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Citigroup Signals New Strategy for Expansion into Africa
Citigroup has given its strongest signal yet that Africa could feature in its global expansion strategy through acquisitions on the continent. The acquisitions would help build its transaction services business in Africa once the U.S. government has sold off its stake in the bank. Francesco Vanni d’Archirafi, Citigroup’s chief executive officer of global transaction services, [...]
Renaissance Capital launches South Africa operations, hires Clifford Sacks
Renaissance Capital, the emerging markets investment bank, announces today that Clifford Sacks will join as CEO South Africa and Head of Pan-African Equities and will lead the Firm’s expansion into the continent’s largest economy. Sacks joins from Merrill Lynch, where he was Co-CEO South Africa and Sub-Saharan Africa. The South Africa operation will act as [...]
United Bank of Africa adds Zambia to its Portfolio
United Bank for Africa Plc (UBA),one of several pan African banking groups, announced the opening of its Zambian operations today – this is the groups first entry into the Southern Africa region. The company is following a trend in Africa of expanding retail banking operations to new markets. The company currently has a presence in [...]
Kenya Hosts Banking & Mobile Money Transfer COMESA Conference
Uhuru Kenyatta, Kenya’s Deputy Prime Minister and Minister of Finance, will open AITEC’s annual Banking & Mobile Money Conference for the COMESA region, to be held at the Kenyatta International Conference Center from February 24th – 25th. Also speaking in the opening session will be Professor Njuguna Ndung’u, Governor of the Central Bank of Kenya. [...]
