Tag: African Bank

African Bank targets $73 million cost cuts after $38 million loss, delays IPO

African Bank posts $38 million loss, targets $73 million cost cuts, delays IPO amid rising impairments and integration challenges.

Feyisayo Ajayi Feyisayo Ajayi

African Bank’s $343 million Eskom home loan deal collapses

African Bank’s $343 million Eskom mortgage portfolio acquisition collapsed after key deal conditions were unmet.

Timilehin Adejumobi Timilehin Adejumobi

African Bank CEO Kennedy Bungane steps down

African Bank CEO Kennedy Bungane resigns; Manyathi takes interim role amid growth and acquisitions.

Timilehin Adejumobi Timilehin Adejumobi