Tag: Absa Group

Absa eyes yuan platform amid booming China-Africa trade
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Absa eyes yuan platform amid booming China-Africa trade

China’s growing trade ties with Africa are pushing some of the continent’s biggest lenders to rethink how cross-border payments are handled. As businesses search for faster and cheaper ways to pay Chinese suppliers, banks are beginning to look beyond the U.S. dollar.  Absa Group, the Johannesburg-based financial services provider, is among the latest lenders considering a direct link to China’s…

Oluwatosin Alao Oluwatosin Alao
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
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Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

Omokolade Ajayi Omokolade Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
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Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla leads Absa Group, a pan-African bank with over 125 billion in assets, driving earnings growth and balance sheet strength.

Omokolade Ajayi Omokolade Ajayi
Absa Group CEO, Kenny Fihla
BusinessHot News

Absa eyes Africa expansion as banks push beyond South Africa  

Absa Group is accelerating its expansion across Africa as South African banks push beyond their home market.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Absa, South Africa’s third-biggest lender, boosts headline earnings to $1.52 billion

Absa’s headline earnings rise 12% to $1.52 billion, driven by stronger client activity and higher non-interest income.

Omokolade Ajayi Omokolade Ajayi
Absa mauritius
BusinessHot News

Absa targets $666 million in green loans by 2030

Absa Mauritius, plans to nearly quadruple its green loan portfolio to $666 million by 2030

Timilehin Adejumobi Timilehin Adejumobi