- AVCA’S Fifth VC Summit Spotlights: Resilience, Scale and Bankability
- Commodities Weekly - Framing tariff-induced stagflation risks
- African Private Capital Fundraising Doubles to $4bn in 2024
- The Rise of Contemporary African Art in a Global Market - Marelize van Zyl
- 21st Edition Connected Banking Summit – Innovation & Excellence Awards 2025
FirstRand, South Africa Challenges U.K. Lenders With Aldermore Buy
JOHANNESBURG (Capital Markets in Africa) – Africa’s largest lender by market value plans to take on Britain’s biggest banks with the takeover of Aldermore Group Plc as growth in its home market stutters. FirstRand Ltd. said on Monday it agreed to buy all of Aldermore after winning the backing of the U.K. lender’s board and its largest shareholder. The offer, which values Aldermore at about 1.1 billion pounds ($1.4 billion), will help the Johannesburg-based company diversify away from…
Read More