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
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
Since 2013 the number of black billionaires has increased by two, according to Forbes’ billionaire list. So how did these black people become so wealthy? This certainly just didn’t happen overnight. Let’s take a look at the World’s Richest Black People: 10) Tony Elumelu – $1 Billion Africa’s revered business leader Tony Elumelu has a
Forbes released its 2015 list of the world’s richest people, with Microsoft’s co-founder Bill Gates reclaiming the top spot from Mexico’s telecommunications mogul Carlos Slim Helu. According to Forbes, a record net worth of $29.2 billion was needed to make the top 20. A brief overview of the richest people in the world as of
Africa is plagued by unequal distribution of wealth. Many African women face high rates of poverty. However, some of them are rich. The current generation of African women is ambitions, and is eager to reform societies, build industries and rewrite history. Africa has produced few rich women. These women are highly influential in the continent.
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