Banking & Finance

JOHANNESBERG, May 18 – Absa Group Ltd. is considering joining China’s cross-border payment system as African trade with China continues to expand …

JOHANNESBERG, May 13 – FirstRand Ltd. has appointed Bank of America Corp. and Rand Merchant Bank (RMB) to advise on the planned …

JOHANNESBURG, May 8 – Citigroup has appointed André Ross as its country officer and banking head in South Africa, strengthening its leadership …

RABAT, April 30 – French bank BNP Paribas has agreed to sell its 67% majority stake in Moroccan lender BMCI to Holmarcom …

CAPE TOWN, April 22 – South African lender Capitec Bank posted a strong set of annual results, with profit rising 23% as …

LAGOS, April 2 – Nigeria’s banking sector has raised a total of ₦4.65 trillion ($3.36 billion) in fresh capital, marking the successful …

JOHANNESBURG, Mar 31 – African banks have surpassed the $100 billion revenue mark for the first time, with profitability significantly outperforming global …

JOHANNESBURG, Mar 31 – South African financial services group, FirstRand Ltd. has announced a major leadership reshuffle and structural overhaul as it …

JOHANNESBURG, Mar 26 – Standard Bank Group, Africa’s largest lender by assets, has forecast annual headline earnings per share growth of between …

NAIROBI, Mar 19 – Kenya is emerging as a strategic entry point for Africa’s largest banks, as lenders across the continent position …