NAIROBI, Mar 11 – KCB Group reported an 11% increase in its full-year 2025 pre-tax profit, supported by strong growth in interest …
Banking & Finance
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JOHANNESBERG, Mar 10 – South African lender Absa Group reported a 12.25 percent increase in full year earnings, supported by lower credit …
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PRETORIA, Mar 5 – The Bank of Namibia and the South African Reserve Bank have taken another step to strengthen financial cooperation, …
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Banking & Finance
South African lender Nedbank posts higher annual profit on lower impairment charges
JOHANNESBERG, Mar 3 – Nedbank Group reported a 2% increase in full-year headline earnings, as lower credit impairments helped offset modest revenue growth. …
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Banking & Finance
Nigeria’s Access Bank Terminates Bidvest Bank Deal After Regulatory Deadline Lapses
Access Holdings Plc has terminated its proposed acquisition of South Africa’s Bidvest Bank after key regulatory conditions were not met by the …
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Africa Export Import Bank (Afreximbank) has lined up an initial financing package of $8 billion for its new member, South Africa, following …
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Banking & Finance
South Africa’s Nedbank Plans $856 Million Acquisition of Majority Stake in Kenya’s NCBA Group
JOHANNESBURG, Jan 22 – South Africa’s Nedbank Group has offered to acquire a 66% stake in Kenya’s NCBA Group in a transaction …
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RABAT, Jan 20 – Morocco’s banking system recorded a deeper liquidity deficit toward the end of 2025, with the average weekly shortfall …