02/15/2016
Cadiz boss banking on value trend
Most of the loss of assets was on the back of the poor performance generated from the previous team’s investment in African Bank
ESG
01/29/2016
Tanzania: People's Bank of Zanzibar Profit Surges 50 Percent
The bank, established five decades ago, posted a net profit of 11.14bn/- for the year ending December 2015, from 7.13bn/- of same period 2014.
01/25/2016
Southern Africa records growth in merger and acquisition deals
The latest report this week by Thomson Reuters declared that the outbound merger and acquisition year-on-year growth figures for 2015 are “the highest annual period in any given year.”
01/20/2016
FCMB Anticipates Lower Profit for Third Quarter of 2015
The audited results will be released on the Nigerian Stock Exchange and to the investment community upon conclusion of KPMG’s audit
01/07/2016
Old Mutual shines as Sanlam fades
OLD Mutual strongly outperformed rival Sanlam last year
12/21/2015
Ecobank profits down five percent
In the period under review, the group’s profit before tax stood at $398 million down two percent from $408 million recorded in the corresponding nine months.
12/20/2015
Investments in new services and innovation drive KPMG's Global growth
Investments in new services, acquisitions and strong growth across core services drive fiscal year (FY) revenues of US$24.44 billion Multi-year, US$1billion investment program in data and analytics (D&A) and new technologies continues, driving enhance
12/11/2015
South Africa Banks Extend Plunge as Zuma Turmoil Drives Up Costs
Barclays Africa Group Ltd. slumped as much as 19 percent, the most since January 2002.
12/10/2015
S. Africa Banks Fall by Most Since 2008 on Nene Firing Shock
Zuma late Wednesday removed Nene from his post after 19 months
12/10/2015
Market Report: Old Mutual and Investec investors spooked after Zuma sacks South Africa's finance minister
The decision to sack Nene now is perplexing for the mining industry, which accounts for a fifth of South Africa’s GDP.
12/08/2015
The race to move assets out of SA
Pessimism about the nation’s political and economic environment and the rand’s decline has created a negative feedback loop
12/08/2015
African Bank's loss narrows, "good bank" launch set for April
Abil de-listed from the Johannesburg Stock Exchange last year.
11/30/2015
Kenya: Standard Chartered Bank Issues Profit Warning for Year 2015
The bank attributes the drop in net earnings to rise in Non Performing Loans
11/30/2015
Nigerian banks record 10% assets growth despite distress alarm
Loan & advances to customers and customers’ deposits; two major influences of a banks’ total assets contributed an average of 49 per cent and 68.8 per cent in total assets of ETI respectively.
11/19/2015
Investec beats guidance despite falling rand
The rand has lost 20 per cent of its value against the British pound in the last year.
11/19/2015
South Africa's central bank raises rates, cites inflation
The bank raised lending rates by 25 basis points to 6.25 percent after increasing them the same amount in July.
11/17/2015
Chase Bank Kenya profit up 29 percent to reach Sh3.2 billion
The partnerships include a Public Private Partnership with Rabo Bank
11/15/2015
14 banks earn N2.6trn in nine months
The delay according to the bank is as a result of the commencement of the interim audit of First City Monument Bank as at 30 September, 2015, by KPMG, the bank’s auditors.
11/09/2015
AngloGold Makes Third-Quarter Loss as Metal's Price Falls 5.8%
AngloGold Ashanti Ltd. climbed the most in two months after the world’s third-biggest bullion miner said third-quarter production costs and output beat its forecasts.
11/08/2015
Banks reel under economic mess
The trend is expected to continue with the other banks that are expected to release their financial statements from now till the end of November.