Barclays Africa is to change its brand name to Absa Group subject to the necessary regulatory and shareholder approval, Group Chief Executive, Maria Ramos, disclosed on Thursday.
“We’ll be Absa, not as you know it but re-launched, re-presented and with an identity fit for the new and forward-looking business we...
Barclays Africa Group, South Africa’s No.2 lender by market value, reported a 4 percent rise in annual profit on Thursday, thanks to a substantial decline in impairments. Normalised diluted headline EPS, the primary measure of profit in South Africa that strips out one-off items, came in at 1,837.7 cents...
South Africa’s much bigger-than-expected trade deficit in January wiped out 12 consecutive months of surpluses, as exports of major commodities and machinery fell sharply.
The trade balance in January swung to a 27.66 billion rand ($2 billion) deficit, far beyond market expectations of a 5 billon rand shortfall, from a...
President Nana Addo Dankwa Akufo-Addo has called on American investors to take part in the extraordinary opportunities that exist in Ghana and on the African continent.
“There is a lot of opportunity for American capital, technology and enterprise in Ghana, and indeed in Africa; and we welcome companies from all...
International donors have raised half a billion dollars for a multi-national military operation in West Africa’s Sahel region, the EU’s top diplomat said on Friday, as Europe seeks to stop migrants and militants reaching its shores.
At a conference of about 50 countries including the United States, Japan and Norway,...
Members of the Presidential Task Force on the ECOWAS Single Currency Programme have reaffirmed their political will to meet the Bloc’s single currency programme deadline by 2020.
They also reaffirmed their commitment to ratify and implement all relevant ECOWAS Protocols and Conventions, as well as a gradual approach wherein member-states...
Prosecutors from more than a dozen countries joined forces on Wednesday, at a landmark summit aiming to boost the global fight against modern slavery by convicting more criminals and tracing dirty money.
The three-day event, the first of its kind, brings together prosecutors from countries including Albania, Nigeria and Sudan....
DEAL 2018 is the largest show in the amusement industry that is held closer to the African region. The show aims to provide an effective platform for the stakeholders within the African leisure, entertainment and amusement sector, as per International Expo Consults - organiser of the show. Recent developments...
South Africa’s new President Cyril Ramaphosa must quickly show international investors his government can implement reforms to take advantage of a weak dollar and growth in China, according to Citi’s head of emerging markets.
The crucial period starts with Wednesday’s annual budget and runs until elections, due next year, Citi’s...