Managers of Wealth Africa

SA forecast to lose 1.5 million jobs

With 6.5 million jobs shed in nine months of 2020 – peaking during the hard lockdown – some sectors were expected to bounce back faster than others.

Moody’s Investor Service affirms African Development Bank’s AAA credit rating

The ‘AAA’ rating from Moody’s follows earlier affirmations of the ‘AAA’ rating of the Bank, with stable outlook, by the other leading rating agencies

Credit Bank named best SME, mobile banking lender in Kenya

This was at the global International Business Magazine Awards 2020

UBA Unveils Digital Products to Drive Retail Banking

Altraide added that already, over 50,000 people have benefited from the facility, noting that customers can access up to US$1,000 to 5,000 in a matter of seconds.

Zambia on the brink of defaulting on foreign debt

If Zambia does default it would become Africa’s first country to default on sovereign debt since the coronavirus pandemic.

African Digital Banks Make Money Moves Despite Challenge Before Challengers

Beyond that, the bank also assists its customers in making better financial decisions through proper financial planning, like budgeting.

‘Technology, Innovation Will Drive Nigeria’s Banking Sector Post-COVID’

Bajomo appreciated the outgoing president, Dr Segun Aina and the governing committee of the association “for the remarkable accomplishments during the last two years.

Firstbank's Wins Global Finance 2020 Best Mobile Bank App

Only recently, Global Business Outlook awarded FirstMobile with the 2019 Best Mobile Banking App.

Banks get risk-shy, engage agents

Similar to the days marketers were given bogus targets, the agents are now handed targets with mouth-watering bonuses attached.

Nedbank committed to rebuilding Namibia’s economy

Hansen noted that value addition of hotels and restaurants shrunk by almost two-thirds (64.2%) in the second quarter, while transport services dropped by 30.4%.

Ecobank Group shows its commitment towards Better Health

Ecobank has partnered with the NCD Alliance (NCDAlliance.org), a Geneva-based global civil network dedicated to preventing NCDs all around the world.

The banks South African consumers will most likely choose after a bad experience

The net index score is determined by subtracting negative sentiment from positive sentiment.

Following lengthy acquisition process, South Africa’s Mercantile Bank now a division of Capitec

Mercantile Bank, where many FX brokers in South Africa hold their business accounts, has completed its acquisition by Capitec

Ecobank named “Best Retail Bank in Nigeria 2020” – Asian Banker Awards

Asian Banker has announced Ecobank Nigeria as the Best Retail Bank in Nigeria.

Access Bank unveils Kenyan operations after Transnational takeover

The lender seeks to contribute to Kenya’s very own economic prospects as it trails its eyes on agriculture a niche for commercial lending.

I&M Holdings Ltd set to buy 90% share capital of Orient Bank

The deal will add to I&M’s regional banking operations comprising Kenya, Rwanda, Tanzania and Mauritius.

'Alarming' findings for banks, with just one scoring well in sentiment index

Financial institutions: ignore your customers on social media at your peril

Kuda Bank: Changing the face of banking for the millennial

Kuda Bank’s model saves conventional banks the heavy cost of running network branches, further translating into free banking services for customers.

Cheque payments recover from second quarter fall after economy reopening

The volume of cheques cleared at the Automated Clearing House under the Kenya Bankers Association (KBA) was slightly more than 3.62 million, a 17.75 percent rise from nearly 3.1 million in April-June period.

FCMB Named ‘Best SME Bank in Africa’

In the survey, we also asked customers to rate how well their main Banks have helped them during the crisis.