16 August 2018
Absa Corporate and Investment Banking looks towards growth possibilities for Africa
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.
Absa Group Limited reported an increase in earnings, revenue and dividend for the first half of 2018 today. The group reported its first set of financial results as `Absa Group’ after being renamed on 11 July this year as it separates from the international Barclays PLC group.
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%.
Absa Corporate and Investment Banking (CIB) has successfully closed debt financing worth R22 billion for 12 renewable energy projects as part of the Department of Energy’s latest bidding round under the renewable energy independent power producer programme (REIPPP).
The arrival of Samsung Pay gives Absa customers even more choice on how they can make payments. This is a secure, simple and convenient way to make mobile payments using compatible Samsung Galaxy smartphones.
Our commitment to youth through education and skills development is part of our social promise to be an active force for good across all communities in which we operate. Education and Skills Development has been a key pillar of our active citizenship
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.