IFC Bank of Africa DRC Archives

FirstRand plans UK exit after $1 billion motor-finance hit

South Africa’s FirstRand exits UK market after $1 billion setback

FirstRand Ltd., a leading financial services group is preparing to step back from the UK after a sharp rise in compensation costs tied to a motor-finance mis-selling review pushed it to reassess its overseas exposure. FirstRand is now working with advisers, including Bank of America and its own investment-banking arm, RMB, to explore the potential sale of its UK subsidiary,…

Oluwatosin Alao May 13, 2026

OPEC Fund for International Development.

Business Global News Hot News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

South Africa secures a $150 million OPEC Fund loan to advance infrastructure reforms in energy, rail, and port systems.

Omokolade Ajayi May 13, 2026

Business Hot News

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

TMG posts $104 million Q1 profit as revenue rises, backlog hits $8.65 billion, reinforcing Egypt real estate leader’s growth outlook.

Feyisayo Ajayi May 13, 2026

Aliko Dangote, Africa’s richest man and founder of Dangote Group.

Billionaires Business Hot News

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

Aliko Dangote engages Norway’s $2 trillion fund ahead of a planned $50 billion refinery IPO, boosting Africa’s energy investment outlook.

Omokolade Ajayi May 13, 2026

Business Hot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

Nigeria’s crude oil output climbs to 1.663 million barrels per day in April 2026, edging closer to its OPEC quota as exports and production stability improve.

Omokolade Ajayi May 13, 2026

Tag: IFC Bank of Africa DRC

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

South Africa’s FirstRand exits UK market after $1 billion setback

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

South Africa’s FirstRand exits UK market after $1 billion setback

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

South Africa’s FirstRand exits UK market after $1 billion setback

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

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