Browsing: Africa’s banking sector

South Africa's Superstar Banking Corporation, Capitec. www.theexchange.africa

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.…

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Barely three months after opening its doors in, NCBA Bank Tanzania Limited has launched two new branches in Mwanza.
The move serves to take their banking and financial services closer to an area that is largely underserved.

Strategically situated on the shores of Lake Victoria, Mwanza City is home to 13 fish processing factories that process about 1,065 tonnes of fish per day, a great investment opportunity for a bank.

“We are all aware that the development of SMEs is the central component of economic growth, especially in the fishing, mining and agricultural sectors as they provide employment opportunities to the people and contributor to the country’s GDP. We hope that the bank’s presence in our region will impose itself as a credible partner that can effectively contribute to this economic and financial resilience in Mwanza,” commented Mwanza Regional Commissioner, John Mongela during the launch.

Newly appointed NCBA Managing Director …

Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our African Relationship Firms from across the continent, share their knowledge about what investors should consider when transacting in Africa.

Accept the uncertainty and gather knowledge

Investors in Africa must consider geo-political and economic uncertainty on the continent as well as a plethora of country and region-specific governance, compliance and regulatory challenges when investing in the region. They must also contend with a critical lack of infrastructure and poor integration when transacting across borders in Africa.

In order to close deals on the continent, investors need access to the right information and data. The success of a transaction depends on having real knowledge instead of relying on market perception. For markets where there is a lack of …