Kenyan court authorises Bank of Baroda asset attachment over KSh2.996 billion
A Kenyan High Court warrant authorised attachment of Bank of Baroda Kenya’s movable assets unless it pays KSh2.996 billion to Infinity Industrial Park .
Stanbic Bank Kenya confirms Michael Mutiga as chief executive after regulatory approval
Stanbic Bank Kenya confirmed Michael Mutiga as Chief Executive after Central Bank of Kenya approval, succeeding acting CEO Abraham Ongenge.
South Africa signs $1 billion, 16-year loan with New Development Bank for municipal infrastructure
South Africa's National Treasury signed a $1 billion, 16-year loan with the New Development Bank to upgrade municipal infrastructure.
South Africa's SARB Prudential Authority imposes R34 million penalties on Capitec and Ninety One Assurance
The Prudential Authority imposed R28 million in penalties on Capitec Bank and R6 million on Ninety One Assurance for FICA breaches identified in 2023 inspections.
Kenya central bank proposes dividend curbs and new capital buffers
Kenya's central bank proposed barring dividends at banks with a common equity tier 1 (CET1) ratio between the 8% minimum and 8.625% of risk-weighted assets and adding new countercyclical buffers of up to 2.5%.
Absa Bank Kenya appoints Yusuf Omari managing director and chief executive
Absa Bank Kenya has appointed Yusuf Omari as managing director and chief executive, with effect from 10 September 2026, confirming in the role its chief financial officer since 2009, who had led the bank on an interim basis since 1 July.
Sanlam secures regulatory approval for transactional banking, targeting phased South African rollout in 2027
Sanlam confirmed on Thursday it had received regulatory approval to offer transactional banking through GoTyme, with a soft launch from 1 November 2026 and phased rollout in the first quarter of 2027.
African Bank names Keketso Motsoene chief executive of business and commercial division
African Bank appointed Keketso Motsoene, formerly managing executive for commercial growth at Absa Business Banking, as chief executive of its Business and Commercial division, weeks after confirming Zweli Manyathi as group CEO.
Angola approves sale of 34% Standard Bank de Angola stake seized from jailed tycoon
Angola's Capital Market Commission approved the public sale of 4.76 million shares, representing 34% of Standard Bank de Angola, in an offering that could raise as much as 208.5 billion kwanzas.
Nigerian banks park N4.4 trillion at central bank deposit facility amid liquidity surplus
Nigerian lenders placed about N4.4 trillion of surplus cash with the Central Bank of Nigeria through its Standing Deposit Facility, as net system liquidity rose to N4.66 trillion from N3.61 trillion.
Central Bank of Kenya approves Nedbank's acquisition of up to 66% of NCBA Group
The Central Bank of Kenya has cleared Nedbank Group's partial offer for up to 66% of NCBA Group, a $855 million transaction first announced in January 2026.
African Bank confirms Zweli Manyathi as permanent group chief executive effective 25 August 2026
South Africa's African Bank has confirmed Zweli Manyathi as permanent Group CEO effective 25 August 2026 after the Prudential Authority approved his appointment.