12/14/2018
Bank of the Year: JP Morgan
For a time, it seemed as if Goldman (and Morgan Stanley) were on the right side of the argument; and that JP Morgan (and to an even greater extent Citigroup) were on the wrong side.
Investment Banking
12/14/2018
Historic Sukuk by an SA bank as Islamic finance makes sizeable gains
The bank's issuance decision is in line with an escalating international trend
12/11/2018
African Development Bank Lauds Egypt’s Economic Rebound, Partnerships, at Africa 2018 Forum
The Forum successfully convened key private and public stakeholders, and provided an unprecedented platform for effective dialogue to drive investments into the continent.
12/10/2018
Absa: The problem with its revised financial targets …
Everything hinges on a turnaround of its retail bank.
12/07/2018
Société Générale continues its sustainable growth strategy in Africa
SocGen aims for its African operations to achieve a compound annual revenue growth rate of 8 per cent and a profitability of more than 15 per cent by 2020.
12/06/2018
Central African Republic formally joins Afreximbank
Member countries now 50
11/29/2018
Societe Generale continues its sustainable growth strategy in Africa
As announced in its strategic plan, the Group is targeting a compound annual revenue growth rate of 8% and profitability of over 15% by 2020 for its African operations.
11/26/2018
Rand Merchant Bank Nigeria wins Business Day Merchant Bank of the Year Award
Rand Merchant Bank Nigeria have over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, mergers and acquisitions to the funding of various transactions across multiple sectors.
11/26/2018
EIB pledges US$78mn to four companies in Kenya and East Africa
Telkom Kenya Ltd will receive US$39mn loan to increase its 3G and 4G coverage and invest in its Fibre-To-The-Building network, which will dramatically improve services to SMEs and corporate customers.
11/23/2018
Barclays Kenya profit up 2.1% to Ksh5.44 billion, mulls name change to Absa
The Nairobi Securities Exchange listed lender is mulling over the impending name change after its African parent company Barclays Africa changed its name back to Absa in July, after the exit of Britain’s Barclays Plc.
11/23/2018
European Investment Bank (EIB) supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank
Long-term investment to boost private sector’s competitiveness; Increasing access to finance for small and medium sized businesses; At least 25% of financing for climate action.
11/21/2018
European Investment Bank holds a portfolio of over CFA340bn in Cameroon
With its 6 billion m3 capacity, the Lom Pangar is a key infrastructure for the country’s electricity sector.
11/15/2018
Standard Bank layoffs to affect over 500 staff
Standard Bank planned to restructure its IT department due to the introduction of new technologies in the banking sector.
10/30/2018
Barclays Named Botswana’s Best Investment Bank
Barclays Bank of Botswana Limited has been named Botswana’s 'Best Investment Bank Year 2018' by Europe, the Middle East and Africa Finance.
10/12/2018
Kenya, Zambia face bonds refinancing risks as funding conditions tighten
According to the ratings agency, Kenya, which has international bonds of $750 million and a coupon rate of 5.875 percent maturing in June 2019 and another one in 2020, will prove the most exposed to more costly debt financing.
10/12/2018
Sub-Saharan Africa’s investment banking fees hit $369.6m
SSA equity and equity-related issuance is down 43 per cent year-on-year totaling $4.9 billion during the first nine months of 2018.
10/01/2018
Kenya Investment Authority reports an increase in country’s foreign direct investments
Keninvest managing director Moses Ikiara said China and India heavily invested in the country as external global investors whereas South Africa, Mauritius and Nigeria crowned the top list of African foreign investors.
10/01/2018
Polaris Bank as alternative to ‘collapse, liquidation’
We wish to assure all depositors that under this arrangement, their deposits shall remain safe
09/25/2018
Stanbic IBTC Wins African Banking Awards
The awards presentation ceremony holds on Thursday 6, December, 2018, in London.
08/22/2018
Unshackled From Barclays, Absa Investment Bank Chases Growth
Corporate and investment bank is targeting new markets