Absa Mauritius’ Post

Great Initiative!!! Excellent work madam leila Farah Mokaddem. Congratulations African Development Bank Group and Absa Group.. ■■The partnership between the African Development Bank Group and Absa Group is a game-changer for Africa's #sustainable and #inclusive growth.. ■■This #collaboration brings together two #giants in the #developmentfinance and #bankingsectors, leveraging their expertise and resources to drive economic transformation across the continent. ■■By #combining their #strengths, they aim to #accelerate progress towards the #SustainableDevelopmentGoals (#SDGs) by 2030, particularly in areas such as #infrastructure development, #industrialization, and #access to #finance for small and medium-sized enterprises (#SMEs). ■■This partnership demonstrates a #commitment to #fostering sustainable growth and reducing #inequality in #Africa. ■By supporting #SMEs and promoting infrastructure development, they can help create jobs, stimulate economic activity, and improve living standards. ■■Their #focus on industrialization aligns with the #AfricanUnion's #Agenda2063 and the #UNSDGs, emphasizing the importance of #economic #diversification and #value #addition in driving #sustainablegrowth. ■■Through this #partnership, the African Development Bank Group and #AbsaGroup are setting a #powerful #example of #collaborative #action towards #achieving the #SDGs in #Africa. ■By #pooling their resources and expertise, they can #unlock new #opportunities for #growth, reduce #poverty, and #promote shared #prosperity. ■■As we strive to #achieve the #SDGs by 2030, such #partnerships will be #crucial in driving #progress, and their #impact will be felt for #generations to #come. World Economic Forum United Nations Economic Commission for Africa African Union IFC - International Finance Corporation International Fund for Agricultural Development (IFAD) UNDP Sustainable Finance Hub IEO UNDP UNDP Fonds de Solidarité Africain - FSA Banque Ouest Africaine de Développement Sustainable Development Solutions Network Asian Development Bank (ADB) European Investment Bank (EIB) Banque Interaméricaine de Développement.

Equity Bank Limited Group has achieved remarkable recognition at the 2024 Euromoney Awards in London, winning four prestigious accolades. The awards include Best Bank for Corporate Responsibility in Africa, Best Bank for Corporate Responsibility in Kenya, Best Bank for SMEs in Kenya, and Overall Best Bank in Kenya—all for the second consecutive year. These honors underscore Equity's leadership in corporate responsibility and financial services excellence. The awards celebrate Equity’s profound impact through the Equity Group Foundation (EGF), highlighting its significant contributions to education, healthcare, environmental sustainability, social protection, and financial inclusion. Euromoney's rigorous evaluation process recognizes institutions demonstrating exceptional corporate responsibility and transformative community initiatives, and Equity's achievements reflect its extensive efforts and success in these areas. EGF’s initiatives include providing financial education to millions, supporting and financing SMEs, and delivering scholarships and social protection programs to numerous individuals. Additionally, Equity’s health sector expansion and environmental programs, such as tree planting and clean energy distribution, further illustrate its commitment to social impact and sustainability. Dr. James Mwangi, Managing Director & CEO of Equity Group, expressed his honor at receiving these awards, emphasizing the Group's belief in shared prosperity and the transformative power of investing in communities. Equity’s continued success and dedication to fostering economic prosperity and inclusive financial services reinforce its position at the forefront of Africa’s financial transformation. #EquityGroup #EuromoneyAwards #CorporateResponsibility #FinancialInclusion #SMEs #Sustainability #SocialImpact #BankingExcellence #AfricaFinance

African Development Bank and Absa Launch Multi-Billion Rand Financial Package to Empower Women and Youth The African Development Bank Group (AfDB) and Absa Group have announced a transformative financial package aimed at increasing funding for underserved segments in South Africa and across the continent. This initiative focuses on women-owned businesses, youth entrepreneurs, and small and medium-sized enterprises (SMEs). Apart from enhancing Absa's regulatory capital, this partnership aims to increase access to finance, deepen domestic capital markets, and foster regional trade, by ensuring continued access to global supply chains for issuing banks in African countries. The financial package comprises: - A ZAR 1.7 B (~USD 97 M) subordinated sustainability-linked (Tier 2) loan designed to enhance Absa’s regulatory capital and promote access to finance for women-owned SMEs. - A ZAR 1 B (~USD 57 M) investment in Absa’s inaugural social (Tier 2) bond issuance, with proceeds earmarked for affordable housing loans for female homeowners. - A ZAR 2.6 B (USD 150 M) trade finance Risk Participation Agreement (RPA) facility to underwrite trade transaction risks by African issuing banks, reinforcing Absa’s regional banking role. This collaboration seeks to drive sustainable economic growth by providing essential funding and empowering women and youth. It also includes capacity-building training for Absa staff and women business owners, equipping entrepreneurs with mentorship and tailored financial solutions. #AfricanDevelopmentBank #Absa #FinancialInclusion #WomenEmpowerment #YouthEntrepreneurs #SustainableDevelopment #TradeFinance #AfricaGrowth

Empowering you together, one wealth story at a time

Record Revenue, Rising Profits, and Women Empowerment! #ABSABank Absa Bank Kenya is making waves with its impressive 2023 financial results! 📈 Revenue surged 19% to KSh 54.6 billion, fueled by a 40%+ growth in bancassurance and asset management. Profit after tax climbed 12%, reaching KSh 16.4 billion—a testament to Absa’s unstoppable growth momentum. 💪 Highlights include: ✅ Over KSh 21 billion disbursed through Timiza, advancing financial inclusion. ✅ 30% of MSME loans directed to women-led enterprises—empowering the future of Africa! Challenges like currency depreciation and inflation persist, but Absa’s focus on digital transformation and green financing shows it’s not just adapting; it’s leading the way. 🌱 Catch the full story behind Absa’s success and future-focused strategy. Don’t forget to like, comment, and subscribe for more business insights! #AbsaBank #FinancialResults #KenyaBusiness #DigitalTransformation #GreenFinancing #WomenEmpowerment #fyp #shorts #trending

In 2018, during my 12th year as CEO of Africa Prudential, I attended the Cooperative Societies Conference in Mozambique where I received an unexpected video call from the Chairman of UBA Group, Tony O. Elumelu, C.F.R. It was unusual, as our communications typically occurred via voice call, and at that hour, I couldn’t help but consider the significance of this moment. Fast forward, what followed was a pivotal conversation that led to my appointment as the Group CEO of United Capital Plc. Upon assuming this role, I encountered a prevalent perception that my experience in running a registrar business did not align with the demands of leading an investment banking group. However, with the support of my wonderful predecessor, Dr. Toyin F Sanni who also believed in my potential to move United Capital Plc forward, I embraced the challenge. Ever since, we have achieved remarkable milestones in the group, including the recent launch of our new subsidiary, UCEE Microfinance Bank. As individuals, we often wait for the perfect moment to step into new roles or accept the challenge for greater responsibilities. But here's the truth: you'll never feel 100% ready. Leadership is not about being fully prepared—it's about having the courage to step up even when uncertainty looms. The best growth happens when you push beyond your comfort zone and tackle challenges head-on. If you are waiting for the perfect time, it might never come. Take the leap today, embrace the unknown, and trust that you’ll learn and grow along the way. Tony O. Elumelu, C.F.R Dr. Toyin F Sanni #PeterAshade

Empowering Mozambique Through Financial Literacy I am incredibly proud to share the impactful initiatives we've undertaken at Absa Bank Moçambique to promote financial literacy across the Country. In alignment with our commitment to drive sustainable economic growth and empower individuals with financial knowledge, we've implemented a series of strategic actions aimed at enhancing financial literacy among Mozambicans, while also contributing to the achievement of Sustainable Development Goals (SDGs). Through our recent campaigns and programs, we've reached an astounding number of people throughout Mozambique: Over 186,000 individuals have benefited from our Personal Finance Guide, equipping them with essential financial skills for informed decision-making. Partnering with esteemed theater groups, Gungu and Novocine, we've engaged approximately 1600 women and 7000 families in entertaining yet educational financial literacy theater sessions, breaking barriers and fostering a culture of financial empowerment. This initiative aligns with SDG 5 (gender equality) by empowering women and promoting equal access to financial education. The Ready to Work Program has empowered over 5000 youths with the tools and knowledge necessary to enter the job market and build successful careers, with a strong emphasis on financial literacy. This program contributes to SDG 8 (decent work and economic growth) by providing young people with the skills they need to participate in the economy effectively. Furthermore, our innovative approach to financial education, utilizing radio dramas broadcasted in 12 national languages, has successfully reached over 8 million Mozambicans, making financial concepts accessible to all. These numbers represent more than just statistics – they embody the transformative impact of financial literacy on individuals, families, and communities. By arming our fellow Mozambicans with the knowledge and skills to make sound financial decisions, we're not only fostering economic resilience but also paving the way for a brighter, more prosperous future for our Country. At Absa Bank Moçambique, our commitment to driving financial inclusion and empowerment remains unwavering. We will continue to innovate, collaborate, and invest in initiatives that uplift and educate our people, driving positive change and prosperity across Mozambique. Together, let's build a future where every Mozambican has the opportunity to thrive financially. #FinancialLiteracy #Empowerment #SustainableDevelopmentGoals #AbsaBankMoçambique #MozambiqueProsperity

This was another great example of #collaborationforimpact, bringing together stakeholders to support #youthempowerment by developing their skills, provde quality work experience and pathways to sustained employment. What a privilege to be as part of 84 youth journeys in the #greeneconomy.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗯𝗿𝗮𝗻𝗱𝘀 𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗱 𝗳𝗼𝗿 𝗳𝗼𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗶𝘁𝘆, 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 If you are keen for a quick update on the ongoing transformation efforts at South Africa’s leading financial institutions, then you will find insightful comments in the Financial Sector Transformation Council (FSTC) ‘Winter Edition’ update.   This two-pager shines the spotlight on steps taken by financial institutions to foster a collaborative and inclusive economy – an approach the Financial Intermediaries Association of Southern Africa (FIA) encourages across its financial intermediary member base.   The FSTC recognises the country’s Broad-Based Black Economic Empowerment (BBBEE) Act and Sector Charters – notably the Financial Sector Charter – as pivotal in promoting equity and inclusion, with its latest newsletter offering brief comment on developments at brands like: Absa Group, Africanbank, Alexforbes, Momentum Group Limited, Nedbank, Ninety One, Old Mutual South Africa, Sanlam. The FSTC closed its communication by congratulating SA’s financial services sector for progress made to date: “We commend the sector for its collective efforts towards realising transformation goals”. The FIA echoes this commendation and stands ready to guide our members on the road ahead. Read more: https://lnkd.in/dgA6mPJv #Inclusivity #EconomicEmpowerment #FinancialServices #EconomicTransformation #SocialChange

Baloobhai Patel, a prominent Kenyan investor, has significantly increased his holdings in Absa Bank Kenya. Over the past six months, Mr. Patel acquired an additional 5.8 million shares, bringing his total stake to 1.03% - the first time it has surpassed 1%. This strategic move reflects his confidence in Absa's future and the Kenyan banking sector as a whole. Mr. Patel's growing stake in Absa is part of a broader investment strategy. He also holds significant positions in the Co-operative Bank of Kenya, Carbacid Investments, Bamburi Cement PLC, Sanlam Kenya, and CIC Insurance Company. This diversified portfolio demonstrates his keen eye for spotting value across various industries. The Absa stake increase is particularly lucrative for Mr. Patel. With Absa proposing a final dividend of Sh1.35 per share, he stands to earn an estimated Sh75.4 million before tax upon distribution in May. This is in addition to potential dividends from his holdings in other companies like Co-op Bank (Sh113.5 million) and Bamburi (Sh81.8 million). Baloobhai Patel's investment activities highlight the dynamism of the Kenyan financial market. His strategic acquisitions and focus on dividend-paying companies position him to benefit from the continued growth of the Kenyan economy. #Kenya #Investment #Banking #AbsaBank #BaloobhaiPatel #StockMarket #Dividends #Carbacid #BamburiCement #Coop #CICInsurance #SanlamKenya #Hakunamatatamedia