Barclays PLC and South Africas Absa Group will combine their Africa-based assets to accelerate the expansion of both groups across the African continent
Banking & Finance
African green technology projects to get first set of funds
The Sustainable Energy Fund for Africa (Sefa) has approved its first grant of US$825,000 to finance green technology projects
Zambia to rebase currency by 2013
The Bank of Zambia (BoZ) has set 1 January 2013 as the change-over date seeing the introduction of the newly rebased Zambian currency
Bank of India sets up branch in South Africa
Bank of India (BoI) has opened its first branch in Johannesburg, South Africa
South African bank awarded Nigerian business license
South Africa-based Rand Merchant Bank (RMB) has secured a merchant banking licence from Nigeria which permits it to establish a corporate and investment company in the country