' expectations, according to officials.

West African startup partners with Coris Bank International Togo

The strategic partnership will enable the ride-hailing startup’s driver-partners to access performance-based financing and is a step towards large-scale, data-based financing in the informal sector.

Ecobank Group’s customer deposits rises to N6.69tr in Q3

The nine-month report showed that gross earnings stood at N613.15 billion in 2020

TymeBank fee changes for 2021

Because the bank does not have an ATM network, it treats till points at retailers as its de facto ATM.

Six Banks Boost Economy With N1.3 Trillion Credits in 2020

THISDAY checks showed that the six banks credits to customers as of September 2020 stood at N13.958 trillion, up by 10.59 per cent from December 2019, indicating that an additional N1.337 trillion was given out within the nine months period.

‘Future of banking bright in Nigeria’

The bank has undergone a significant evolution of business culture over the past few years with a view to improving operational efficiency and expanding market share.

Zenith Bank extends industry leadership to size of balance sheet

Our half year analysis on Zenith Bank Plc envisioned that in the event of the bank taking over the lead on the size of the balance sheet, it will add asset size to its long held industry ruling by profit volume — this has happened.

Standard Bank simplifies, cuts bank fees

And teases about a new hybrid savings account with no monthly charges ….

E-commerce will enable young people to gain from AfCFTA but legal hurdles loom

The trading bloc comes into force in January 2021.

Stanbic hit by Sh275m default from sister firms

“For the year ended December 31, 2019, the group has made provision for doubtful debts relating to long outstanding amounts owed by related parties [of] Sh275.2 million.”

AfricInvest invests in Fidelity Bank Ghana

AfricInvest, a Pan-African mid-cap-focused private equity firm, has acquired a minority stake in Fidelity Bank Ghana.

Liberia wins Bank of the Year at the Banker’s Award 2020

UBA Liberia has enjoyed immediate commercial benefit by being the first to be integrated with the Central Bank of Liberia National Electronic Payment System (NEPS) Switch phase 2 project.

Bank Employee Sells Personal Data of 200,000 Clients

Financial details including PIN codes and passwords were not compromised by the data theft.

UBA Group Subsidiaries Win Bank of the Year Awards

The 2020 edition of the awards ceremony was held virtually yesterday, and the exceptional win makes it the second time ever in the history of the banker awards, that any banking group will be clinching as many as six wins in the same year.

Ecobank Group wins Awards from EMEA Finance, The Banker and Global Finance

The award of ‘Outstanding Crisis Leadership – Finance & Business’ was awarded to Ecobank by Global Finance

Kenya dumps costly syndicated loans to ease debt burden

Syndicated loans are provided by a group of lenders, rather than a single financial institution, to spread the risk of default.

Rein in banks too over mobile loans, CBK told

Digital lending apps by local commercial banks, including products such as Fuliza, Mshwari and KCB M-Pesa, account for a substantial chunk of mobile loans.

Ecobank Group wins Awards from EMEA Finance, The Banker and Global Finance

We are now positioning our payments business as an enabler of trade and payments across Africa.

Standard Bank’s new fees and account changes for 2021

This means that its customers can use any ATM near to them and only pay the standard ATM banking fee, which has been reduced to R10 per R1,000.”

Retail Banking