Managers of Wealth Africa

R180,000 per day! This is how much new Absa CEO Kenny Fihla earned at Standard Bank as a Number 2

He has reportedly been put on ‘gardening leave’ for the remainder of his tenure at Standard Bank.

South African lender Absa forecasts mid-single digit revenue growth

Some of Absa's most sensitive retail and small business customers found relief as inflationary pressures eased, interest rates fell and power blackouts became less frequent.

South African banking CEO kisses R60 million goodbye

In September 2016, Quinn became Absa’s group financial director, a position he held until he departed from the banking group.

Relief for Absa customers in South Africa

East Africa continued to perform well, while Zambia and Mozambique were hit by drought and unrest, respectively.

FirstBank unveils dollar fund for female employees

This is yet another opportunity for women to build a steady stream of income and invest, following the immense success of the first Women Network note that was launched in 2022.

FirstRand profit jumps 10% as fee growth dulls rate-cut impact

Net income increased to R20.9bn in the six months through December.

Airtel, Mastercard unveil new card to boost digital payments

Airtel said customers can activate the virtual card, load funds from their Airtel Money wallets, and start making payments without the need for additional documentation or registration.

How much you would have if you invested R10,000 in Absa, Capitec, Nedbank, and Investec in 2015

This forced the South African Reserve Bank (SARB) to increase interest rates dramatically in a bid to reduce inflation.

Nedbank Group Reports Strong Earnings Growth for 2024

Looking ahead, Nedbank Group remains cautiously optimistic about the South African economic environment

Commercial Bank of Ethiopia Revises Loan Interest Rates

The CBE has indicated that the interest rate adjustments are part of ongoing efforts to optimize credit accessibility while maintaining financial sustainability.

Ghana’s top 4 banks maintain strong Tier 1 capital positions

Their ability to navigate currency fluctuations and macroeconomic challenges have been critical in sustaining confidence in the financial sector.

All commercial banks are now integrated for Form ‘M’ openings — Customs

This collaboration aims to streamline trade documentation processes, enhance revenue collection, and improve overall efficiency in trade-related transactions.

The Ecobank Group expands its gender-financing offer to facilitate access to financing for Africa’s women entrepreneurs

These improvements strengthen Ecobank’s commitment to women-owned, women-led, and women-focused businesses, while reinforcing its market competitiveness.

Nedbank as you know it is changing

Nedbank CEO Jason Quinn said that the operating environment in South Africa remained challenging in 2024

Major bank in South Africa ‘discontinued’

The remaining Financial Services short-term insurance businesses were transferred to the group’s Automotive segment.

Fidelity Bank Wins Excellence in SME Banking Award at 2025 Innovation & Excellence Awards

At the heart of Fidelity Bank’s success is its comprehensive approach to supporting SMEs.

Unity Bank Records N59.36bn Gross Earning, N472.5bn Total Assets

In its audited financials submitted to the Nigerian Exchange Limited (NGX), Unity Bank also witnessed improvements across key performance indicators

Major retailer closing stores in South Africa

The group described the trading environment as “challenging”, noting lower sales due to constrained consumer spending in all regions.

All bank accounts and mobile wallets within Africa should be interoperable — Experts

Financial institutions are often required to obtain licenses in each African country where they operate and store customer data locally—an impractical requirement for most businesses.

FNB fraud warning

Although the bank has seen a slight decline in reported fraud cases, the risk remains high as fraudsters continue to adapt to new technologies.

Retail Banking