Banking & Finance

Standard Bank may sell 60 per cent stake of UK commodities to ICBC

Standard Bank wikiSouth Africa's Standard Bank may sell 60 per cent of its UK commodities and foreign exchange trading businesses to the Industrial & Commercial Bank of China (ICBC) for at least US$600mn

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Barclays Zimbabwe launches fraud monitoring system

Image source: Wikimedia Commons/Kolekcjoner-AD.Barclays Bank of Zimbabwe Ltd has introduced automated fraud detection and monitoring systems for international and local debit cards, according to the company’s managing director, George Guvamatanga

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Standard Chartered Bank Zambia in expansion project

Standard Chartered BankStandard Chartered Bank Zambia is set to invest more than US$2.8mn to expand its footprint in Zambia, according to information obtained from the financial institution

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DEG invests in first Ethiopia private equity fund

DEG Ethiopia investment Schulze Fund GermanyDeutsche Investitions und Entwicklungsgesellschaft mbH (DEG) has announced a US$10mn investment in Schulze Global Ethiopia Growth and Transformation Fund I

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CRB Africa rebrands

Africa Banking KenyaCredit Reference Bureau (CRB) Africa has rebranded to TransUnion Corp and launched a new analytic scoring model aimed at improving services for the financial sector

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