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Absa Corporate and Investment Banking (CIB) says there are good business opportunities in some markets in sub-Sahara Africa outside South Africa where the bank has appetite to increase its agricultural lending book. Roux Wildenboer, Absa CIB Sector Head (Agriculture) says potential exists in countries such as Kenya, Ghana, Mozambique, Tanzania and Zambia.

Absa Group Limited subsidiaries Barclays Bank of Uganda Limited and Barclays Bank Moçambique were renamed Absa Bank Uganda Limited and Absa Bank Moçambique, SA., respectively, today, signalling significant progress in the group’s continent-wide rebranding programme.

South Africa has for the third year running, claimed top position among 20 African countries ranked by the Absa Africa Financial Markets Index in terms of financial markets development.

Absa has today confirmed its sale of the Edcon store card debtors’ book to RCS Group, a subsidiary of BNP Paribas Personal Finance, subject to regulatory approvals. The transaction includes the sale of Edcon’s store card debtors’ books in both South Africa and Namibia.

South Africa has for the third year running, claimed top position among 20 African countries ranked by the Absa Africa Financial Markets Index in terms of financial markets development.

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 41.6 index points in September, down from 45.7 in August.

Absa Bank Limited (“Absa”) acted as Joint Global Coordinator, Bookrunner, Mandated Lead Arranger and Facility Agent on the refinance and upsize of Harmony Gold Mining Company Limited’s