Managers of Wealth Africa

DIB Bank Kenya Awarded Best Islamic Bank in Kenya

DIB Bank Kenya’s parent company Dubai Islamic Bank also walked away with five awards including the coveted title of the Best Overall Islamic Bank globally.

Standard Bank: Customers coming off the ‘support’Economy showing signs of recovery.

It also said there were some signs of an economic recovery.

Kenyan banks in big trouble over locust, Covid-19 shocks

Debt relief measures granted to distressed borrowers to mitigate the effects of the Covid-19 pandemic and the subdued loan growth are also expected to dampen profitability.

Egypt Looks South

While the global economy slows, Egyptian banks aim to expand their foothold in Africa and boost intraregional trade.

TymeBank, UAE-based payments firm team up to target SMEs

Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.

Capitec ranked as South Africa’s best-performing bank

The upper reaches of the rankings are now dominated by Egyptian banks, as the north African nation has managed to avoid recession – bucking the global trend.

API economy the next big opportunity for fintechs, banks in Africa

Even if a fintech should have the ear of a big banking client, there are the hurdles of formal agreements, running proofs of concept and addressing concerns about security and licensing.

The DigitalOnly DafriBank To Revolutionize African Banking Services

With its disruptive technology DafriBank aims to push the boundaries in the African banking community to offer top-class digital banking services that will help many companies uncover the real value of their businesses.

Standard Bank lending to fossil fuel industries stands at $4 billion

The bank’s climate-related financial exposures report gives the fullest picture yet of its lending to fossil fuel industries.

BoA named Top Performer CSR 2020

BoA, distinguished for the 7th year in a row, improved its score compared to 2019.

First Bank CEO appointed into Bretton Woods Committee

First Bank CEO has been honoured with membership of Bretton Woods Committee (BWC).

Equity ranks position 7 in the list of top 10 banks in Africa

The impressive performance registered during an interest capping period was driven by a 23% growth in loan book to Ksh.366.4 billion from Ksh.297.2 billion in 2018.

Capitec customers can now buy shares through its banking app

Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.

Banks forecast private credit growth slowing to 6.9 percent

Large banks’ (tier one) had a loan book of Sh2.332 trillion by end of June, equivalent to 80 percent of the entire banking sector’s loan book—meaning they effectively control the formal credit market.

Africa’s Biggest Bank Is Bulking Up to Fend Off Fintech Rivals

Lender to continue high IT spend to keep up with competitors

Zimbabwe's debt stifling its economy

This has pushed Zimbabwe's external debt to $4.8 billion.

Choppies owed banks, suppliers Sh1.2bn on exit

The Botswana owners have also committed to personally pay 72 million Botswana Pula (Sh681 million) if further Kenya debts materialise.

Banks assist 84% of South Africans who applied for financial assistance

Basa collects data on credit agreements between banks and their customers.

Equity Bank makes to top 10 best lenders in Africa

The lender was ranked position 52 and 54 in 2018 and last year respectively

PostBank Unveils Campaign To Boost Digital Banking & Safety Among Customers

COVID-19 is a global pandemic brought about by the coronavirus which has killed over 1 million people and spread to over 30 million people worldwide.

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