01/02/2014
Falling shares hit Abil bosses and staff hard
The group made an economic loss of R1.5bn compared with a profit of R1.2bn in 2012
Investment Banking
12/19/2013
Ethiopia hires French firm Lazard to secure credit rating-officials
In an October interview, Prime Minister Hailemariam Desalegn told Reuters that Addis Ababa planned "not only a Eurobond but other bonds as well" once it secured a rating.
12/17/2013
IFC acquires stake in Abil
The World Bank’s private-sector lender, the International Finance Corporation has taken a 1.5% stake in microlender African Bank Investments Limited, following its rights issue.
12/10/2013
Rights issue ‘sign of confidence in Abil’
African Bank Investments Limited paid investment bank Goldman Sachs about R192m to underwrite a R5.48bn rights issue which was oversubscribed by about 64%.
11/25/2013
London Bank Plans African Office After Equity Hires From RenCap
Johannesburg Exotix Ltd., the London-based investment bank boosting its African equities team, plans to open its first office on the continent in the next six months
11/18/2013
Cancel Sale of Merchant Bank - Awuni Prays Court
The Executive Director of the Centre for Freedom and Accuracy, Mr Andrew Awuni, has filed a writ at the Accra Fast Track High Court
11/07/2013
Leone Asset Management to buy Guinea bank
Leone Asset Management, Inc., formerly known as Sloud Inc., has agreed in principle to acquire Guinea Investment Bank of Guinea in West Africa.
11/03/2013
Standard Bank Group expands its Africa footprint
Standard Bank Group has expanded its Africa footprint with the opening of a representative office in the Ivory Coast
10/30/2013
Standard Bank retreats in ‘land of Genghis Khan’
Standard Bank noted that over the course of a decade it has become recognised as the country’s leading foreign bank.
10/27/2013
CfC Stanbic Named Best Investment Bank
CfC Stanbic has been named the best investment bank in Kenya for 2013 in the annual EMEA Finance magazine awards.
10/27/2013
FirstRand’s goodbye to FNB’s Jordaan
FirstRand’s top executives netted a combined remuneration package exceeding R105 million in annual pay for the financial year 2013.
10/26/2013
Goldman Sachs urges workers to raise output
Goldman Sachs has pleaded with South African workers to raise their productivity.
10/21/2013
Standard Chartered CEO wins African Business award
Bola provides leadership for the Group in Nigeria
10/20/2013
Standard Bank named best investment bank in Africa
EMEA Finance is a bimonthly global industry publication that reports on major financial transactions and activities in Europe, the Middle East, and Africa.
10/15/2013
Africa’s infrastructure boom woos global lenders
THE high profile quest for infrastructure development in the sub-Saharan Africa may have been an allure to international investment banks and commercial lenders
10/15/2013
Lazard advises Ivorian government
Lazard bank has been contracted by Ivorian Prime Minister
10/15/2013
Sanlam repositions SA investment businesses and puts new leadership in place
Strong leadership will be key to the success of the changes and Van der Merwe said he had full confidence in the three individuals who will take the helm of the three divisions.
10/12/2013
Arqaam Capital to expand into sub-Saharan and East Africa nations
Regional investment bank aims to bring new funding sources to businesses
10/09/2013
Liberum wins another broking mandate after employee raid
The appointment comes days after Vertu Motors, selected Liberum as its broker instead of Espirito Santo following the move to Liberum by Peter Tracey,
10/08/2013
QNB Group Financial Results for the Nine Months Ended 30 September 2013
QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results today for the nine months ended 30 September 2013.