South Africa’s Standard Bank has dropped the services of McKinsey, spokesman Ross Linstrom said on Monday, weeks after the global consultancy apologised for errors it made while working with state power utility Eskom last year. “Standard Bank has elected to terminate McKinsey and Company’s services and has notified it accordingly,” Linstrom said in an emailed […]
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The 13-bank consortium that raised about $1.2 billion for Etisalat Nigeria Limited (now 9mobile) in 2013 may have picked Barclays Bank to get new investors for the debt-laden firm, following their suspected link with Citigroup and Standard Bank earlier chosen for the role. Barclays was said to have started work on the mandate and is […]
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Sim Tshabalala has become the first black person to lead Africa’s largest bank by assets without sharing power, after his co-CEO stood down, South Africa’s Standard Bank said on Tuesday. Tshabalala, a 49-year old company veteran who describes himself as “a Zulu boy from Soweto”, joins only a handful of black executives at the helm […]
Read More 9mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm, with three companies already showing interest, a banking source close to the deal said on Tuesday. India’s Bharti Airtel, which already has a presence in Nigeria, as well as Britain’s Vodafone […]
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