IFP members painted West Street in Durban white as they marched over the closure of Ithala Bank on Monday, 24 February 2025. Party members expressed their concerns over the closure of the bank ...

JOHANNESBURG, April 23 (Reuters) - South African lender Capitec Bank (CPIJ.J) reported on Wednesday a 30% rise in annual profit as net interest income grew by double digits, sending its shares higher.

The African Development Bank Group is in discussions to back a new debt-for-nature swap, marking its entry into a fast-growing corner of the sustainable debt market.

The Bank is hoping to raise $12bn for a new IDA crisis facility, but half of that would go to Ukraine and Moldova, which are not poor enough to normally qualify for the IDA ’s concessional loans ...

The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting as global trade risks and battles over the national budget keep policymakers in wait-and-see ...

The head of the corporate bank for Middle East and Africa, Kees Hoving, tells The Africa Report he see scope to increase the bank’s role in structuring African trade. The bank, whose African trade ...

Media Contact: African Development Bank Solange Kamuanga-Tossou Media Relations Officer Tel: +225 20 26 29 78 Email: s.kamuanga-tossou@afdb.org ...