{"id":43072,"date":"2026-08-19T09:24:01","date_gmt":"2026-08-19T07:24:01","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=43072"},"modified":"2026-08-19T09:24:01","modified_gmt":"2026-08-19T07:24:01","slug":"sa-bank-looking-to-deepen-presence-across-africa","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-bank-looking-to-deepen-presence-across-africa\/","title":{"rendered":"SA bank looking to deepen presence across Africa"},"content":{"rendered":"<p>South African (SA) commercial bank Absa is looking to deepen its presence across Africa as the banking group moves to diversify its income and reduce its reliance on a handful of key markets.<\/p>\n<p>The lender is considering a return to Angola and exploring a merchant banking licence in Nigeria.<\/p>\n<p>Absa is looking to establish a representative office in Angola, nearly two decades after exiting the market, while also weighing a merchant banking licence in Nigeria.<\/p>\n<p>Chief Executive Officer, Kenny Fihla says the expansion is part of a strategy to diversify the group\u2019s income and reduce concentration risk.<\/p>\n<p>Absa says a presence in Angola could unlock trade and corporate investment opportunities, while a Nigerian merchant banking licence would open the door to capital, advisory and trade finance services\u201d.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica\/InnocentSemosa&#8211;<\/p>\n","protected":false},"featured_media":28228,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-43072","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The lender is considering a return to Angola and exploring a merchant banking licence in Nigeria.","published_date":"","news_description":"The lender is considering a return to Angola and exploring a merchant banking licence in Nigeria.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43072\/revisions"}],"predecessor-version":[{"id":43073,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/43072\/revisions\/43073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/28228"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=43072"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=43072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}