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

Mozambique is hosting African trade ministers in Maputo for high‑level talks aimed at strengthening intra‑African cooperation and advancing a more inclusive continental trading system. The meeting, expected to adopt the Maputo Ministerial Declaration, seeks to align Africa’s trade priorities, amplify the continent’s collective voice in global negotiations and drive sustainable development and industrialisation across member states. Innocent Semosa spoke to Dr Wilker Dias.

Mozambique is hosting African trade ministers in Maputo for high‑level talks aimed at strengthening intra‑African cooperation and advancing a more inclusive continental trading system. The meeting, expected to adopt the Maputo Ministerial Declaration, seeks to align Africa&rsquo;s trade priorities, amplify the continent&rsquo;s collective voice in global negotiations and drive sustainable development and industrialisation across member states.&nbsp;Innocent Semosa spoke to Dr Wilker Dias.

Mozambique hosts trade ministers as they seek to strengthen intra‑African cooperation

The Bank of Botswana’s Monetary Policy Committee (MPC) has unanimously maintained the country’s main interest rate at 3.5% for the second consecutive meeting. Addressing the media in Gaborone following the MPC meeting, Bank of Botswana Governor Lesego Moseki said the economy is expected to continue operating below full capacity in the short to medium term, resulting in subdued demand‑driven inflationary pressures.


Channel Africa’s Correspondent in Botswana, Shingirai Madondo, reports.

The Bank of Botswana&rsquo;s Monetary Policy Committee (MPC) has unanimously maintained the country&rsquo;s main interest rate at 3.5% for the second consecutive meeting. Addressing the media in Gaborone following the MPC meeting, Bank of Botswana Governor Lesego Moseki said the economy is expected to continue operating below full capacity in the short to medium term, resulting in subdued demand‑driven inflationary pressures.
 Channel Africa&rsquo;s Correspondent in Botswana, Shingirai Madondo, reports.

Bank of Botswana's MPC leaves interest rate unchanged at 3.5%

Victor Kgomoeswana, author of Africa Is Open for Business and Africa Bounces Back, and the Executive Director for Marketing and Communication at the University of Limpopo, rounds up the business news that made headlines this week.

Victor Kgomoeswana, author of Africa Is Open for Business and Africa Bounces Back, and the Executive Director for Marketing and Communication at the University of Limpopo, rounds up the business news that made headlines this week.

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

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