Banking, Finance & Investment

SARB, The South African Reserve Bank has imposed R35 million in fines on Nedbank for failures that included not reporting cash transactions of large amounts and shortcomings in record-keeping. The …

SFS Capital, a leading investment management in Nigeria has launched the SFS Fund Mobile App to enable individuals start their Mutual Fund investment journey with ease. The SFS Fund Mobile …

Denel, Troubled state-owned arms manufacturer on Thursday announced a major achievement, paying all outstanding salaries with the proceeds of the surplus medical benefit trust and putting in place payment plans …

A roadmap has been developed for the implementation of the Bank of Ghana Gold Purchase Programme. Consequently, the Economic Management Team, the Bank of Ghana, Ministry of Lands and Natural …

Deutsche Bank AG is beefing up its investment banking team and services in South Africa as part of a plan to grow on the continent. The German lender has hired a …

The Somali business community in the region is looking to explore trade opportunities in Uganda at the first ever business summit between the two countries to be held in Kampala. …

Standard Bank, Africa’s biggest lender, has slashed Ghana’s growth rate forecast for 2022 to 3.1 per cent, from the earlier 6.2 per cent. It has also lowered its 2023 Gross …

Kigali Bank has booked Sh926million new customer deposits from Rwandans in diaspora within four months. The cash deposits were collected from existing and new customers following a successful marketing campaign …

Nedbank has reported a 27% jump in headline earnings to R6.7 billion for the six months to end-June. The jump was mostly driven by strong revenue growth of 11% to …

German outdoor power tools manufacturer The Stihl  Group is set to establish its East African hub in Kenya. The subsidiary dubbed Stihl East Africa will be servicing clients in Kenya, …