Africa Offshore Banking

Latest News for: Africa offshore banking

Edit

Sasfin suffers 62.5% interim earnings plunge as it still sits in Sars’ crosshairs

Independent online (SA) 28 Mar 2024

... it had conducted a thorough investigation that unearthed how clients of Sasfin Bank had colluded to expatriate funds offshore in a manner that jeopardised the recovery of due taxes in South Africa.

Edit

Fund managers inclined towards SA bond and equities bulls, Bank of America says

Independent online (SA) 27 Mar 2024

But for the South Africa fund managers surveyed by Bank of America, a net 7% of them see ”reform slowing” down ... electricity and water,” noted Bank of America in its South Africa Fund Manager Survey.

Edit

Domestic payments ecosystem to soar on GhIPSS, Visa partnership

B & FT Online 17 Jan 2024

In Africa, interchange fees – charged by the card network to the merchant’s bank each time a card is used – can range from around one percent to three percent of the transaction ...

Edit

Afreximbank Confirms Initial Release of $2.25bn from NNPC’s $3.3bn Crude Prepayment Loan

This Day 13 Jan 2024

“The bank acted as Sole Mandated Lead Arranger, Technical and Modelling Bank, Book-runner, Facility Agent, >Offshore Account Bank, Intercreditor Agent and Collateral Agent, while United Bank for Africa ...

Edit

SA faces a difficult juggling act to avoid blacklisting which could hamper global trade

Independent online (SA) 14 Jul 2023

It would also spell much greater difficulty for South Africans wanting to take money offshore or transact with international banks. Today, South Africa has made significant improvements to address the numerous concerns of the FATF.

Edit

Would blacklisting spell the end of global trade for South Africa?

Independent online (SA) 27 Jun 2023

... layers of due diligence for any company wanting to invest in South Africa and increased levels of difficulty for any South African wanting to take money offshore or transact with international banks.

Edit

Bitcoin May Be Answer to Africa’s Broken Financial System

Coinspeaker 27 Mar 2023

According to , Africa has an $86 billion banking system ... Part of the systemic issues that plague Africa’s banking sector also stems from its quasi-colonial payment structure ... Another major issue with Africa’s banking system is interoperability.

Edit

Vedanta Resources makes prepayment of loan

IIFL Securities 01 Mar 2023

The credit will be supported by the cash flows generated by Zinc International and Vedanta Ltd, which controls the company's zinc properties in Africa and Ireland. Global banks and some public sector banks will write the dollar loan offshore.

Edit

Vedanta Resources makes prepayment of loans

IIFL Securities 01 Mar 2023

THL Zinc Ventures, a subsidiary of Vedanta Ltd., is in talks with banks, including public sector lenders, to raise up to ... Global banks and some public sector banks will write the dollar loan offshore.

Edit

Vedanta Resources prepays loans, plans to raise up to $1 billion

The Times of India 01 Mar 2023

is in talks with banks including public sector lenders to raise up to $1 billion in loans with a minimum tenor of three years, two people in the know said ... The dollar loan will be written offshore by global banks and some public sector banks.

Edit

How Green Banks Are Boosting Clean Energy Projects

Common Dreams 25 Dec 2022

The bank was financing solar panel installations with no upfront costs and fixed monthly lease payments ... Japan, Australia, and South Africa already have national green banks. In the U.K., a green bank helped catalyze that country’s offshore wind boom.

Edit

Somalia approves Coastline’s production sharing agreements

Natural Gas World 24 Oct 2022

The East Africa-focused company said it has invested over $50mn in Somalia and is committed for the long-term and plans for the development of the ...

Edit

Sovereign debt greens yet net-zero pledges darken

Reuters 13 Oct 2022

The bonds saw the highest placement in Britain, followed by the Middle East and North Africa, then U.S. offshore investors, Europe and Asia, according to a bank document seen by Reuters.Register now for FREE unlimited access to Reuters.com.

Edit

Saudi wealth fund braves market tumult in green bonds debut, others unlikely to rush

FX Empire 12 Oct 2022

The bonds saw the highest placement in Britain, followed by the Middle East and North Africa, then U.S. offshore investors, Europe and Asia, according to a bank document seen by Reuters.

Edit

How the African Continental Free Trade Area promises to improve labour mobility,spur wealth creation

Business Ghana 07 Sep 2022

... Offshore Elite Banking Unit. At Bank One, we have a slew of best-in-class banking solutions enabling us to offer services targeted to such mass affluent customers across sub-Saharan Africa, such as.