Managers of Wealth Africa

Standard Bank declares dividend despite drop in earnings

Overall banking revenues declined marginally, down 2%.

Equity signs Sh10bn SMEs loans deal

Chief Investment Officer at FMO Huib-Jan de Ruijter said the facility will be a lifeline for the MSMEs by providing capital to keep businesses running.

Ecobank partners NEXIM bank, unveils trade opportunities for exporters

Ecobank Nigeria is providing opportunities that support exporter

Ecobank’s Global Bond Milestone

Ecobank gains access to global capital markets just as Africa's economic recovery from the pandemic is about to begin.

AfDB allocates $2 mln grant to boost financial inclusion in Africa

The project will potentially benefit 250 million vulnerable customers and 2,000-3,000 financial institutions across Africa

Nedbank expects earnings to slide 60% as it weathers Covid storm

Its basic earnings per share (Eps) is expected to fall by between 69 and 74 percent, to between 650c and 775c compared with last year’s Eps of 2500c.

FirstBank boosts cross border payment with FirstGlobal Transfer

“For example, with First Global Transfer, individuals and customers in Sierra-Leone can walk into any FBNBank branch to send money to FirstBank customers in Nigeria as well as FBNBank customers in Gambia, Ghana, DR Congo, Senegal or Guinea.”

Nigeria: African Development Bank Group provides $400,000 grant for Securities and Exchange Commission of Nigeria to support capital markets development

The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance

Deputy chief executive of S.Africa's ABSA dies of COVID-19 complications

South Africa is the hardest hit country in terms of infections and deaths across the African continent, with 1.5 million cases and just over 50,000 deaths.

The African Development Bank to introduce first women beneficiaries of AFAWA Guarantee for Growth program

The AFAWA Guarantee for Growth program targets financial institutions to increase their appetite to lend to women who are known to be better payers

Stanbic Holdings reports Sh5bn net profit for 2020

Stanbic increased loan provisioning by 64.7 per cent to Sh4.3 billion in the wake of the virus crisis that saw massive layoffs, pay cuts and companies’ declined revenues, hurting borrowers’ ability to repay.

Ecobank Group’s Josephine Anan-Ankomah talks about importance of banking for women

The firm would most probably have been better run, more conservative in its risk taking and would have avoided massive gambles on products it didn’t understand.

Ex-Diamond Bank chairman, Seyi Bickersteth is dead

The death has been announced of Seyi Bickersteth, a former chairman of Diamond Bank Board of Directors.

FirstRand expects faster than expected economic recovery

The Johannesburg-based lender has brought its dividend cover to the bottom end of its long-term range of 1.8 to 2.2 times, according to a statement on Thursday.

The SARB is looking at new bank cards for South Africa

The SARB said that most of unbanked South Africans have no immediate need for a card that can be used overseas.

FNB says ‘green shoots’ evident in customer data

The six months saw strong momentum in FNB’s digital platform strategy, with a record 6 million digitally active customers and the transacting base on the FNB App exceeded 3.9 million for the first time.

E-commerce and the dangerous rise of screen scraping

Bank customers are unwittingly giving their login details and information to unauthenticated third-parties

Absa introduces digital account opening

This is another way Absa is finding innovative ways of doing business with our customers in mind.

FBNQuest Raises Target Price of Zenith Bank on Improved Results

The analysts explained that the upgrade to their forecast underpined the 12 per cent upward revision to our 2021 FY earnings per share (EPS) forecast.

EAC pushes to align regional bank with bloc's structure

The group was made up of experts from finance ministries, attorney-generals’ chambers, central banks, the EADB itself and ministries responsible for EAC Affairs.

Retail Banking