05/16/2016
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
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
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
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
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
The awards were launched to reflect the rapid growth and modernisation of the banking and financial services sector in Africa.
05/09/2016
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.
05/06/2016
The initial sell-down of Barclays’ stake looks like a decent enough piece of business by boss Jes Staley.
05/06/2016
So, if we find a viable project in Africa we will finance it because we believe that our mission is very relevant in Africa.
05/05/2016
Banking giant Barclays is selling shares worth 12.2% of Barclays Africa Group as it moves to drive down its stake in the lender.
05/04/2016
The Public Investment Corporation (PIC), Africa's largest fund manager with more than $122 billion of South African government employee pension assets under its custody, is the second-biggest shareholder in BAG with a holding of about 6 percent.
05/03/2016
The SACP’s Jeremy Cronin says this was a precautionary move by the four main banks.
05/03/2016
As a service, Airtel Money has gained massive acceptance from our growing customer base during its four years in operation.
05/02/2016
Diamond emphasised this week that his grouping had the advantage and would not run into the global regulatory challenges that prompted UK-based Barclays plc to exit its African operations.
04/29/2016
Barclays announced last month that it was planning to sell its 62.3 percent stake in Barclays Africa over the next two to three years.
04/27/2016
The banking sector, added the Barclays CEO, needs to team up with the industry regulator, to probe where the breakdowns occurred and plug them to prevent a recurrence in the future.
04/26/2016
Mr Tshabalala’s total pay was R30.99m, including annual incentives of R22m, giving him an increase of 28%.
04/26/2016
The Barclays Africa Group was formed after Absa acquired Barclays’ African operations in 2013.
04/26/2016
A group of around 100 Oakbay employees have marched to Absa to hand over a memorandum.
04/25/2016
Bob Diamond’s Atlas Merchant Capital and Carlyle Group will jointly raise funds for bid