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10 largest banks in Africa based on asset size

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Interestingly, not only does Africa have a lesser number of commercial banks compared to other continents —Asia has at least 1,900, the EU has about 6,000 and the USA alone has more than 4,000 —African banks also have significantly lower valuations compared to their foreign counterparts.

But this is not to say that all the banks in Africa have low valuations. As you will see shortly, some African banks have total assets valued at over $100 billion. Assets basically include all the properties, cash, account receivables and other valuable resources owned by corporations such as banks.

Before we go ahead and unveil the list, it’s important to mention that this information was sourced from Statista, a leading global provider of markets and consumer data.

Below are Africa’s largest banks by asset size, comprised mostly of South African and North African banks.

  1. Standard Bank (Stanbank) Group: At $172.9 billion, this South African bank has the largest asset size in Africa.
  2. National Bank of Egypt: This Egyptian bank’s total asset size is valued at $124.9 billion.
  3. Absa Bank: This is another South African bank and it has a total asset size of $87.8 billion.
  4. FirstRand: The third South African bank on the top 10 list has a total asset size of $81.9 billion.
  5. Nedbank Group: This South African bank has a total asset size of $78.6 billion.
  6. Attijariwafa Bank: This Moroccan bank has a total asset size of $63.8 billion.
  7. Banque Misr: This Egyptian bank has a total asset size of $57.9 billion.
  8. Banque Centrale Populair: This is a Moroccan bank and it has an asset size of $49.9 billion.
  9. BMCE Bank Group: This is yet another Moroccan bank and it has an asset size of $37.3 billion.
  10. Investec Bank: Lastly, we have South Africa’s Investec Bank which has an asset size of $29.9 billion.



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Osinachi doesn’t sing ‘Ekweme’ at night from the mortuary; Hospital debunks claim

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Despite reports that the morgue attendants have heard her sing mostly at night, the management had refuted the claims.

According to infoguidenigeria.com, the spokesperson for the National Hospital in Abuja said the claims cannot be medically and scientifically proven.

Medically, there is nothing like that; it’s just an imagination of people. Somebody that is dead and is a corpse, how would such a person be singing in the night?

“There is no medical backup to that; it’s an imagination that may be due to the church she attended while alive, and the songs may just be giving people ideas, but there is no proof in any way. It just can’t be proven in any way,” Dr Taiwo Haastrup told journalists.

He added that “Somebody that is dead is dead and has become a corpse; it’s inside a morgue, it can’t sing and can’t move so it’s an imagination of people.

Osinachi sorrowfully died on April 8, 2022, after her husband allegedly kicked her in the chest.

Some news portals first reported that Osinachi died from throat cancer until award-winning gospel artiste, Frank Edwards opened pandora’s box of mysteries surrounding the gospel artiste’s death.

Before Frank Edward’s disclosure, Osinachi was hospitalised for five days before she passed on.

So that unreasonable human being finally put off a shining light”, he said in a social media post to blame her husband for having a hand in her death.



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Govt sets up 3-member committee to find solution to Bulgarian Embassy land saga

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This move comes as an outcome from the meeting between the Bulgarian Ambassador to Nigeria with accreditation to Ghana, Yanko V. Yordanov and the Minister for Lands and Natural Resources, Samuel A. Jinapor in Accra.

The Minister said: “You will recall that Justice Retired Kwasi Anto Ofori-Atta recommended that I use my good offices to find an amicable solution to this issue and this is what has culminated to this meeting with the Bulgarian Ambassador.”

“I look forward to building a relationship that goes way beyond the land matters into discussing bigger issues.”

The Minister expressed his profound gratitude to the Envoy for his leadership, sense of solidarity and corporation and on behalf of the Government and people of Bulgaria.

The Minister also thanked the President for showing tremendous skill and diplomacy in his leadership and his involvement in dealing with the matter.

He assured the Envoy that the desire of the President Akufo-Addo in solving the matter is one that he in his capacity as the Minister for Lands and Natural Resources, will follow through to the letter.

The Bulgarian Ambassador to Ghana, Yanko Yordanov thanked the Minister for Lands and Natural Resources and the President of the Republic for their personal intervention and commitment in resolving the impasse between the Bulgarian Embassy and the Private Developer.

“Bulgaria is thankful to each and every Ghanaian institution, Parliament and especially the Presidency and I’m very hopeful that with the support of these institutions, we will find a lasting solution to this,” he said.



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Gospel musician Joseph Matthew says he’s not a Christian

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In an interview on Hitz FM, the singer said “I am not a Christian, {but} I sing to glorify the name of God and Jesus Christ.”

The ‘Hallelujah’ singer pointed out that Jesus Christ referred to His followers “disciples” and not “Christians.”

In a bid to substantiate his assertions he said, “a Christian is an individual who belongs to a religious group called Christianity.”

Matthew’s point of view has generated debate among social media users. Some support his claims whereas others describe him as “confused.”

Responding to the section that thinks he is disoriented, the singer said “I think we {are} living in a generation where we are seeking the truth. We are tired of being told what to do. Now we can get the scriptures, we can learn it ourselves.

“If you do not understand what I am saying, you can go and google. Don’t take my word for it. If I am telling the lie, the scriptures are there,” he added.

In his most recent song, ‘Blessed,’ released on the April 23, 2022, the singer is heard singing, “God has already blessed me, I don’t need any Holy water on my head.”

The lyrics caused a controversy among many people. They were asking if the ‘Nyame Ye’ hitmaker was taking a swipe at Pastors who are fond of anointing Church members with ‘Holy Water.’



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