Richest Banks in South Africa by Assets

Richest South African Banks

The banking industry of South Africa is overseen by the South African Reserve Bank. The industry is dominated by four players: Standard Bank, First Rand, ABSA and Nedbank. Here is a brief introduction to these four banks, which are the richest banks in South Africa, by assets. 4) Nedbank (R749.594 billion) Headquartered in Johannesburg, the


Top 10 Richest Banks in Nigeria by Assets

Richest Nigerian Bnaks

Naira is the currency of the West African nation Nigeria. The nation has a highly developed financial services sector, with a mix of local and international banks, brokerage houses, asset management companies, private equity funds, insurance companies and brokers, and investment banks. The Central Bank of Nigeria is the national banking regulator. Here are the


Top 10 Richest Banks in Ghana by Assets

Ghana cedi (GHS) is the currency of Ghana. The nation’s financial system has undergone a process of restructuring and transformation in recent years. Here are the top 10 richest banks in Ghana (by assets) as of 2015. 10) Merchant Bank Ghana Ltd. (GHS 806.548 million) The Merchant Bank Ghana (MBG) is a universal bank with assets


Top 20 Most Indebted African Countries

Even though Africa has the fastest-growing continental economy, the cause of great concern is debt. The continent’s borrowing binge started in 2007 and it continues unabated. African countries have the smallest debts in the world compare to other countries. Countries like Kenya didn’t make the top 20; as of March 2014 it has one of


Top 10 Richest Banks in Africa by Assets

Richest African Banks

Across Africa, banks are expanding, but unfortunately their returns are not. Many banks are promising high returns as they expand across Africa. The main attraction of the continent’s banking market is that it is vast and virtually untapped. Banking penetration among Africa’s billion inhabitants varies significantly from nation to nation, but many people in countries


The Most Valuable Currencies in Africa

In pre-colonial times, African currency included ingots, gold dust, shells, iron, arrowheads, goats, salt, cattle, beads, axes, blankets, etc. This started to change from the seventeenth century. Various colonial powers introduced their own currencies to their colonies. Today African nations have their own currencies. Here are the top five most valuable currencies in Africa as