04/29/2022
Standard Chartered’s operating profit in Middle East, Africa hits near 10-year high
First-quarter 2022 profits crossed $300mln for the first time in nearly a decade
Investment Banking
04/21/2022
Barclays sells off half of Absa stake for £526m
The placing was made through Barclays Principal Investments subsidiary, with Absa, Citigroup, Banco Santander and Société Générale arranging the sale.
03/15/2022
Standard Bank in Talks with ICBC About Exiting Joint Venture
The combination sought to serve the growing demands of Chinese clients for global commodities, fixed income and other products, though also has some exposure to Russia -- currently a financial pariah after the invasion of Ukraine.
01/21/2022
MENA investment banking fees totalled $1.4bln in 2021
In 2021, equity capital markets recorded their strongest year in 13 years, producing $334.4 million in fees
01/14/2022
Standard Chartered Asked to Reveal Zimbabwe CEO’s Fate
Mutasa said union members had said that Watungwa hasn’t been seen at work recently.
12/16/2021
Morocco’s BCP Bank open to acquisitions in Africa, CEO says
Like many other Moroccan banks and companies, BCP has stepped up investments in Africa, boosting the kingdom's economic clout.
12/10/2021
UBS retreating from South African investment-banking ops – sources
The bank is said to be covering its key corporate clients in the region out of London.
11/26/2021
Ecobank Group secures US$112mn credit facility from EIB to fund SMEs
This latest cooperation with Ecobank Group will help companies to better tackle challenges triggered by the COVID-19 pandemic, unlock economic and social opportunities, especially for SMEs and women-owned and women-run enterprises, across Sub-Saharan Afri
11/26/2021
EIB President Werner Hoyer and Cabinet Secretary open East Africa Hub
At the European Investment Bank we are committed to enhancing the impact of our sustainable investment around the world in close cooperation with our global partners and through an increased local presence of our technical, environmental and financing exp
11/16/2021
Afreximbank is Joint Lead Manager for Fidelity Bank $400m Eurobond
The bond is priced at a Re-offer Yield of 7.875 per cent and a coupon of 7.625 per cent.
11/09/2021
Absa claims big night at CIMG Awards
Managing Director, Abena Osei-Poku’s relentless outlook, experience and overall knack for spotting new business opportunities continue to serve the bank well.
10/27/2021
AIIB’s Membership in Africa Grows as Nigeria Joins the Bank
Prospective members, including Nigeria, will officially join AIIB once they complete the required membership procedures
10/14/2021
AfrAsia Bank recognised for the 2nd time as the “Best Banking & Custody Provider: Global Custodian” by AGF Africa Service Providers Awards
This recognition further inspires us to actively explore the dynamic changes on the custodian landscape and reinforces our commitment to provide our clients with best-in-class services and pertinent market updates to continually ensure the safety of their
10/13/2021
Standand Bank is named Africa’s best bank by Global Finance report
Global Finance also said the bank spent much of last year further developing its OneFarm platform, designed to improve Africa’s agribusiness sector by giving farmers access to financial and other services that will let them migrate from subsistence
10/12/2021
African Development Bank approves $86.72mln loan to boost water security and socio-economic development in South Africa and Lesotho
The Lesotho Highland Development Authority will implement the part of the project that falls within Lesotho's borders.
09/28/2021
HSBC Mauritius launches green personal loan for low carbon future
No early repayment fees – loan can be repaid in full at anytime
09/21/2021
PAC Capital Limited bags CFI.co Best Investment Banking Team Nigeria 2021 Award
The company's investment banking team provides specialized finance advisory on fundraising as well as equity and debt capital markets," the Judging Panel noted
09/14/2021
African Development Bank President conferred with Leadership Person of the Year Award 2020 - Leadership Newspaper Group
Under the Light Up Africa Project, the African Development Bank has a 10-year plan to drastically reduce the number of Africans who lack access to electricity.
09/07/2021
To build a better South Africa
It is the partnerships between private, public and the community that will really allow us to grow and create growth and job opportunities.
08/23/2021
'Better and energised' Standard Bank hopes to stem client losses and sets ambitious targets
"These targets are challenging, but they are realistic. And we are committed to achieving them by protecting and growing our traditional markets and by finding new ones,"