Banking & Finance

JOHANNESBURG, May 21 – South African lender Investec reported a record annual dividend for the fourth consecutive year after the specialist lender …

LONDON, May 20 – Standard Chartered Chief Executive Officer Bill Winters moved to reassure employees after comments about replacing “lower-value human capital” …

GENEVA, May 19 – The world bank Group’s Multilateral Investment Guarantee Agency plans to more than double the value of guarantees it …

KIGALI, May 19 – Mauritius Commercial Bank plans to deploy $1 billion over the next four years to finance intra-African trade and …

RABAT, May 18 – Morocco’s BCP Group is expanding its private banking business and rolling out a new brand strategy as it …

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 …