Managers of Wealth Africa

‘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.”

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