Absa is facing significant backlash from institutional investors over the pay package of its executives, specifically its new CEO, Kenny Fihla.

Also seeks to bolster non-interest revenue and return on equity at South Africa’s third-biggest lender by assets.

JOHANNESBURG - Absa has moved to reassure investors after facing criticism over the pay package of its new CEO. The bank has ...

Analysts say Absa’s revenue mix mirrors Standard Bank, where continental operations are increasingly driving profitability.

Peter Mutua, the director of Absa Customer Network and Distribution presents a symbolic Maasai attire to Absa Group CEO Kenny Fihla during his three-day visit in Kenya. South Africa’s multinational ...

Absa Group Ltd. posted a 14% increase in first-half profit as cost-cutting and an organizational restructure delivered dividends for South Africa’s third-largest bank. Net income attributable to ...

As sustainability reporting takes root among corporates, lenders are no exception. The new requirement tasks firms to disclose their environmental, social, and governance (ESG) goals and communicate ...

South Africa’s banking industry found itself in an uproar the night of March 16, when the heir apparent of its largest bank—and the continent’s—quit to take the helm of a crosstown rival. Kenny Fihla, ...