Standard Bank is now only South African lender with black CEO. Kruger will remain an executive director of the bank.
A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving down banking costs in a country where many people can’t afford an account.
Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago.
Market Research Company Euromonitor International revealed earlier this week the key trends shaping travel and tourism in Africa at the 41st Annual World Tourism Conference in Kigali, Rwanda.
Standard Bank Group Ltd., Africa’s largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it expects will boost the hedge-fund industry.
Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.
Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.
AfrAsia Bank and New World Wealth recently reviewed the 10 wealthiest cities in Africa by total wealth held.
Africa’s tourist spots were some of the fast-growing and popular destinations in the world last year.
Amazon Web Services is hoping to build cloud data centers in South Africa – an expansion was strongly hinted at by CTO Werner Vogels during the recent AWS Summit in Cape Town.
People flocking to South Africa’s economic hub are likely to find some of the world’s cheapest rents.
Africa’s premier power sector expo and conference will be staged from 18 – 20 July at the Sandton Convention Centre.
Barclays has been given regulatory approval for the sale of its remaining stake in its Barclays Africa Group, according to a unit of the business.
South Africa’s main opposition party, the Democratic Alliance, suspended Helen Zille, its former leader and premier of the Western Cape province.
Zimbabwean billionaire Strive Masiyiwa’s Econet Wireless Global Ltd. unit Liquid Telecom has appointed former Vodafone Group Plc executive Kyle Whitehill to head up South African internet provider Neotel and oversee the company’s expansion plans.
Microsoft will soon deliver cloud services from datacenters located in Cape Town and Johannesburg, South Africa.
One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.
First-quarter sales rose 7.1 percent boosted by Nigeria and Iran. Carrier still has ‘work to do’ to meet full-year targets
Higher-paid African expatriates sending cash to home countries. Money-transfer company has Facebook backer Accel as investor.
Major cabinet reshuffle comes as calls for South African president to quit grow.
The Nigerian Stock Exchange (NSE) has been given a green light by its members to become a publicly listed company, it said on Thursday.
International asset manager Investec Asset Management has named Peter Baird as managing principal for its Africa-oriented private equity funds.
South Africa’s Brait SE has suspended plans to list on the London Stock Exchange.
Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million,.
The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company.
Polar Star targets agriculture as food demand outstrips supply. Commodity hedge fund beats peers over five-year period.
Recent high-profile transactions in the Sub-Saharan hotel sector have industry experts predicting increased liquidity, leading to more open-market transactions in the future.
A successful deal would have created Africa’s biggest retailer. Shares of both companies jump as news ends antitrust concerns over deal.
South African communications network operator Neotel has officially become part of the pan-African telecoms group Liquid Telecom.
Orange SA is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official.
Tanya van Lill has been named CEO of the Southern African Venture Capital and Private Equity Association.
Africa’s first fuel cell component plant using platinum as a catalyst will start production by December aiming to take advantage of rising demand for clean energy cars.
EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa.
2016 was a tumultuous year that offered Africa investors many opportunities to make mistakes.
Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business.