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

At the 2026 Africa CEO Forum in Rwanda, President of Rwanda, Paul Kagame, has used the platform to address Africa's top business leaders, policymakers, and investors on the continent's economic future.

 Speaking at the high-profile gathering, President Kagame focused on strengthening Africa's private sector growth, improving regional integration, and accelerating investment-led development as key drivers for sustainable economic transformation.

Channel Africa's economics reporter innocent Semosa has more.

At the 2026 Africa CEO Forum in Rwanda, President of Rwanda, Paul Kagame, has used the platform to address Africa's top business leaders, policymakers, and investors on the continent's economic future.
&nbsp;Speaking at the high-profile gathering, President Kagame focused on strengthening Africa's private sector growth, improving regional integration, and accelerating investment-led development as key drivers for sustainable economic transformation.
Channel Africa's economics reporter innocent Semosa has more.

President of Rwanda urges private sector-led growth, regional integration at 2026 Africa CEO Forum

African business leaders, investors, heads of state, and senior government officials from across the continent and beyond, have converged in Kigali, Rwanda for the Africa CEO Forum which began today.  

This year the event is taking place under the theme: "The Scale Imperative: Why Africa Must Embrace Shared Ownership." 

To reflect on what can be expected form the event is Teddy Kaberuka, International Consultant and Economic Analyst and AI strategist based in Rwanda.

African business leaders, investors, heads of state, and senior government officials from across the continent and beyond, have converged in Kigali, Rwanda for the Africa CEO Forum which began today. &nbsp;
This year the event is taking place under the theme: "The Scale Imperative: Why Africa Must Embrace Shared Ownership."&nbsp;
To reflect on what can be expected form the event is Teddy Kaberuka, International Consultant and Economic Analyst and AI strategist based in Rwanda.

Africa CEO Forum opens in Kigali with focus on shared ownership, scaled growth

Domestic tourism is expected to remain a major driver of growth for South Africa's (SA) tourism sector as Africa's Travel Indaba 2026 concludes in the city of Durba, in KwaZulu Natal province.

Industry stakeholders say initiatives aimed at encouraging local travel are becoming increasingly important amid global economic pressures and changing consumer spending patterns.

To reflect on this year's Indaba and the state of domestic tourism,  Head of SA Hub for Domestic Tourism at SA Tourism, Mashoto Mokgethi.

Domestic tourism is expected to remain a major driver of growth for South Africa's (SA) tourism sector as Africa's Travel Indaba 2026 concludes in the city of Durba, in KwaZulu Natal province.
Industry stakeholders say initiatives aimed at encouraging local travel are becoming increasingly important amid global economic pressures and changing consumer spending patterns.
To reflect on this year's Indaba and the state of domestic tourism, &nbsp;Head of SA Hub for Domestic Tourism at SA Tourism, Mashoto Mokgethi.

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

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