Zimbabwe's largest bank CBZ launched two bond issues on Monday, seeking to raise $80.6 million to finance maize and soybean farming, as the country faces another drought that could worsen an already dire economic situation.
Now in its third year, the Absa Africa Financial Markets Index evaluates financial market development in 20 countries across the African continent and the improvements show the progress being made within the financial markets.
South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line with expectations, thanks to...
Nigerian banks have been trying to raise fresh capital after huge loan losses worsened by an economy that is recovering from its first recession in 25 years.
VBS financial losses prompted a decision to institute a forensic investigation.
JOHANNESBURG (Reuters) - South African lender Nedbank reported a 26 percent jump in half-year profit on Tuesday, helped by a recovery in its west African associate, Ecobank. Nedbank owns about 16 percent of...
Portuguese government announces shortlist of buyers for Mercantile Bank, here’s what you need to know
By Mari Blumenthal, H+K Strategies Johannesburg, 18 June 2018. The Portuguese government has approved a shortlist of four potential buyers to participate in the second phase of the sale process of Mercantile Bank...