Browsing: Africa’s banking sector

African oil and gas industry | global energy transition

Oil and gas: addressing the funding gap amid a global energy transition

Industry and Trade

Africa’s oil and gas industry is entering a new era. The world is looking to fast-track its transition from fossil fuels. Consequently, this puts pressure on the continent’s oil and gas-producing nations. Most producing countries remain highly exposed to the global energy transition since their economies depend on oil and gas revenues. Similarly, their oil and gas reserves cost more to produce and, on average, remain more carbon-intensive than those from other regions.

South Africa’s Superstar Banking Corporation Capitec Bank Holdings

Banking

Capitec Bank has 16 million clients, more than half of which bank digitally.

The bank has more than 800 branches spread out through South Africa. Capitec can now claim to be the bona fide largest banking company in South Africa.

Capitec Bank was founded in 2000 in a sector fiercely competed for and dominated by what was then the big four banks, Standard Bank, Nedbank, FNB and ABSA.