12/29/2014
Who did buy Bourse Africa?
CAHL, which FTIL said had agreed to pay $40 million, is six months old, with share capital of 1,000 Mauritian rupees; FTIL says deal followed transparent bidding
Alternative Investments
12/29/2014
Skye Bank Appoints Interim MD For Mainstreet Bank
Skye Bank Plc says it has appointed Mrs Amaka Onwughalu as interim Managing Director for Mainstreet Bank.
12/25/2014
HSBC Sees Bonds Gaining On Loans As Oil Curbs Cash
Bank liquidity may be affected by oil prices, says HBSC debt-capital markets head for MENA.
12/23/2014
Atlas Mara Increases Investments In Nigerian Union Bank
This was facilitated via the acquisition of about 20.9 percent of Union Bank’s holdings from the Asset Management Corporation of Nigeria (AMCON), for a purchase price of approximately $250 million.
12/23/2014
Access Bank, UBA get ready for instant transfers
Two banks, Access Bank and United Bank for Africa Ghana, have expressed their readiness to integrate their online banking gateways to that of the Ghana Interbank Payment and Settlement System to enable them to take part of direct transfers between banks.
12/22/2014
Morocco's Largest Private Bank Starts Trading in Chinese Yuan
One of Morocco's biggest lenders Attijariwafa Bank announced on Friday it has begun trading in the Chinese yuan to help local and African businesses in their growing commercial partnership with China.
12/22/2014
Banks urged to identify new niches in the market
The Chief Executive Officer of Universal Merchant Bank, Ms Nilla Selormey, has said it is time for the banks in the country to identify new niches in the market where each can play efficiently and still achieve good growth.
12/19/2014
Bahraini firms eyeing major push in Africa
Africa's attractiveness as an investment destination continues to grow in recognition
12/19/2014
World Bank, Others To Finance $100m Zimfund
This, in turn, allows the flexibility to facilitate some of the pressing reforms in the area of parastatals by carrying out a thorough due diligence audit over management systems.
12/17/2014
MMI agrees to acquire ISPR in bid to cut costs, expand
Financial services group MMI Holdings has entered into an agreement with Botswana-listed Imara Holdings Limited to acquire 100 percent of stockbroker Imara SP Reid
12/17/2014
Citi and Zurich sign 15-year exclusive agreement to distribute life insurance in the Middle East
Citibank NA and Global insurer Zurich Insurance Group announced today the signing of an exclusive 15-year strategic agreement to offer Zurich’s comprehensive life insurance solutions, as defined in the agreement, to Citi’s consumer clients thr
12/17/2014
Stanbic IBTC Bank, SURE-P MCH project, a boost to financial inclusion
The financial inclusion and the cashless policy initiatives of the Central Bank of Nigeria last week got uplifted following Stanbic IBTC Bank and the Subsidy Reinvestment and Empowerment Programme Maternal and Child Health (MCH) Project, on mobile conditi
12/17/2014
SEC okays Skye Bank’s acquisition of Mainstreet Bank
Mid Tier lender, Skye Bank Plc, said on Tuesday it had received a ‘No Objection’ letter from the Securities and Exchange Commission to acquire Mainstreet Bank from the Asset Management Corporation of Nigerian
12/16/2014
Angola’s banking boom: New players wrestle for their share of a fast-growing market
Angola´s financial sector, like its economy, has seen rapid growth in the past decade, as the number of domestic banks operating in the country jumped from 13 in 2005 to 29 in 2014.
12/15/2014
Restoring African Bank not on cards
It looks like the good bank that the South African Reserve Bank and National Treasury want to raise from the ashes of African Bank is never going to happen.
12/15/2014
MMI Acquires South African Brokerage Firm For $10.3m
MMI has acquired Imara because the brokerage firm is a well-established mid-sized stockbroker with over 70 years of experience in the South African stock broking market.
12/11/2014
Zimbabwe secures $108m from African Development Bank
Zimbabwe is projected to spend 81% of its national budget on salaries for state workers next year, leaving little to develop infrastructure.
12/11/2014
Old Mutual may sell more than R3bn rand of bonds
Old Mutual last month raised R1 billion with the sale of two subordinated Tier 2 November 2024 notes
12/10/2014
John Taylor ‘first international luxury real estate brand’ on Mauritius
The growing international agency hopes the new office in Ebene will increase sales, rental and property management to Commonwealth and Francophile communities, plus Russia and the Middle East
12/09/2014
Deputy Minister Ndabeni-Abrahams to Market SA in Dubai
In an effort to position South Africa as a globally competitive destination that is open for business, the Deputy Minister of Communications, Stella Ndabeni-Abrahams, is leading a South African delegation to Dubai in the United Arab Emirates.