03/11/2016
Being ditched by UK bank may be just what Absa needs
Absa recently faced a ratings downgrade from Fitch.
Investment Banking
03/10/2016
Barclays Braces for Tough Sell as It Looks to Unload Big Stake in Africa Business
In interview, CEO of Barclays Africa says group won’t break up and sell individual assets
03/07/2016
Bob Diamond's alleged bid for Barclays' Africa ops shows what a big mistake it was to let him quit
It's pretty sweet revenge for Diamond as the deal would mean snapping up one of his old employers' most profitable assets
03/07/2016
Barclays’ African sale shows decline of universal banking model
Barclays announced last week that it intends to sell its African operations.
03/07/2016
Barclays to get new owners
Change in Group shareholders won’t affect Barclays operations in Uganda
03/04/2016
Former Barclays Chief Bob Diamond eyes Barclays Africa assets
Bob Diamond, the forceful former Barclays chief executive, is approaching investors to back a takeover bid for a swath of the UK bank’s African empire that he helped to construct.ccc
03/04/2016
High expectations as BRICS New Development Bank to open African branch
The bank is expected to fund infrastructural deficit and help address global economic governance
03/03/2016
Nedbank seeks control of Mozambican lender
He expects the deal to close in the first half of this year.
03/03/2016
Barclays launches agency banking
The deal signed yesterday will enable Barclays customers conduct transactions such as withdrawals
03/03/2016
Standard Bank wins prestigious international awards
The annual risk awards ceremony identifies best practice in the risk management and derivatives markets.
03/03/2016
Africa: Barclays 'Will Not Pull Out of Tanzania'
Barclays Tanzania Managing Director Kihara Maina told journalists that the bank operations in Africa would remain intact and maintain the same expansion strategy.
03/02/2016
Barclays' parting shot
The London bank said yesterday that it would sell down its 62% stake in Johannesburg-based Barclays Africa over the next two to three years.
02/29/2016
Gulf Capital Expands To Sub-Saharan Africa Through Exclusive Partnership With Serengeti Capital
Through this exclusive partnership, Serengeti Capital will be advising on credit and mezzanine investment opportunities in Sub-Saharan Africa
02/29/2016
GTB MD foresees brighter and stronger future in Gambia’s banking sector
The GTB MD was delivering a speech on behalf of the president of the Gambia Bankers Association
02/24/2016
Africa understands global risk trends, says Standard Bank
The group, which operates as Stanbic in Zambia, has also forecast that Africa’s growth will linger in the range of four and five percent.
02/24/2016
Diamond Bank mobile app users hit 1m
With this development, twenty eight lucky customers were rewarded for downloading, registering and using the Diamond mobile app last December.
02/22/2016
African Bank, Ex-CEO Settle $27M Wrongful Termination Row
The sides signed an agreement Thursday, settling the dispute that originated in 2013 and has gone to courts in Togo, Ivory Coast and England
02/19/2016
Credit Suisse to fast-track top junior bankers to retain talent: sources
The investment bank told analysts on Thursday that it would make changes to its promotion cycle in Europe, the Middle East and Africa
02/18/2016
BMCE Bank of Africa launches the second edition of the AEA (African Entrepreneurship Award) supporting innovative entrepreneurs in Africa
The African Entrepreneurship Award receives funding allocation amounting to $1 million every year to reward the best African entrepreneurs
02/18/2016
Barclays Counts On Online Partner To Help Cut Lending Costs In South Africa
RainFin, the largest peer-to-peer lender in South Africa according to Bloomberg, allows people or businesses looking for better return on their cash to lend the money online to other parties including small businesses.