06/10/2019
Barclays Ghana SME clinics benefit over 300 small businesses
Participating clients were extensively engaged by experts from the bank and an external resource person from the Ghana Freight Forwarders Executive Committee.
Investment Banking
06/06/2019
Barclays sounds the alarm on banking overregulation
Banks have witnessed heightened scrutiny, backed by new regulations under the reign of Central Bank of Kenya Governor Patrick Njoroge.
06/05/2019
Rwanda’s BK Group becomes billion-dollar company
Total assets increased by 20.2 per cent compared with the same time last year growing to Rwf907.8 billion ($1 billion), making it Rwanda’s first billion-dollar company.
06/05/2019
Absa puts climate change on the agenda
Absa chair Wendy Lucas-Bull announces the group’s intention to begin investing substantial resources in understanding climate change
06/04/2019
Barclays ‘spent Sh479m to lay off workers in 2018’
From having 6,900 employees in 2007, Barclays’ headcount has been falling over the years as digitisation programmes and search for increased efficiency took shape in a sector defined by cut-throat competition.
05/23/2019
GCB to start investment banking
GCB has cut 300 of the 850 staff it took over in August 2017 from now-defunct UT Bank Ltd. and Capital Bank Ltd. and another 120 will leave this year, the MD said. The lender has 2,300 staff and 180 branches.
05/17/2019
Barclays “Ultimate Account” Adjudged Best In West Africa
“The Barclays Ultimate Account enables its customers to pay a monthly bundled fee to cover all account transactions.
05/16/2019
Goldman Sachs’ big, big bet on South Africa
Ramaphosa made reference to this in his 2018 State of the Nation address.
05/15/2019
Goldman Partners With Investec in African Capital-Markets Push
The lender is partnering with Investec on equity trading
05/15/2019
The contradictions of African banking
David Hodnett, deputy chief executive at the time, maintained that senior leadership at Barclays Africa Group Limited (BAGL) was kept in more or less the dark about the announcement.
05/15/2019
The contradictions of African banking
The continent is trying to force financial inclusion at a time when international banks are leaving. It is a hotbed of innovation but still lacks essential infrastructure. So how should we look at banking in a modern Africa?
05/14/2019
Stanbic IBTC Bank Partners Junior Achievement Nigeria On Financial Literacy
Stanbic IBTC Bank PLC, Chief Executive, Dr. Demola Sogunle, also shared the bank’s commitment to support and strengthen the Nigerian community through financial education, leadership, health, environment, and charitable conditions.
05/12/2019
Dubai's Nimai Capital's Dh550.5m fund to invest in Asia, Africa
The Fund will be regulated by the Cayman Islands Monetary Authority.
05/02/2019
Barclays Kenya replaces KPMG after two years
The decision mirrors that of its parent company Absa group which last year offloaded KPMG in the wake of the South African Auditor-General’s office also terminating its services.
04/25/2019
Standard Bank experiences difficult domestic operating environment
Standard has to provide certain information periodically to the ICBC, so that the ICBC can equity account the group’s results.
04/17/2019
Citi Expands ETF Servicing Capabilities in EMEA
The launch of Citi’s ACES platform highlights our commitment to continuously strengthen our offering and support our clients’ ETF needs holistically across products and geographies.
04/16/2019
FBNQuest Merchant Bank Awarded Best Sukuk House
The Best African Sukuk HouseAwardadds to a growing portfolio of awards won by FBNQuestMerchant Bank at the EMEA Finance.
04/12/2019
Investment banks record Heavy fall in revenues in Q1, 2019
In the region, listings fell heavily to $1.1 billion out of which $1 billion was made of extra investments.
04/12/2019
Further details on Absa Group-Société Générale partnership to be available by Q2, 2019
The South African group Absa plans to expand activities in Africa with Nigeria as target and Egypt and Angola as potential targets.
04/10/2019
Absa sees Nigeria expansion plan ready for second half
Absa has a representative office and securities licence in Nigeria, but needs to up the ante in one of Africa’s most promising banking markets in order to meet its ambitions.