Company News & Results

Allianz Global Wealth Report: The good years are over

Standard Bank, OPIC And Wells Fargo Sign $300 Million Facility To Support Power And Infrastructure Projects In Africa

New York, NY – Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Wells Fargo Bank announced a $300 million facility to fund power and infrastructure projects in Africa. The 12-year funding line for Standard Bank, the largest African banking group by assets, was signed on the side lines of the US-Africa Business Forum in New York City. SBSA will provide $33 million from its balance sheet to support transactions financed by the facility.

Hollard launches a trade credit insurance product with a twist

The company has teamed up with credit management specialist Debtsource to offer per-debtor cover bundled with an end-to-end credit management service.

Sticking to core principles

The financial services industry has seen a changing of the guard with Peter Jennett becoming the CEO of Centriq and with Gareth Beaver taking over the reins at SHA. FAnews spoke with Beaver to find out more about his overall view of the industry and whether there will be any changes on the horizon for the company.