#Absa Bank


Elevating SME sector is key to ensuring long-term economic viability in Africa

Despite commendable efforts and interventions by various state and private sector entities, there is no oracle to show how economies across Africa and the small- and medium-enterprise sector will recover from the global health pandemic. Across the continent, we see a K-shaped recovery as different economies and sectors recover at...
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Energy Industrysaurenergy.com

John Cockerill to Supply Thermal Receivers to Redstone CSP Plant in SA

John Cockerill, a Belgium-based engineering company, has revealed that it will supply molten salt solar thermal receivers to Redstone’s 100 MW Concentrated Solar Power Plant (CSP) in the Northern Cape Province of South Africa. Developed by Saudi Arabia-based ACWA Power and constructed by EPC SepcoIII, the Redstone CSP plant is...
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How South Africa’s 5 Biggest Banks Continue to Dominate

South Africa’s five largest banks continue to dominate the country’s financial landscape, according to the South African Prudential Authority’s latest annual report. As of March 2021, these “big five” represented more than 90% of the country’s total banking assets, valued at around R5.8 trillion. According to the Prudential Authority, there...
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New cryptocurrency regulations in South Africa

South Africa is fast-tracking the process of bringing in new cryptocurrency regulations to curb the misuse of cryptocurrencies in the country. The process first began with the publication of proposals earlier in June. Regulators expect it to be complete in 3 to 6 months. Here’s what’s happening:. Crypto regulations. Restrictions...

Why Co-op Bank CEO Gideon Muriuki Was Handed Ksh260m bonus – Kenyan Business Feed

Co-operative Bank’s chief executive, Gideon Muriuki, earned Sh260.3 million in bonus last year, the largest in the banking industry, under the bank’s performance-based reward system for staff. The lender says it rewarded the CEO for protecting shareholder returns while navigating the bank through the Covid-19 pandemic. Mr Muriuki’s bonus dropped...
Energy Industrygtreview.com

ATI liquidity facility nudges Malawi solar project to close

The African Trade Insurance agency (ATI) has deployed its regional liquidity support tool to back a solar power project in Malawi, the first ever to be connected to the country’s electricity grid. ATI, in conjunction with German development bank KfW, launched the tool, known as the regional liquidity support facility...

Increase scrutiny for board member qualification – Institute of Directors

President of the Institute of Directors-Ghana, Rockson Kwesi Dogbegah, has called for increased scrutiny into the suitability of persons who make up boards of companies – particularly financial institutions, as he said this will forestall a recurrence of the high-profile industry-wide scandals which have bedevilled the financial services landscape for some years now.

Absa Uganda introduces MTN MoMoPay payments on point of sale terminals

Absa Bank Uganda and MTN Mobile Money Uganda Limited have today announced the introduction of mobile money payment functionality, also known as MTN MoMoPay on Absa Point of Sale (POS) machines/terminals. The service is open to all MTN Uganda mobile money account holders, who can now make payments on any Absa POS machine, regardless of whether they hold an account with the bank.

Marketing giants receive awards at the 10th edition of MWA

The 10th edition of the Marketing World Awards (MWA) that recognizes individuals and organizations that have exhibited excellence in the marketing profession has conferred about 50 plus awards on both organisations and individuals across Africa. The awards recognized outstanding brands, the best campaigns, marketing innovations and creative use of digital...
Small Businessgobnewsonline.com

Grace Anim-Yeboah outlines Absa Bank’s support schemes for MSMEs

The Director of Business Banking at Absa Bank, Ghana, Grace Anim-Yeboah, has outlined some schemes Absa Bank has made available to help Micro Small and Medium Enterprises (MSMEs) expand their operations. According to her, supporting Ghanaian businesses will go a long way to turn the fortunes of the economy for...

Kenya’s Women Entrepreneurs Held Back from Corporate Procurement: IFC Study

NAIROBI, Kenya, Jul 1 – Women-owned businesses in Kenya face structural barriers that limit their ability to secure contracts with large companies for growth, according to an IFC study published today that recommends ways banks and large businesses can better support female entrepreneurs. Commissioned as part of IFC’s wider efforts...

Buying a Sim Card at Nairobi Airport

Traveling to Kenya and flying into Nairobi Airport? This is your guide for buying a local sim card for Kenya on arrival at Nairobi Airport. Don’t waste money on high roaming costs or rely on slow overseas data roaming plans. Getting a sim card at Nairobi Airport is easy, done fast and cheap. I will tell you where to go exactly, the prices and my recommendation.