The Absa group is casting its net wider with plans to expand in the US, China, Europe and the Middle East. The Absa group is casting its net wider with plans to expand in the US, China, Europe and the Middle East, as the bank looks to grow its client base of companies investing in Africa. Absa is currently being run by interim chief executive officer Jason Quinn after former head Daniel Mminele quit following a disagreement over strategy last month. It has also been unable to progress with plans for a representative office in China. Absa and its rivals, including Standard Bank, have also relied on partnerships abroad to lure clients attracted to Africa’s growing population of 1.2 billion people.

Source: News 24 May 27, 2021 13:30 UTC