06/16/2016
FBN Capital to boost investment banking
FBN Capital, the investment banking and asset management subsidiary of FBN Holdings Plc, was recognised for consistent and outstanding performance by three financial awards institutions.
Investment Banking
06/16/2016
Rwandan Tobacco Millionaire Tribert Rujigiro Sues Kenyan Investment Bank For $570,000
In 2008, Rujigiro purchased 8.8 million shares in Safaricom through Dyer & Blair for Ksh 61.4 million, which at the time was equivalent to $1 million.
06/13/2016
Government to Allocate TZS100b to Tanzania Investment Bank Group in 2016–2017
The TIB Group is comprised of – TIB Development Bank, TIB Corporate Finance, and TIB Rasilimali.
06/08/2016
GN Bank Liberia Limited Pledges Excellence Banking Service
We pledge to serve with discipline and enthusiasm”, the bank stated.
06/07/2016
FBN Holdings: Still Profitable Against All Odds
The bank succeeded in improving its gross earnings against the tide of very harsh operating environment as driven by increased interest income on loans to customers
06/05/2016
NIB’s profit grows by 51.28 percent
The National Investment Bank’s profit after tax for the year 2015 grew from GH₵ 79.39 million in 2014 to GH₵120.11 million
06/03/2016
Standard Bank Launches New Insurance Product
Standard Bank Chief Executive Phil Mnisi said the product covered family members, spouses and other dependants.
05/30/2016
Zambia: AfDB to Curb Illicit Financial Flows
Dr Adesina said that over US$50 billion was being siphoned out of Africa through tax avoidance and evasion.
05/23/2016
PIC considers black consortium for Barclays Africa
Barclays Africa is one of the big four banks that dominate South Africa’s financial sector.
05/18/2016
Barclays Africa division weighs joint venture with Barclays plc
Barclays Africa has also informed its parent that it would like to include a sale of shares to black investors as part of the exit plan, Lucas-Bull said.
05/18/2016
Portuguese company partners Russian bank to support investors in Mozambique
Dominio Capital is a finance, business and investment company focused on Portuguese-speaking countries.
05/17/2016
Ministers meet with Standard Bank over Guptas
Business Day said that the meeting took place two weeks ago and involved explanation from the bank on the regulatory requirements to report suspicious transactions.
05/16/2016
Barclays Africa Said To Attract Abraaj-led Group For Stake
Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays’s African unit
05/16/2016
Chase Bank resumes forex and RTG services
The restoration of these services, with the support of receiver manager Kenya Commercial Bank appointed by Kenya Deposit Insurance Corporation, marks yet another milestone for Chase Bank as it embarks on a phased implementation plan to normalise its opera
05/13/2016
African Bank directors failed, business was reckless – Myburgh report
Submitted to the registrar of banks, René van Wyk in February 2015, Myburgh’s report was made public on Thursday at market close.
05/11/2016
Swiss, Russian banks blamed for catastrophic ‘iceberg of debt’ in Mozambique
Instead of creating jobs, raking in hard currency and providing a cheap source of protein in this low-wage country, they represent billions in loans to be repaid no matter the social costs.
05/09/2016
Bob Diamond Says Atlas Mara Close to Buying Another African Bank
The target is in one of seven African countries where Atlas Mara already owns a lender, Diamond said at the London Business School’s Africa Business Summit on Saturday.
05/09/2016
Ten banks pay 143 directors N7.6bn in 2015
The amount paid to the directors represents 1.58 percent of the profit before tax of the ten banks, which stood at N480 billion in 2015.
05/09/2016
African Banker Awards 2016 will be held in Zambia
The awards were launched to reflect the rapid growth and modernisation of the banking and financial services sector in Africa.
05/09/2016
More to an executive’s pay package than meets the eye
The issue is more complex than that, as each of the four banks award shares that vest over a lengthy period, some within a year, others in three years.