Managers of Wealth Africa

TymeBank tiptoes into lending

After Covid-19 scuppers plan to launch unsecured loans.

Access Bank Commences Accelerator Program, to Empower Startups

The accelerator program which opened its entries last month, received 306 registrations and after rigorous assessments was later shortlisted to 30 participants.

Access Bank, Lagos partner on soft loans for female entrepre

This means applications from non- indigenes who are resident in Lagos and own at least 50 per cent ownership in either start-ups, micro enterprises, or small and medium enterprises will be accepted for consideration.

T-bills fall by Sh102bn in a year

This has heralded issuance of longer dated Treasury bonds, raising the average period to maturity to 8.5 years in January from 7.96 years a year earlier, and 7.09 years in January 2019.

Banks' fossil fuel exposure criticized as South Africa plans 'just transition'

Absa and Nedbank declined to comment, while FirstRand and Standard Bank did not respond to questions from S&P Global Market Intelligence.

BankservAfrica selects TCS BaNCS' to drive South Africa's rapid payments program

Tata Consultancy Services' Market-leading Clearing Product to Support South Africa's National Initiative for a Modern and Scalable Central Payments Infrastructure that Enables Real-time Retail Payments

Uganda central bank holds key lending rate, says economy has lost momentum

The bank said"The economic upturn is proceeding at an uneven pace" as anti-coronavirus measures continue to weigh on economic activities like education, hospitality and tourism.

Bank dollar deposits up by record Sh129 billion

Kenya’s wealthy also tend to boost the value of their money in dollars when anticipating rough economic tides like now due to the effects of the coronavirus pandemic.

Banks and telcos must partner for greater financial inclusion

As a result, banking today is radically different from what it was at the turn of the millennium, making it a lot more convenient thanks to innovative platforms such as M-Pesa by Safaricom.

Africa’s most politically powerful bankers: Hott, Kooli and Ofori-Atta

It seems like more bankers are getting into politics in Africa.

Customers using Absa branches fall by 40pc

In 2017, the Absa Bank had instituted a massive restructuring that saw seven branches closed including two main banks in Nairobi CBD.

Two South African banks recognised among best in world

The industry has seen a dramatic downturn in the past two years when compared with previous year-on-year performance.

Standard Bank keen to raise Angolan stake after partner jailed

Angola is among the top six contributors to Standard Bank’s earnings from operations on the continent outside of South Africa.

Kenyan Banks Seen Facing More Bad-Loan Woes Than Nigerian Peers

Banks in Kenya are more exposed to small- and medium-sized companies as well as retail businesses

Two South African banks included on list of top banks in the world

Do you bank with either of the two banks on the international list?

Chinese financial services solidifies partnership with local bank

The objective of Post Bank Uganda with this is to deepen financial accessibility in the most affordable way possible, thanks to products such as UnionPay post card which allows the bank dream to take shape.

Ecobank to Raise $300m from International Debt Market

The group disclosed that the Central Bank of Nigeria has confirmed that it has no objection to the transaction, adding that the transaction is subject to prevailing market conditions and the conclusion of the necessary documentation.

Wema Bank Introduces ‘945’ Promo

The bank said its two-week long love campaign on social media had been , slated for February 5th to 18th, 2021

Rich Kenyans triple dollar deposits in pandemic era

The huge dollar deposits in the midst of economic turmoil show that businesses and wealthy Kenyans sought a safe haven for their wealth in the wake of uncertainty.

M-Pesa revenues recover after charges reinstated

Kenya and other markets also allowed M-Pesa charges to resume in January, brightening the outlook for the financial platform’s revenue growth.

Retail Banking