Managers of Wealth Africa

QNB Group and Mastercard undertake first successful international payment transaction in Sudan

The first successful international prepaid card transaction was performed on 14 June 2020

Stanchart Ramps Up Tech Banking WithWallet-To-Bank

Standard Chartered Bank Botswana has launched Botswana’s first Wallet-to-Bank service.

International Banker 2020 Middle East & Africa Awards Winners

Moody’s recently affirmed the ratings and assessments of 11 banks in Saudi Arabia.

Ecobank Partners African Union

AUDA-NEPAD Chief Executive Officer, Dr. Ibrahim Assane Mayaki, commended the contribution of all financial institutions, development partners and other stakeholders who participated in designing the, “100,000 MSMEs by 2021,” programme.

African Development Bank COVID-19 response: moving from commitment to action

As of June 12, the Bank’s COVID-19 emergency packages have reached the continent’s five geographic regions

Standard Chartered Bank honors five women in tech start-ups

The five winner were selected from a group of 180 companies which competed for the top prize.

Unity Bank posts N44.5 billion as gross earnings in 2019

The Bank had embarked on several cost minimization initiatives that have continued to yield positive results.

Tanzania’s TPB stronger from latest bank merger

In May 2018, TPB Bank took over the former Twiga Bancorp and, three months later (August 2018), it did the same with the Tanzania Women’s Bank (TWB).

Zenith leads as Banks defy COVID-19, post increased profits in Q1

Zenith Bank recorded the most profit after tax during the period with N50.5 billion.

South African banks at risk of deepest profit slump in 50 years

Standard Bank Group reported its sole annual-profit decline in 2010 in the wake of the global financial crisis, while FirstRand Ltd.’s earnings shrank in 2008 and 2009.

Absa says separation programme from Barclays almost complete

The financial service provider said that a total of 270 projects have been delivered as part of the separation programme

AfreximBank may extend facilities to local banks

The facilities aim to help the banks boost their foreign exchange liquidity

South African Banks at Risk of Deepest Profit Slump in 50 Years

Standard Bank Group reported its sole annual-profit decline in 2010 in the wake of the global financial crisis, while FirstRand Ltd.’s earnings shrank in 2008 and 2009.

Covid-19 shock dims earnings prospects for EA banks for 2020

“Banks will remain sceptical on lending (especially to retail and SMEs). Expect them to put cash in government securities but that cannot guarantee 100 per cent absorption of new deposits,” said Eric Munywoki, a financial analyst at Goodson Ca

Absa puts growth on hold to preserve cash

Absa is not the only company to put a damper on growth ambitions in the interest of preserving capital.

SA cashless payments startup Sticitt raises $249k funding

Sticitt has taken in two batches of funding in 2020 to cover operational expenses of its current market rollouts, which include the launch of its Sticitt Terminal application, allowing its merchants to accept tap or scan-to-pay payments.

Citi defies coronavirus with Western European corporate lending push

The 15 offices are predominantly in central and eastern Europe including Poland, Turkey and Russia.

Sipho Pityana appointed as Absa lead independent director

Absa also announced that former PwC Africa's chief operating officer, Fulvio Tonelli, will join the group as a non-independent non-executive director from 1 July 2020.

Virus Wipes 20% Off Income of South African Bank’s Customers

Banks have all extended relief to clients to help shore up their cash flows

Africa’s Largest Bank Is Getting Sucked Into A Pandemic-Shaped Hole

The decline may have been expected as the disruptions to finances and financial services, since the COVID-19 outbreak, have been quite significant.

Retail Banking