ABIL to transfer core lending assets to the “Good Bank”

ABIL will have its 26 billion rand worth of core lending assets transferred to the Good Bank in the first quarter of 2015.

Capitec drives decrease in S.African bank charges

Capitec Bank remains the most attractive bank due to its lesser services charges, Solidarity's bank report has revealed.

Ghana PPI at 48.3% yr/yr in Aug: stats office

Ghana’s annual producer price inflation rose to 48.3 per cent in August, up from a revised figure of 47.2 per cent year-on-year in July.

Bayer makes Dow Jones Sustainability Index for 15th time

Global pharmaceutical company Bayer has been included in the Dow Jones Sustainability World Index (DJSI World) for the 15th time in a row.

Nigeria retains interest rate at 12%

Nigeria holds its monetary policy rate (MPR) at 12 per cent with a corridor of around 200 basis points (BPS).

Nigeria finmin confident 2014 GDP growth will exceed 6%

Nigeria's finance minister said she is confident that growth in 2014 will be around the government's latest forecast of 6.5 per cent.

S.Africa's repo rate remains unchanged: SARB

South Africa’s repurchase rate will remain unchanged at 5.75 per cent per annum, says reserve bank governor, Gill Marcus.

Ghana starts talks with IMF with public sector reform on agenda

Ghana opened talks with the International Monetary Fund (IMF), hoping to secure financial assistance to restore its fiscal balance.

Ascendis Health concludes a R50 MLN deal with WDBIH

Ascendis Health has concluded a 50 million rand BEE transaction deal with WDBIH Proprietary Limited, the company has said.
Kenya’s Diamond Trust Bank jumps 17% in pretax

DBSA hits historic disbursement record

The DBSA has reported a historic disbursement record in key strategic infrastructure projects.

Bidvest appoints Barclays, Investec to look at London listing

Bidvest on Wednesday appointed Barclays and Investec as advisers for a possible listing of its food business on the London Stock Exchange.

Sanlam’s i3 Summit to map strategies for surviving

Sanlam Investments and Glacier are set to host their first ever i3 summit in Johannesburg next week.

Manufacturing still Nigeria’s fastest-growing sector

Nigeria’s manufacturing sector continues to record the fastest growth, according to the country’s National Bureau of Statistics.

Bob Diamond's Africa bank buys stake in Nigeria's UBN

Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said it had increased its stake in Union Bank of Nigeria.

India’s State Bank to expand African footprint

The State Bank of India is expanding its footprint in Africa, according to its managing director, Krishna Kumar.

Egypt business activity expands in August, hits 8-month high: PMI

Business activity in Egypt grew at its sharpest rate in eight months in August, a survey showed on Wednesday.