One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

One of South Africa's major banks, Absa, has reaffirmed its commitment to boosting financial performance, setting a target to raise its return on equity to 16% by 2026, as it continues to trail some of its peers. Group CEO Kenny Fihla says efforts are also underway to appoint permanent leaders for key divisions, including Personal and Private Banking, as well as Corporate and Investment Banking. Channel Africa's economics reporter, Innocent Semosa, has the details..."

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

The Economic Community of West African States (ECOWAS) is set to abolish air transport taxes from January 1, 2026, in a move aimed at lowering the cost of air travel across the region. The bloc has also announced a 25% reduction in passenger and security-related aviation charges from next year. Channel Africa’s economics reporter now examines the significance of this decision and what it could mean for airfares and regional connectivity.

The Economic Community of West African States (ECOWAS) is set to abolish air transport taxes from January 1, 2026, in a move aimed at lowering the cost of air travel across the region. The bloc has also announced a 25% reduction in passenger and security-related aviation charges from next year. Channel Africa&rsquo;s economics reporter now examines the significance of this decision and what it could mean for airfares and regional connectivity.

ECOWAS to abolish air transport taxes from January 1, 2026 in a move aimed at lowering the cost of air travel across the region

With the December holidays upon us and braai season in full swing, South African consumers are feeling the strain of sharply higher meat prices at the tills. Meat inflation has climbed to its highest level in almost eight years, driven largely by disruptions caused by foot-and-mouth disease and tighter supplies. Thami Ngubeni spoke to Paul Makube, Senior Agricultural Economist at FNB, about what’s behind these increases, what government’s new disease-control plan means for the sector, and when consumers might finally see some relief.

With the December holidays upon us and braai season in full swing, South African consumers are feeling the strain of sharply higher meat prices at the tills. Meat inflation has climbed to its highest level in almost eight years, driven largely by disruptions caused by foot-and-mouth disease and tighter supplies. Thami Ngubeni spoke to Paul Makube, Senior Agricultural Economist at FNB, about what&rsquo;s behind these increases, what government&rsquo;s new disease-control plan means for the sector, and when consumers might finally see some relief.

South African consumers feel the strain of sharply higher meat prices as meat inflation climbs to the highest level in almost eight years

For our final business round-up of the year, Victor Kgomoeswana, author of Africa Is Open for Business and Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks some of the developments that caught his eye this year.

For our final business round-up of the year, Victor Kgomoeswana, author of Africa Is Open for Business and Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks some of the developments that caught his eye this year.

ABSA's newly appointed Group CEO, Kenny Fihla, outlines his strategy for the bank

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