Audio By Carbonatix
French bank Societe Generale said on Friday it agreed to sell its South African unit offering custody, trustee and clearing services to South Africa-listed bank ABSA as part of a strategy to review its scope of businesses.
Societe Generale did not disclose the amount of the transaction.
The French bank also signed an agreement with ABSA to jointly provide wholesale banking services in most African countries.
The agreement between the two banks includes a specific offer to service Chinese companies operating in Africa
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Kwakye Ofosu says cost of living eased under Mahama government
47 minutes -
Total banking deposits stood at GH¢302.0bn in October 2025, but foreign currency deposits contracted by 21%
59 minutes -
Interior Minister calls for collective action to enhance security in Ashanti Region
1 hour -
Baobab: Tree of life dying as climate change ravages Northern Ghana
1 hour -
Extradition of Ofori-Atta and Tamakloe-Attinou could take up to three years – Victoria Bright
1 hour -
Government pledges support for Accra commuters amid transport challenges
1 hour -
GES probes alleged feeding problems at Savelugu Senior High School
1 hour -
Government is reviewing Saglemi Housing deal and private takeover – Kwakye Ofosu
2 hours -
Nana Ama McBrown, Kate Henshaw headline Women of Valour London 2026
2 hours -
David Asante’s contributions at GPCL must be recognised – Vicky Bright
2 hours -
I don’t want my people to be mistreated by ICE — Ambassador Victor Smith tells US Senator
2 hours -
Detained fugitives: If you’re not prepared to be accountable, don’t hold public office – Vicky Bright
2 hours -
Adutwum outlines vision for a growth-minded Ghana, draws lessons from global experiences
2 hours -
I wish former CSA boss Dr Antwi-Boasiako continues in office – Sampson Lardy
2 hours -
Kotoko maintain title ambition despite mixed results – Sarfo Duku
2 hours