09/14/2016
Foreign banks tighten screws on Zim
Local banks have partnerships with international banks, which were used for foreign payments by customers wanting to buy products outside the country.
Investment Banking
09/14/2016
EU unveils plan to boost investment in Africa and the EU’s Neighbourhood
This will contribute to implementing the 2030 Agenda on Sustainable Development Goals and the Addis Agenda on Financing for Development.
09/12/2016
Access bank sees strong trade finance growth through Dubai
Nigeria and Sub-Saharan Africa has huge potential despite the current economic slowdown
09/09/2016
Futuregrowth Stands by Loan Freeze to S. Africa State Firms
The government and the ruling party criticized the decision. Insurer Old Mutual Plc, which owns Cape Town-based Futuregrowth, said it wasn’t notified beforehand and that the move didn’t represent the position of the rest of the company.
09/09/2016
Standard Bank signs up New Development Bank
Membership of the bank will be open to member countries of the United Nations over time.
09/08/2016
Reserve Bank to Increase South Africa 2016 Growth Forecast
The central bank said in July the economy won’t expand at all this year.
09/07/2016
Junk means a spike in bad debt, bank warns
Business leaders needed to directly engage with the government and lawmakers to push for the right policies which would encourage growth, he said.
09/05/2016
Barclays Africa sale said to stall as two Approaches falter
Investors are struggling to raise financing.
09/05/2016
Recession: How far can banks go with IPOs?
The bank was issuing local currency bonds after scrapping plans last year to issue a $100m seven-year dollar bond because of currency risks.
09/05/2016
Stanbic, Chinese bank cement ties
SBSA and NDB aim to take advantage of this cooperation agreement to support their respective clients as they grow their business in Africa and other emerging countries.
09/02/2016
Danish bank becomes second money manager to stop lending to Eskom
The government said last week that Zuma will lead a new panel to oversee all state-owned companies
09/01/2016
Standard Bank signs strategic agreement with New Development Bank
The new non-exclusive general business cooperation agreement will seek to foster closer cooperation between both banks, ranging from information exchange to investment banking.
09/01/2016
S. Africa’s Biggest Debt Manager Halts Loans to State Firms
The decision won’t immediately affect lending to the government and other state bodies such as water boards and municipalities.
08/30/2016
Banks lukewarm as SAA seeks proposals to reorganise debt
Standard Bank declined to comment because SAA is a client.
08/30/2016
Societé Generalé supports rehabilitation of Ghana’s foreign missions
Apart from the agreement, the bank revealed that between 2009 and 2016, it dedicated $600 million to finance various projects undertaken by the government.
08/30/2016
Japan’s three biggest banks seeking business expansion in Africa
The loan agreement is designed to encourage African firms to import machinery products from Japanese companies.
08/25/2016
African Development Bank backs integration of capital markets
To bolster cooperation among their stock exchanges
08/23/2016
Chase sells subsidiary to support bank’s capitalisation
He however, could not reveal what the transaction price was, citing that the sale was a private transfer and that the details could only be sanctioned by the Capital Markets Authority.
08/22/2016
A UAE merger play that can set precedents
As a statutory coming together, the NBAD-FGB deal sets the bar high
08/19/2016
Kenya: Stanchart Opts for Less Risky Lending to the Government
The bank reported a profit of Sh5.2 billion in the six months ended June, up from Sh3.8 billion in a similar period last year.