Tag: bank

Zimbabwe’s largest bank CBZ issues bonds under scheme to raise funds for maize, soy farming

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.

Here’s how Absa is planning to take you further into Africa than ever before

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 Africa’s Capitec profit meets expectations after jumping 20%

South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line with expectations, thanks to...

Africa’s biggest bank to be created as Nigeria’s Access Bank is set to buy rival Diamond Bank

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.

Explainer: What are the lessons learned from the collapse of South Africa’s VBS Mutual Bank ?

VBS financial losses prompted a decision to institute a forensic investigation.

How Ecobank aided Nedbank to boost its H1 profit by 26%

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...

Post-harvest losses high in sub-Saharan Africa

Post-harvest losses high in sub-Saharan Africa