Standard Bank improving economic presence in Africa

African banking sector continues to thrive

The African banking sector continues to thrive as banks find more ways to improve customer service and provide diverse financial services.

Facebook shares increase by 25 per cent due to mobile advertising...

Facebook’s Q2 2013 earnings triggered a 25 per cent hike in its share price, due to a 76 per cent increase in its mobile advertising revenue.

Famous Brands takes Debonairs to Mumbai

Famous Brands has announced the first launch of Debonairs Pizza restaurant in the most populous city in India, Mumbai.

Ascendis Health signs new pharmaceutical deal ahead of its planned JSE...

Ascendis Health is in the process of signing a large pharmaceutical deal ahead of its planned JSE listing, Dr Karsten Wellner has said.

Intra-regional bank acquisition gaining momentum in Africa

African regional banks are starting to make more intra-regional acquisitions than green field operations for quicker and easier expansion.

Africa regulators approve Absa, Barclays Africa merger

Absa Group Limited on Monday announced its merger with Barclays African businesses, a deal worth 18.3 billion rands.

Private equity funds inclined to be inventive

PE can be illiquid and private equity managers are inventive about how they handle the fund as a result of this, Ponmile Osibo has said

Stanlib property fund aimed at East and West Africa

The Africa Direct Property Development Fund is focusing on development properties in East and West Africa, Roberto Ferreira has said.

JSE adopts New taxation plan signalling new era for listed property...

The REIT structure is a new taxation plan adopted by the JSE to introduce a new era for the listed property sector, George Sibanda has said.

Mauritius signs double taxation avoidance agreement with Gabon

Mauritius has recently signed a Double Taxation Avoidance Agreement (DTAA) with Gabon, its 44th tax agreement with another country.

Cullinan acquires a stake in Imperial’s tourism division

Cullinan is set to acquire a stake in Imperial's tourism division, Michael Tollman has said.

Nigeria GT Bank to buy 70 pct stake in Kenyan lender

Nigeria's Guaranty Trust Bank (GT Bank) said on Thursday it had reached an agreement to acquire a 70 percent stake in Kenya's Fina Bank Ltd.

FirstRand Bank fails to gain West African foothold

South Africa’s FirstRand Group’s plan to acquire a 75 per cent stake in Merchant Bank Ghana for about 750 million rand has failed.

Equity investment requires positive business prospects

When selecting stocks for an income equity portfolio, one needs to consider the company’s future prospects, Eldria Fraser has said.

Old Mutual steps up as second best performing unit trust in...

The Old Mutual Global Equity Fund is the second best performing unit trust in South Africa, Ian Heslop told CNBC Africa on Thursday.

Momentum Africa Equity Fund 3rd best performing unit trust

The Momentum Africa Equity Fund is one of the top 5 best-performing unit trusts for the year to date across South Africa.

Africa rising as a private equity haven for investors

Despite Africa’s private equity industry still in its infancy, investors continue to look for opportunities in the continent’s markets.

Access Bank aims to become most respected African bank

Nigeria’s Access Bank aims to become Africa’s most respected bank by 2018, said the Bank group MD and CEO Aigboje Aig-Imoukhuede.

StanChart to launch Islamic banking in Kenya, Indonesia

Standard Chartered Plc will start offering Islamic banking in Kenya as a springboard into the rest of Africa.