By BUUMBA CHIMBULU
ABSA Group and Invest Africa have entered into a strategic collaboration aimed at supporting the development of business and investment on the continent.
The strategic alliance will support the development of Africa’s financial services and ensure growth of Absa Group as a leading African retail, corporate and investment bank.
Absa International Chief Executive, Cheryl Buss, said the group was poised to develop products that drove growth.
“As an authentically African bank with a deep understanding of the continent, we help clients build fit-for-purpose solutions that drive growth. As such, we are delighted to be collaborating with Invest Africa.
“Association with such a well-established organisation is a significant part of our commitment to act as a corridor to the continent and support international companies who are, or are interested in, conducting business in Africa,” Ms Buss said in a statement.
The new alliance combines Absa Group’s position as experts in providing a gateway to opportunities in Africa, with Invest Africa’s well-established network, in order to promote trade and investment across the African continent.
The collaboration will include a programme of initiatives such as events, podcasts and reports, focused on the growth of business and investment in Africa and the development of sustainable finance.
Invest Africa Chief Executive Officer, Karen Taylor, said: “The role of the financial services sector in driving economic development across Africa has never been more important than now.
“We are delighted to be able to support Absa Group as the leading African Retail, Corporate and Investment bank and to help the organisation realise its mission to provide sustainable access to financing across Africa.”
Absa Group’s focus for the collaboration will centre on furthering local financial solutions in African markets, and growing the group’s market position both across the Continent and globally.
