Banking & Financial Services

Barclays committed to South African subsidiary

Published by Staff Writer on 14 June 2010

Barclays Plc chief executive officer, John Varley, said the United Kingdom-based bank is committed to its South Africa subsidiary, Absa Group Ltd, which it bought for $4.48 billion in 2005.

Merrill Lynch SA receives boost for African expansion

Published by Staff Writer on 11 June 2010

Bank of America is planning to make a large capital injection into its subsidiary Merrill Lynch South Africa.

Fortune favours the brave (and patient)

Published by Jaco Maritz on 22 May 2010

The Imara Group is one of the pioneers in Africa’s investment banking and asset management space. The group invests in numerous stock exchanges across the continent. Jaco Maritz spoke to John Legat, chief executive officer of Imara Asset Management.

South African firm moves into Nigeria’s insurance market

Published by Staff Writer on 20 May 2010

South African financial services group, Sanlam, has entered into a joint venture with First Bank of Nigeria plc to form a new insurance firm, FBN Insurance Company Limited.

Absa plans IPO for Tanzania’s National Bank of Commerce

Published by Staff Writer on 9 May 2010

South African banking group, Absa, plans to hold an initial public offering for Tanzania’s National Bank of Commerce, in which it has a 55.5% stake, and list it on the Dar es Salaam Stock Exchange.

Gulf African Bank to expand to Tanzania and Uganda

Published by Dinfin Mulupi on 5 May 2010

Gulf African Bank (GAB) has announced it is planning to enter Tanzania and Uganda by the end of the year. The plans follow the Islamic bank’s successful launch and growth in the Kenyan market.

Renaissance Capital acquires BJM Securities

Published by Staff Writer on 3 May 2010

South Africa-based BJM Holdings today announced the sale of its wholly owned subsidiary BJM Securities to the Russian emerging markets investment bank, Renaissance Capital.

Nigerian banks allowed to accept banking shares as collateral

Published by Staff Writer on 28 April 2010

The Central Bank of Nigeria has stated that the country’s banks are allowed to accept banking shares as collateral for lending.

Sanlam enters Ugandan market

Published by Staff Writer on 22 April 2010

South African financial services group, Sanlam, yesterday launched a life insurance business in Uganda, a country it believes has excellent growth potential.

Imara buys stake in Zambian stock brokering firm

Published by Staff Writer on 15 April 2010

Imara Holdings, the Botswana registered financial services group and Lusaka-based Stockbrokers Zambia Limited today announced the conclusion of a transaction which sees Imara take a 25% stake in the Zambian company.

Central Bank of Nigeria Governor, Lamido Sanusi

Significant changes coming to Nigeria’s banking landscape

Published by Staff Writer on 12 April 2010

The Central Bank of Nigeria on Thursday published a draft document of proposed changes to the current “Universal Banking Policy”.

Nedbank focusing on Southern Africa

Published by Staff Writer on 26 February 2010

South Africa-based bank, Nedbank, is mainly concentrating on the South African and Southern Africa Development Community (SADC) markets.

Mauritian bank announces SA expansion drive

Published by Staff Writer on 25 February 2010

Mauritius-registered AfrAsia Bank today announced the start of an African regional expansion drive, with initial focus on South Africa.

Banking & Financial Services

Barclays committed to South African subsidiary

Merrill Lynch SA receives boost for African expansion

Fortune favours the brave (and patient)

South African firm moves into Nigeria’s insurance market

Absa plans IPO for Tanzania’s National Bank of Commerce

Gulf African Bank to expand to Tanzania and Uganda

Renaissance Capital acquires BJM Securities

Nigerian banks allowed to accept banking shares as collateral

Sanlam enters Ugandan market

Imara buys stake in Zambian stock brokering firm

Significant changes coming to Nigeria’s banking landscape

Nedbank focusing on Southern Africa

Mauritian bank announces SA expansion drive

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Dangote launches Africa’s biggest oil refinery – how it will affect Nigeria

A businessman’s account of establishing a spice company in Uganda

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