Managers of Wealth Africa

Banks’ ten-month profit falls Sh41bn on Covid shocks

The drop in profitability thins the chances of dividend payouts for shareholders next year.

Banks are pivotal to success of AfCFTA

According to Mr Akinwuntan, “Nigeria banks have strong capital and their operating synergies have been tremendous for the past five years particularly in the digital banking space."

Absa named best retail bank in Africa

The accolade also encompassed Absa’s role in driving financial inclusion across the continent.

Africa’s banks reacted well to Covid-19 — long may it continue

A fast-tracked move to digitalisation, and understanding that banks and their customers' behaviours are irrevisibly changed, means there is no time for banking to drop the ball now

Sahel Group of Five - African Development Bank Approves Program to Expand Solar Energy Generation Under Desert-to-Power Scheme

The approval follows the fourth Africa Energy Market Place (AEMP) event held by the Bank.

Access Bank Nigeria Plc spent N9.34 billion on CSR in 2019

The sum of N9.34billion was spent by Access Bank on Corporate Social Responsibility in 2029, according to the bank’s report.

Co-op Bank ventures into global money transfer deal

The deal will see Co-op Bank customers send money to a foreign bank account or mobile number.

Here’s how much the average South African owes on their credit card

Serious-level delinquencies – accounts three or more payments past due – increased across all major consumer credit categories as consumers continued to experience financial stress.

Absa Group and its CEO Win Big at the Global Brands Magazine Awards 2020

The Global Brand Awards is an annual event held by Global Brands Magazine

Early debit orders in December draw fire – but SA banks say it’s ‘standard practice’

South African banks have come under fire for processing debit orders earlier than usual in December.

African Development Bank and 11 MDB’s to Launch Report on Financing the Sustainable Development Goals

It showcases examples of how their financing directly contributes to advancing SDGs that empower people, protect the planet, foster prosperity for all, and develop sustainable quality infrastructure.

Nedbank’s adapt-or-die approach pays off

The impact of the Covid-19 pandemic has resulted in a tilt in our strategic focus since the lockdown started towards the end of March.

Afreximbank Lists Eight Nigerian Banks among Trade Finance Intermediary Initiative

It explained that in line with its charter and mandate, Afreximbank delivers its products and services with and through central banks, commercial banks and other eligible bank and non-bank financial institutions.

Co-operative Bank of Kenya partners with Thunes to rollout Co-opRemit - a New Global Money Transfer Solution

Co-opRemit streamlines the process of real-time money transfers particularly within Africa

Intra-Africa trade key to cushioning the blow of trade tensions and external shocks, says Afreximbank

Africa’s share of global trade was 2.7% in 2019, below the 4% figure of the 1970s

Access Bank : Recognized as the 'Best Digital Bank In Africa' 2020

This award serves as an encouragement for us to consolidate our efforts towards becoming a truly digitally-led bank.

Treasury plans Sh100bn SME loans cover entity

This scheme will ultimately be anchored in a private company owned jointly by banks and government.

KCB, Kiambu ink Sh1.3bn youth firms financing deal

More than 5,000 Kiambu residents are expected to benefit from the financing deal.

Co-operative Bank of Kenya partners with Thunes to rollout Co-opRemit - a New Global Money Transfer Solution

Customers may send money directly to a foreign bank account or mobile number, and money transfers through this platform will bear no extra charge beyond the tariff thus offering full transparency on forex fees.

Kenyan banking industry’s outlook positive despite pandemic

Kenya’s banking industry is expected to remain stable and resilient despite the negative effects of the COVID-19 pandemic, according to a new central bank report released on Friday.

Retail Banking