Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Absa CEO: Africa Expansion Plan Progressing Well
Politics

Absa CEO: Africa Expansion Plan Progressing Well

Bloomberg Markets Wednesday 19 August 2026, 07:32 UTC 1 min read
Key Points

Absa Group is exploring the possibility of converting its representative office in Nigeria into a merchant bank. Chief Executive Officer Kenny Fihla also said he sees opportunities in Uganda, Zambia, Tanzania, Angola. He spoke to Bloomberg’s Chief Africa correspondent, Jennifer Zabasajja, to discuss their plans after the group reported net income for the first half-year of 12.58 billion rand vs. 11.23 billion rand y/y. (Source: Bloomberg)

Absa Group is exploring the possibility of converting its representative office in Nigeria into a merchant bank. Chief Executive Officer Kenny Fihla also said he sees opportunities in Uganda, Zambia, Tanzania, Angola. He spoke to Bloomberg’s Chief Africa correspondent, Jennifer Zabasajja, to discuss their plans after the group reported net income for the first half-year of 12.58 billion rand vs. 11.23 billion rand y/y. (Source: Bloomberg)
Well Absa Group (ORG) Nigeria (LOCATION) Kenny Fihla (PERSON) Uganda (LOCATION) Zambia (LOCATION) Tanzania (LOCATION) Angola (LOCATION) Bloomberg (ORG) Africa (LOCATION) Jennifer Zabasajja (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

France expels 2 Iranian diplomats in escalating row with Tehran

France will expel two Iranian diplomats after Tehran’s security services detained and interrogated two French Embassy staffers last month, Foreign Minister Jean-Noël Barrot announced Tuesday evening. The row dates back to July 19, when two French Embassy employees in Tehran — one of them the cultural attaché — were questioned for several hours and “beaten,” according to Barrot. Paris accused Iranian security services of carrying out a “premeditated and deliberate” act of...

Politico EU 20m ago

Ukraine updates: Ousted minister Fedorov calls for elections

Ousted minister Fedorov calls for elections August 19, 2026What you need to know - Former Defense Minister Mykhailo Fedorov calls for wartime elections - Popular 35-year-old says 'democracy must not be held hostage' - Tech-savy Fedorov also criticizes corruption, reform resistance and 'systemic' crisis Welcome to DW's coverage of Russia's ongoing war in Ukraine on Wednesday, 19 August, 2026. Catch up the week's previous developments here. Former Defense Minister Mykhailo Fedorov calls for...

Deutsche Welle 21m ago

Politicians slam 'cruel tool' used to determine at-home aged care funding

Labor resists widespread calls to ditch 'cruel' aged care funding algorithm In short: Pressure from across the parliament is mounting on the government to ditch the algorithm used to assess older Australians for at-home support packages after Four Corners shed light on how the tool works. The federal opposition says the government has the support to pass changes through the parliament immediately. Health Minister Mark Butler said the episode featured "confronting" stories, but continued to...

ABC Australia 22m ago

Claims blowout hits Tasmanian workers' compensation scheme

Tasmanian workers' compensation scheme under review amid claims blowout In short: The Tasmanian government pays millions of dollars each year in state employee workers' compensation claims. The state's WorkCover Board is currently reviewing the scheme. The Labor opposition is concerned the review will make it significantly harder for workers to claim long-term compensation, including for psychological injuries and post-traumatic stress disorder.

ABC Australia 22m ago