Banco Unico News

Ingrid Johnson, CFO, Old Mutual

Old Mutual earmarks $386M for Africa expansion

Old Mutual Plc (OML), Africa’s biggest insurer, has 4.3 billion rand ($386 million) for acquisitions on the continent, where growth rates higher than advanced countries may help boost sales after third-quarter growth declined.

Nedbank Group

South Africa's Nedbank eyes push into the rest of the continent

If Nedbank (NED) converts its $285m loan to West African banking group Ecobank into an equity stake, it will help the local bank catch up with its rivals, which have made significant inroads in the rest of Africa.