The PMI rose from 49.5 in November to 50.7 points in December, which is just above the neutral mark and signals growth in the sector.

This year we announced that we will award over 3000 scholarships across 12 countries as part of our continued commitment to education. We will also provide scholarships to 50 of the Mandela 100 Scholars to attend the African Leadership University (ALU) in Rwanda.

On 11 July 2018 our Group name changed from Barclays Africa Group Limited to Absa Group Limited. We also launched our refreshed brand as an expression of our new identity, marking the start of one of the largest rebranding programmes Africa has seen.

Barclays Africa Group, one of the largest banking groups in Africa, released its first annual financial results since the successful conclusion of the reduction by Barclays PLC of its majority shareholding in Barclays Africa Group last year

Absa Group, formerly Barclays Africa Group, launches a new visual identity supported by a new marketing campaign. The group’s new logo features ‘absa’ in lower case, offering a more human, approachable and understated feel than its predecessor.

The Court found that the remedial actions of the Public Protector “were a product of a procedurally unfair process and are unlawful” and “the process was not impartial”. We are pleased that the Court agreed with our argument with regards to the procedural fairness of the Public Protector’s process

Absa Group Limited today reported good progress in positioning to deliver on the new corporate strategy it launched in March 2018. The group, previously known as Barclays Africa Group, reiterated its goal to double its share of banking revenues in Africa to 12%.

The improvement was broad based with all five major subcomponents increasing compared to December. The business activity index recorded the biggest increase and rose by almost 10 points in January. This was supported by an improvement in demand as reflected by the rise in the new sales orders index.

We partnered with Intel® to host a live drone show which embodies our new purpose of “bringing your possibility to life”. This was to celebrate the renaming of the group, heralding a new era for the bank in our push to become a forward-looking African bank in a digital age.

Much has been said about the African growth story and the opportunity our continent presents. But the role of financial institutions in securing that growth cannot be underplayed.