
Absa Group, led by Sello Moloko, to establish presence in Dubai
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
Absa Group to open Dubai office in early 2026, expanding global reach and tapping into Africa-Gulf trade and investment.
He will take over from Charles Russon, who has been serving as interim CEO following the early retirement of the previous chief executive.
The investment aims to improve agricultural efficiency and expand market access in one of Africa’s most crucial sectors.
The syndicated loan, Absa’s first, signals a significant step in the bank’s commitment to sustainable investments.
This follows a recent collaboration between Absa and IFC, which resulted in a $60 million trade finance facility for Volcafe, a leading global green coffee merchant.
The collaboration introduces Renault Financial Services, a new financing and services platform designed for Renault customers.
This move aligns with Absa’s client-centric approach, which is poised to play a growing role in global trade, particularly in the China-Africa investment relationship.
Rautenbach, a veteran South African banker with deep financial services expertise, holds a 0.026 percent stake (218,412 shares) in Absa Group.
Absa Group, a Johannesburg-based diversified financial services provider led by South African banking executive Arrie Rautenbach, achieved a significant milestone in its…
Mkhize is a seasoned veteran renowned for his extensive knowledge within South Africa’s financial services sector.
Quinn also owns a minority stake of 0.012 percent, amounting to 99,814 shares in the financial services giant.
Russon owns a minority stake of 0.018 percent in Absa Group, which is presently valued at $1.42 million.
SIH is Sanlam’s third-party asset management company.
Rautenbach owns a 0.023-percent stake in the banking group, worth $1.94 million.