Tag: African Bank

African Bank
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African Bank begins restructuring after departure of two top executives in 6 months

African Bank restructures under CEO Zwelibanzi Manyathi after two senior exits, a R624 million ($38.3 million) loss and plans to consolidate its expanded business.

Feyisayo Ajayi Feyisayo Ajayi
Anbann Chetti, CFO of African Bank resigns
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African Bank CFO Anbann Chetti resigns with immediate effect 

African Bank CFO Anbann Chetti resigns with immediate effect as Given Mabena takes over as acting CFO amid a leadership shake-up.

Timilehin Adejumobi Timilehin Adejumobi
African Bank
BusinessHot News

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
BusinessHot News

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
Kennedy Bungane, former ceo African Bank
BusinessHot News

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