Managers of Wealth Africa

SA’s large unlisted retailers resilient while SMEs close doors – property fund

SMEs in urban centres are under pressure, while those in the township and rural centres are faring better in comparison.

UBA: Becoming Depositors’ Favourite

They must have high level of confidence in such a bank and United Bank of Africa Plc has become one of the preferred institutions by depositors.

Fidelity Bank wins Commercial Bank of the Year

As Okonkwo, LAPO founder bag CEO of the Decade Award

UBA wins Best Bank of the Year, International Bank of the Year at BAFI Awards

UBA won the ‘Bank of the Year’ in recognition of UBA’s consistent effort in outperforming its peers using a composite of financial metrics, strategic foresight, execution discipline, world-class governance and global vision.

Nigeria Banks Profits N654.23bn Income from Treasury Bills as Free Money Ends

The yield on Nigeria’s government bond due 2026 fell to 6.7 percent, compared with more than 14 percent a year ago.

Global Retail Banking Innovation: Bank One bags “Credit Card of the Year” title

Bank One launched the first cashback credit cards in Mauritius back in 2019

COVID-19: FirstBank launches next-generation ATM, spearheads innovation in electronic banking in Nigeria

By using one’s phone, the transaction is carried out – in advance – through the Bank’s USSD or mobile banking option.

Standard Bank Nine-Month EPS Falls 39%

Standard Bank said it still hasn't made a decision on whether to pay a final dividend this year.

Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions

The results were compiled by THISDAY from their respective nine-month reports for the period, which the banks presented to the Nigerian Stock Exchange (NSE).

South African banks welcome global award on forex

The winners were selected from 122 countries and districts globally using criteria which included transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Standard Bank points to ‘pockets of pressure’ in personal & business banking unit

Across most of the countries in which the group operates in sub-Saharan Africa, infection rates and lockdowns have moderated, and economic activity has recovered.

KCB grosses $10b in assets, eyes buyouts in DRC, Et

Last year, KCB Group acquired the struggling state-owned National Bank of Kenya (NBK) and took over the good assets of Imperial Bank which was put under receivership by the Central Bank of Kenya on October 13, 2015.

Women account for 30pc of Stanbic first-time mortgages

The CBK data shows that mortgages recorded the highest growth in non-performing loans last year from Sh27.2 billion in 2017, reflecting the struggle by investors to find buyers for their houses amid dwindling returns.

NCBA posts Sh2.5bn nine months net profit

NCBA net interest income during the review period was at Sh16.96 billion as net loans and advances to customers closed at Sh249.69 billion.

SA Reserve Bank warns consumers about using EFT online payments

Instant EFT payments use a method called ‘screen scraping’, which makes it possible for third parties to access bank account data and automate actions on behalf of a consumer using that consumer’s online banking access credentials.

Kenyan bank signs deal to acquire businesses in Rwanda, Tanzania

KCB Group CEO and MD Joshua Oigara said the deal will support the bank’s business growth in the post COVID-19 macroeconomic recovery.

One SA unit trust would have almost doubled your money in a year. Here are the best, worst funds

South Africa’s top retail unit trust over the past year was the IP Global Momentum Equity Fund.

Nigeria’s Big Five Banks Report 2.4% Profit Growth In Nine Months

Nigerian Minister for Finance, Budget and Planning, Zainab Ahmed on 21st May gave an indication of what is currently manifesting in her report to the National Economic Committee (NEC).

Absa launches new business account for startups

The account also allows entrepreneurs to generate a VAT report to assist them in filing returns to the South African Revenue Service.

SA banks to see limited fallout from debt downgrades

Bank ratings are capped at the level of the sovereign, which means the likes of Standard Bank Group Ltd. and FirstRand Ltd. will see their ratings fall.