Shifting From Aid to Trade is the Key to Africa’s Sustainable Future

Jolene Abshire, Sector Head for Development Organisations, Absa Group, discusses the shifting dynamics of donor funding for Africa in recent years, explaining how moving from traditional aid to trade-centric models can help the continent to support its own initiatives, economy, and resources. Donor funding to Africa is shrinking as budgets dwindle. Global crises, such as […]

Absa launches 6th annual Africa Financial Markets Index

African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19 of the 26 countries improved their scores relative to last year. This was largely due to […]

The Long Road to Africa’s Promised Land of Trade and Prosperity

The African Continental Free Trade Area (AfCFTA) has been touted as the supercharger of Africa’s long-term economic success. Here, Bohani Hlungwane, Group Head of Sales, Trade and Working Capital, Absa, looks back at the journey so far, and assesses what still needs to be done. There is little doubt that the recently launched African Continental […]

Surecomp Enables Absa Group’s Roll Out of Pan-African Trade Finance Digitisation Across 10 Countries

Toronto – Surecomp today announced that South African bank Absa Group has gone live with the latest version of its back-office trade finance solution IMEX in 10 countries across the continent as part of their ongoing digitisation initiatives. A Surecomp customer since 1998, Johannesburg-based Absa Group has seen an unprecedented rise in demand for its […]

Fourth Annual Absa-OMFIF Report Shows African Markets Face Extreme Test of Resilience Due to Covid-19

Absa is pleased to launch the fourth annual edition of their Africa Financial Markets Index, produced in association with OMFIF.

CDC Announces Additional US$75 Million Trade Finance Deal with Absa as Part of Covid-19 Response

The investment will provide systemic liquidity across CDC’s African markets and enable local banks to sustain the availability of trade finance.

Africa: Navigating the Continent of Opportunity

From political instability to FX illiquidity, investing in Africa is not without its challenges. However, with untapped markets, high growth rates and a young population with an increasing spending capacity, investment opportunities on this vibrant continent are also in abundance. So, how do European firms navigate this unfamiliar territory? Ultimately, it’s those who sow the […]

ABSA Appoints New Chief Executive to Spearhead Bank’s International Ambitions

Absa International’s new CEO Cheryl Buss’ responsibilities include leading the bank’s international operations to enable a globally scalable business.

Absa Receives US Regulatory Approvals to Open Representative Office in New York

Absa has received regulatory approval to open a Representative office in New York, predicted to be operational by the end of the year.

African Countries Progressing Towards Investment-Supportive Financial Markets, Absa-OMFIF Report Finds

A recent Absa-OMFIF Report has shown that a multitude of African countries have enhanced performance in their respective financial markets. 

Africa: A Continent of Opportunities

In this interview, CJ Giddy, International CEO, Absa Securities UK Limited, a part of the Absa Group, one of Africa’s largest financial services groups, talks to Eleanor Hill, Editor, TMI, about the growth of the African economy, its position in the global marketplace and the opportunities that this vast and diversified continent offers to investors. […]