MMI Holdings sells 67% stake in Swazi insurance business to Vunani for US$3.9m

MMI Holdings sells 67% stake in Swazi insurance business to Vunani for US$3.9m

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SWAZILAND – MMI Holdings, the South African based financial services group has sold majority stake of 67% in its Swaziland insurance business to Vunani Limited for US$3.94 million (R55m). The transaction involves MMI’s Eswatini insurance business, Metropolitan Life Swaziland (“MetLife Swaziland”) and…

Standard Chartered Bank launches digitally-led retail banks in more African markets

Standard Chartered Bank launches digitally-led retail banks in more African markets

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AFRICA – Financial Group, Standard Chartered, has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda. The firm has also unveiled plans of rolling out the system in Kenya following the launches of the Bank’s…

CDC appoints Stephen Priestley as new Managing Director in charge of South Asia and Africa

CDC appoints Stephen Priestley as new Managing Director in charge of South Asia and Africa

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AFRICA – United Kingdom’s development finance institution, CDC has appointed Stephen Priestley as new Managing Director, Funds and Capital Partnerships, in charge of investments in Africa and South Asia. His appointment is effective January 2019 and will report directly to Chief Executive…