07/12/2013
SSNIT says South Africa’s FirstRand fails to acquire Merchant Bank Ghana
It announced that SSNIT would start a new process to invite proposals from interested parties for the acquisition of the Merchant Bank Ghana.
Alternative Investments
07/11/2013
Johannesburg targets high-speed traders
The initial rollout of the service is scheduled for the first quarter of 2014 and will include space for 35 clients.
07/10/2013
Societe Generale Securities Services in South Africa mandated by Peregrine Equities
It already provides securities lending and borrowing and global custody services to Peregrine Equities (Pty) Ltd,
07/09/2013
FirstBank signs $100m SME facility agreement with China Bank
FirstBank of Nigeria Limited signed a $100million facility agreement with China Development Bank
07/07/2013
Transnet to launch SA’s first rand bond
Transnet plans to sell the country’s first rand bond to foreign investors
07/04/2013
Angolan Stock Exchange Opening Postponed
Angola has decided to postpone plans to launch a stock exchange for a year
07/04/2013
Uganda: Standard Chartered Bank Cleared to Handle Investment Schemes
Standard Chartered Bank has acquired authorisation to carry out operations of a trustee under the Collective Investments Schemes from the Capital Markets Authority.
07/01/2013
Pan African investment firm boosts NASD trading platform on Nigerian bourse
The Pan African Investment Company, Heirs Holdings, has taken a strategic stake in the new National Association of Securities Dealers
07/01/2013
PIC may hold more than 15% stake in African Bank
PIC approved to increase its stake in African Bank.
06/30/2013
Angola delays stock market plans
Angola pushed back plans for the start of stock-exchange trading by a year to 2016,
06/30/2013
Nedbank Commercial Property Finance earns top spot in PwC Banking Survey 2013
Nedbank Corporate Property Finance has been voted the best Property Finance bank in the 2013 PricewaterhouseCoopers (PwC) South African Banking Survey.
06/26/2013
AfDB offers Olam $80m loan for investment programmes in Ghana
The African Development Bank (AfDB) has decided to lend Olam Group
06/26/2013
Societe Generale Securities Services mandated by Trifecta Capital Services in South Africa
Societe Generale Securities Services (SGSS) in South Africa has been mandated by Trifecta Capital Services to provide custody services.
06/25/2013
Absa’s exchange-traded fund excels
ABSA group, whose platinum exchange-traded product swelled to the second-biggest within two months after being listed for trading
06/23/2013
African currencies outlook: Kenya, Nigeria likely to cushion currency falls
Central banks in Kenya and Nigeria are expected to pump dollars into their financial markets
06/23/2013
Moody’s highlights SA banks’ challenges in Africa
Regulatory and risk management shortcomings in sub-Saharan Africa could pose downside risks to banks if these were not addressed.
06/23/2013
Societe Generale becoms Associate Member of AMEDA
AMEDA is a non-profit organization comprised of Central Securities Depositories (CSD) and Clearing Houses in Africa and the Middle East.
06/20/2013
African Bank gets thumbs-up from bond market
THE market has given a thumbs-up to African Bank by oversubscribing the unsecured lender’s latest bond issuance.
06/20/2013
Alexander Forbes plans are paying off
FINANCIAL services group Alexander Forbes’s profit from continuing operations
06/18/2013
Bank of Africa positioned for cross-border trade
Bank of Africa, Ghana commenced operation in Ghana