South Africa’s African Bank Posts US$38 Million Half-Year Loss
African Bank in South Africa posted a US$38 million half-year loss on 25 June 2026 and says 1,200 jobs and...
September 20, 2026Topic
financial services
Old Mutual Picks Ranen Thakurdin as Next Group Finance Chief
Old Mutual named Ranen Thakurdin as Group CFO-designate on 8 September 2026, with the handover set for 1 April 2027...
September 11, 2026
Sanlam Steps Into Banking With GoTyme, Following Old Mutual and Discovery
Sanlam, Africa's largest insurer, will soft-launch transactional banking with GoTyme Bank on 1 November 2026, with a broader rollout in...
September 11, 2026
FirstRand Shareholders Could See US$2 Billion Windfall From Aldermore Sale
FirstRand shareholders could see a R35 billion windfall from the Aldermore sale, though the figure is not independently confirmed by...
September 11, 2026
Nedbank Cleared to Buy Two Thirds of Kenya’s NCBA for US$842 Million
Kenya's central bank has approved Nedbank's R13.9 billion (US$842 million) acquisition of up to 66% of NCBA Group. What shareholders...
September 1, 2026
First Abu Dhabi Bank Misr Posts Strong Profit Growth in Egypt
FABMisr profit growth: First Abu Dhabi Bank Misr's Egypt unit posted EGP 15.8 billion (about US$330 million) net profit in...
August 18, 2026
Nigerian Stock Turnover Jumps as the Market Falls 1.2%
Nigerian stock turnover rose 26.6% to about US$129 million in the week to 14 August 2026, but the index fell...
August 17, 2026
Absa Sells Two Kenyan Insurers to Mudavadi-Linked Investment Firm
Absa Life Assurance Kenya sale confirmed: Absa Group offloads 63.32% stakes in two Kenyan insurers to a Mudavadi-linked firm for...
August 15, 2026
Peru’s Indecopi Fines BCP Over Abusive Debt Collection
Peru's Indecopi upheld a US$6,150 fine on BCP (Credicorp) for sending a client's debt notices to an unauthorised address, breaching...
August 3, 2026