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Women Turning The Tables On Traditional Banking And Land Ownership

Women Turning The Tables On Traditional Banking And Land  Ownership

 It was less than eight months ago that Mary Auma and her three children, from Ahero in Kenya’s Nyanza region, were living in a one-room house in an informal settlement. Ahero is largely agricultural and each day Auma would go and purchase large quantities of milk and resell it – earning only a 10 percent […]

JPMorgan Plans Expansion Into Ghana And Kenya

JPMorgan Plans Expansion Into Ghana And Kenya

JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll be hearing about some of that stuff,” Dimon told Bloomberg Television on the sidelines of […]

Barclays Africa to Fight $86 Million Payout Over Bankorp

Barclays Africa to Fight $86 Million Payout Over Bankorp

Barclays Africa Group Ltd., the South African bank formerly known as Absa, will go to the country’s high court to challenge a decision that it should pay the government 1.125 billion rand ($86 million) over the apartheid-era acquisition of Bankorp Ltd. “This is due to numerous misrepresentations and factual inaccuracies which form the basis of […]

Barclays To Pay $988 mln To Split From African Business

Barclays To Pay $988 mln To Split From African Business

Barclays has agreed to pay Barclays Africa nearly $1 billion to fund investments needed for it to split from its African business, paving the way for the British bank to cut its stake to below 50 percent. Barclays is in the middle of an overhaul that includes cutting its holding in the African business as […]

Don’t Panic, CBN Governor Says, As Bank Shake-Out Looms

Don’t Panic, CBN Governor Says, As Bank Shake-Out Looms

Breaking the central bankers’ taboo on use of the ‘p-word’, Nigeria’s Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa’s biggest economy for decades. For now, depositors and investors are generally giving the Central Bank of Nigeria […]